Rent in San Francisco is so expensive that it’s cheaper to commute from Las Vegas

  • metta

    Posts: 39090

    Oct 21, 2015 4:47 AM GMT
    Rent in San Francisco is so expensive that it’s cheaper to commute from Las Vegas

    http://www.businessinsider.com/its-cheaper-to-commute-from-las-vegas-to-san-francisco-than-it-is-to-live-there-2015-10
  • metta

    Posts: 39090

    Oct 21, 2015 5:07 AM GMT
    A 23-year-old Google employee lives in a truck in the company's parking lot and saves 90% of his income

    http://www.businessinsider.com/google-employee-lives-in-truck-in-parking-lot-2015-10
  • Svnw688

    Posts: 3350

    Oct 21, 2015 6:55 AM GMT
    metta saidA 23-year-old Google employee lives in a truck in the company's parking lot and saves 90% of his income

    http://www.businessinsider.com/google-employee-lives-in-truck-in-parking-lot-2015-10


    That's just cheap, get a room share. He's 23, it's not embarrassing to live with roommates until the late-20s or 30 year old mark.
  • metta

    Posts: 39090

    Oct 21, 2015 7:05 AM GMT
    ^
    He probably could have bought a camper for about the same and it would have been insulated better. I'm surprised that the security on Google is ok with it. It is a good way for him to pay off his student debt quickly. icon_smile.gif I don't blame him. I hate debt.
  • FitBlackCuddl...

    Posts: 800

    Oct 21, 2015 3:17 PM GMT
    Svnw688 said
    metta saidA 23-year-old Google employee lives in a truck in the company's parking lot and saves 90% of his income

    http://www.businessinsider.com/google-employee-lives-in-truck-in-parking-lot-2015-10


    That's just cheap, get a room share. He's 23, it's not embarrassing to live with roommates until the late-20s or 30 year old mark.


    It is NEVER embarrassing to do what one needs to, regardless of age. Especially in these times.
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    Oct 21, 2015 4:51 PM GMT
    I live near Google and Facebook, and I have friends who work at Facebook. One story I heard about is a tract house owner near those two companies, who got a bright idea. He rents out a tent in his backyard for $900.00 per month. The tenant has bathroom & kitchen privileges inside the house, but actually lives & sleeps in the tent. I hope the tent is waterproof! And from what I hear, there is no way to get even a studio apartment in the Palo Alto area for anything as low as $900.00 per month.

    I've heard of vans full of employees who work here in Silicon Valley, but choose to live far inland (Livermore and Manteca) and they commute together for a few hours a day each way. Housing costs are far less expensive when you go that far inland. But the people have to leave home (I'm told) at 4:30 or so each morning. Who knows what time they get back home each night. Amazing.
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    Oct 21, 2015 4:55 PM GMT
    I just went back to East Bay this past weekend and stayed for free with a friend I met there over the summer. When I left, he told me I could stay with him for free next Spring and Summer when I go back.

    So...rent isn't all that bad there if you know the right people. icon_cool.gif
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    Oct 21, 2015 5:41 PM GMT
    Wait until gas prices go back up again. The exurb movement is dying and it won't be long until the economy rebounds and developers pounce on this new direction the market is taking. If areas want to stay relevant and desirable their #1 concern is going to be focusing on density and walkability. That means building up instead of out and investing in public transit. This generation of 20-somethings cares less about car ownership than any before and it is going to show up when they enter the housing market.
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    Oct 21, 2015 5:43 PM GMT
    Jockbod48 saidI live near Google and Facebook, and I have friends who work at Facebook. One story I heard about is a tract house owner near those two companies, who got a bright idea. He rents out a tent in his backyard for $900.00 per month. The tenant has bathroom & kitchen privileges inside the house, but actually lives & sleeps in the tent. I hope the tent is waterproof! And from what I hear, there is no way to get even a studio apartment in the Palo Alto area for anything as low as $900.00 per month.

    I've heard of vans full of employees who work here in Silicon Valley, but choose to live far inland (Livermore and Manteca) and they commute together for a few hours a day each way. Housing costs are far less expensive when you go that far inland. But the people have to leave home (I'm told) at 4:30 or so each morning. Who knows what time they get back home each night. Amazing.


    Only three for under $2,000 per month

    https://www.zumper.com/apartments-for-rent/palo-alto-ca/under-2000

    And one of those gone in the last 5 min.
  • metta

    Posts: 39090

    Oct 21, 2015 6:34 PM GMT
    Goodbye, Skyrocketing Rents; Hello, Waterfront Living


    http://www.houzz.com/ideabooks/55382418/video/houzz-tv-goodbye-skyrocketing-rents-hello-waterfront-living
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    Oct 21, 2015 6:42 PM GMT
    With starting salaries in the 6 figures paying twice as much for rent is just part of the picture. Last night I ordered a side of Brussels spouts at a popular hipster restaurant ( it was packed, reservations only at 10:30 pm) 15 bucks . Glass of wine 14 bucks ( cheapest on the menu)
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    Oct 21, 2015 6:51 PM GMT
    I went so far as to look for sailboat anchorage around Mountain View, years ago. IIRC, Because of the mudflats, you'd have to anchor so far out that there would be no protection during storms. Then there are few easy ways to get to shore at low tide. Lots more options in the East Bay, I hear.

    But I suppose there might be some options if people were to import a few of those twin-keeled British boats that are made to sit on the mud at low tide. Show up at the office in muddy hip-boots...icon_redface.gif

    cranein2013mooring.jpg

    Plenty of people around here do the three or four hours a day commute to Portland. I did it for a while, but that's just way too much life to waste.
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    Oct 21, 2015 7:31 PM GMT
    If you expand the map just a bit to show San Mateo to San Jose then much more available at under $2,000

    https://www.zumper.com/apartments-for-rent/palo-alto-ca/under-2000?box=-122.5521421777,37.1190584263,-121.7199278222,37.7297919474

    Still though $3.50 a ft and up
  • FitBlackCuddl...

    Posts: 800

    Oct 21, 2015 8:02 PM GMT
    Alpha13 saidWith starting salaries in the 6 figures paying twice as much for rent is just part of the picture. Last night I ordered a side of Brussels spouts at a popular hipster restaurant ( it was packed, reservations only at 10:30 pm) 15 bucks . Glass of wine 14 bucks ( cheapest on the menu)


    Those 6-figure salaries aren't going to be offered to everyone, bud.
  • Posted by a hidden member.
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    Oct 21, 2015 8:08 PM GMT
    location, location, location...


    4 beds 3.5 baths 4,261 sqft. $2,250 a month
    ISlmfxsd81hktf0000000000.jpg

    http://www.zillow.com/homes/for_rent/Harrisburg-PA/house,mobile,townhouse_type/86492068_zpid/11817_rid/549811-687264_price/2000-2500_mp/40.341179,-76.768771,40.226072,-76.991931_rect/12_zm/?3col=true
  • Posted by a hidden member.
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    Oct 21, 2015 9:50 PM GMT
    And just think! For all that money you spend on housing in SF, you also get the benefits of living in a "sanctuary city" where illegal aliens who murder American citizens aren't turned over to ICE!

    http://www.sfgate.com/bayarea/article/Supervisors-say-SF-s-sanctuary-city-policies-6580287.php

    What's not to like?
  • tj85016

    Posts: 4123

    Oct 22, 2015 12:34 AM GMT
    so move to Modesto, it's a third the commute to San Francisco than Vegas icon_lol.gif
  • Posted by a hidden member.
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    Oct 22, 2015 1:35 AM GMT
    SF is and will always be overrated. I like it, I had an option to move, I just like my primary location better. Warmer and when I need the beach I go to SD.
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    Oct 22, 2015 7:01 AM GMT
    I may move back to San Francisco soon for work and a change of scenery. I've seen home prices in the city before and had a couple of friends who own condos. I'll definitely have to share/crash with them before even thinking about getting a place on my own. But I love living with roommates. The main reasons why SF costs so much, the arts, cultures, major west coast gay city hub, tech/finance sector, and the climate and everyone wants to move there. It's sort of like NYC on the west coast, a little cheaper than NY though.
  • roadbikeRob

    Posts: 14310

    Oct 22, 2015 12:03 PM GMT
    TheStreetcarWhisperer saidWait until gas prices go back up again. The exurb movement is dying and it won't be long until the economy rebounds and developers pounce on this new direction the market is taking. If areas want to stay relevant and desirable their #1 concern is going to be focusing on density and walkability. That means building up instead of out and investing in public transit. This generation of 20-somethings cares less about car ownership than any before and it is going to show up when they enter the housing market.
    That is a very good trend. I hope the twenty somethings of today stick to their guns and keep revitalizing cities and first ring suburbs alike. Hopefully this group will be the same one that puts a halt to all car centric development and helps us in efforts to halt any further expansion of the interstates and removal of superhighways that have altered or destroyed communities and expand public transportation and bike lanes. It is time to get away from cars, superhighways, shopping malls, and cookie cutter housing subdivisions and reinvest in our older communities particularly our central cities and first ring suburbs.
  • roadbikeRob

    Posts: 14310

    Oct 22, 2015 12:09 PM GMT
    Svnw688 said
    metta saidA 23-year-old Google employee lives in a truck in the company's parking lot and saves 90% of his income

    http://www.businessinsider.com/google-employee-lives-in-truck-in-parking-lot-2015-10


    That's just cheap, get a room share. He's 23, it's not embarrassing to live with roommates until the late-20s or 30 year old mark.
    It is not embarrassing to live with roommates at any age. You be surprised how many 30 somethings and even 40 somethings live with roommates to help reduce living expenses thanks to most private sector employers paying no more then a high school kids pittance wage for most job positions.
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    Oct 22, 2015 3:15 PM GMT
    roadbikeRob said
    TheStreetcarWhisperer saidWait until gas prices go back up again. The exurb movement is dying and it won't be long until the economy rebounds and developers pounce on this new direction the market is taking. If areas want to stay relevant and desirable their #1 concern is going to be focusing on density and walkability. That means building up instead of out and investing in public transit. This generation of 20-somethings cares less about car ownership than any before and it is going to show up when they enter the housing market.
    That is a very good trend. I hope the twenty somethings of today stick to their guns and keep revitalizing cities and first ring suburbs alike. Hopefully this group will be the same one that puts a halt to all car centric development and helps us in efforts to halt any further expansion of the interstates and removal of superhighways that have altered or destroyed communities and expand public transportation and bike lanes. It is time to get away from cars, superhighways, shopping malls, and cookie cutter housing subdivisions and reinvest in our older communities particularly our central cities and first ring suburbs.


    "superhighways"

    Shit, I could have sworn it was you who I was arguing with regarding the guy that was traveling from AZ to NY with your advice to take I-40 to I-81 and my advice to get off of the damn interstates as much as possible for the two lanes.
    icon_wink.gificon_redface.gificon_eek.gif

    "developers pounce on this new direction the market is taking."

    Past tense I hope?

    You ought to see what's happening here downtown with the amazing changes over even the last five years with both new construction and re-purposing existing properties and buildings. Although I haven't seen it for several years, I know the same is going on south of downtown LA in the warehouse district. Now question that all of this is going in the right direction.

    Difference here is that we still have lots of development going on in the outer ring suburbs and exurbs. I.E. Columbus is building all the way north to Delaware, but downtown is where the action is .... no question.
  • tj85016

    Posts: 4123

    Oct 22, 2015 3:39 PM GMT
    I don't see the issue here, if your property increased 20% in value next year, you'd be jumping for joy (and don't deny you wouldn't be)
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    Oct 22, 2015 4:00 PM GMT
    roadbikeRob said
    Svnw688 said
    metta saidA 23-year-old Google employee lives in a truck in the company's parking lot and saves 90% of his income

    http://www.businessinsider.com/google-employee-lives-in-truck-in-parking-lot-2015-10


    That's just cheap, get a room share. He's 23, it's not embarrassing to live with roommates until the late-20s or 30 year old mark.
    It is not embarrassing to live with roommates at any age. You be surprised how many 30 somethings and even 40 somethings live with roommates to help reduce living expenses thanks to most private sector employers paying no more then a high school kids pittance wage for most job positions.


    And this is a trend that I noticed starting in the last boom in West LA residential in that two and three guys (spanning the orientation spectrum) were teaming up income to be able to qualify for anything that's a SFR in West LA.
  • Posted by a hidden member.
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    Oct 23, 2015 12:15 AM GMT
    laxwill10 saidI may move back to San Francisco soon for work and a change of scenery. I've seen home prices in the city before and had a couple of friends who own condos. I'll definitely have to share/crash with them before even thinking about getting a place on my own. But I love living with roommates. The main reasons why SF costs so much, the arts, cultures, major west coast gay city hub, tech/finance sector, and the climate and everyone wants to move there. It's sort of like NYC on the west coast, a little cheaper than NY though.


    Cheapest new condo is $1000/ SF . That is $500,000 for a 500 SF studio.