5 ms·
We've lost most of our friends now, and the roots we were putting down over the last 7 years are eroding a bit. For the record our household income fluctuates
by tsunamifury 10y ago
We've lost most of our friends now, and the roots we were putting down over the last 7 years are eroding a bit. For the record our household income fluctuates between 300 and 400k and we live in a microhouse (500sqft) in Berkeley. Expanding is a difficult proposition.
Its an interesting set of factors that lets me buy a Ferrari far easier than a house. First lifestyle money, then tech money, now foreign investment.
And there are a lot of subtle changes neighboorhood to neighboorhood. Mission was once the most expensive in SF, now Berkeley is surpassing even them. Hayes Valley becomes hip, and Precedio Heights becomes more affordable because of the lack of public transit.
For the most part i've surmised that the city is full of smaller town transplants who graduate and think their 120k offer is the greatest opportunity of their lives. They shortly find out it barely gets them a toilet with two roommates and end up leaving for Seattle, Portland, etc while staying with their company. This cycle repeats over and over
Meanwhile, this engine extends the SFBay problem to the B and C cities -- leaving fewer places to run to.
- cylinder 10y agoWhat am I missing -- rent for large houses in nice East Bay suburbs seems to be around $3500-$4000 a month which is easily less than a third of your take-home income. I'm not sure about Berkeley proper.
- rconti 10y agoYeah. I don't know. We bought a real house on the Peninsula on far less income.