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The price for a studio isn't going to be far behind a 1 bedroom, and rooms in houses aren't really an option for for people who aren't single in most cases. Eve
by learc83 8y ago
The price for a studio isn't going to be far behind a 1 bedroom, and rooms in houses aren't really an option for for people who aren't single in most cases. Even if you wanted to cram multiple people into one 12x12 room, most cheap rooms for rent are explicit about 1 person only.
Look at median household income, San Francisco is effectively off limits to most people.
- askafriend 8y agoPoint taken. We definitely have a problem but I really don’t see any solution anytime soon. Even if we committed to building a ton of new supply tomorrow, it’d still take years to get approved and actually physically built. I’ll push back a little on your point back alternatives not being too far behind the price of a 1 bedroom though. I know several people with units <$1800. Some converted rooms go for <$1500.
- learc83 8y agoA median price of $3,700 doesn't imply that single bedrooms cheaper than that don't exist. >don’t see any solution anytime soon There's not. But a solution 5 years from now is better than never.
- landryraccoon 8y ago> Even if we committed to building a ton of new supply tomorrow, it’d still take years to get approved and actually physically built. Would you argue we shouldn't do anything about climate change because that will take years of approval and political decisions before anything gets done? I mean, yeah, it would be better to start ten years ago than today, but starting today must be better than never right?
- askafriend 8y agoThat’s not my viewpoint at all. I think we SHOULD build as much supply as possible. However I’m not holding my breath nor am I optimistic about the short-medium term reality.