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In less than 5 minutes of looking I found several very nice houses for $4-5k/month in multiple nice neighborhoods. Renting, there are actual luxury condos and

In less than 5 minutes of looking I found several very nice houses for $4-5k/month in multiple nice neighborhoods. Renting, there are actual luxury condos and apartments ready to rent for $3-4k, again in multiple nice neighborhoods. >$300k/year isn’t enough for single income families in the Bay Area. The median household income for SF families is less than $100k, and you're telling me three times that "isn't enough"? That's bullshit. Responding to your edit: I don't live in SF, but prior to covid I traveled there every week for work, so I am familiar with the city. For a local example, my best friend makes ~$140k/yr, lives in Nob Hill in a gorgeous high rise apartment, and still has thousands to spend every month on fun discretionary activities. Another close friend who makes ~$250k/yr owns a great house in Inner Sunset and they certainly seem like they are able to afford any other desires they want (a boat, all kinds of tech gadgets, trips all the time, etc).

bradlys 6y ago
You're going to have to show listings. Last time, people were posting spam postings they found on Craigslist. If you want an apartment - you can find 1-bedroom "luxury" apartments (also known as normal apartments outside the bay area) for about $3300-4000/month. Even at $7000/month income that leaves "thousands" left over but that is a fucked ratio of expenses. You shouldn't be spending close to 50% of your take home on RENT. You will never be able to retire and live the same lifestyle. If you want a house, you're not finding a nice house (3+ bedrooms, central air, etc.) and in a nice neighborhood (San Carlos, Hillsborough, Palo Alto, Los Altos, Los Gatos, Menlo Park, etc.) for $4000-5000. I'd love to see the listings... I don't even bother with SF because the prices are even more outlandish for nice neighborhoods. Familiar with the city and actually paying rent here are different. I've had coworkers who lived with their parents who are wildly out of tune with how much it costs to rent a place. I don't know how your friend affords a high rise on $140k/yr - maybe you should ask what their rent is and if they're sharing it with someone. You can't buy a house now with $250k/yr in inner sunset. Go to Zillow and find me a nice house you can afford on $250k/yr and won't be house poor in the end with. Do it - prove me wrong.
- tidepod12 6y ago
  >Even at $7000/month income that leaves "thousands" left over but that is a fucked ratio of expenses. You shouldn't be spending close to 50% of your take home on RENT. You will never be able to retire and live the same lifestyle. The general guidance is that 30% of your gross income should be spent on rent. After taxes, that equates to ~40-50% of your take home goes to rent. That's normal for everyone, not just in SF. It is not a "fucked ratio of expenses" at all, and in any case, "thousands" left over after rent is still an extravagant amount of discretionary income. >I don't know how your friend affords a high rise on $140k/yr - maybe you should ask what their rent is and if they're sharing it with someone. I'm not going to dox my friend but I just looked up their building and there are 1br apartments for $3-3.3k/mo, and it is a very nice building/apartment. 3k/mo is easily doable on $140k/yr. >You can't buy a house now with $250k/yr in inner sunset. Go to Zillow and find me a nice house you can afford on $250k/yr and won't be house poor in the end with. Do it - prove me wrong. https://www.zillow.com/homedetails/1345-16th-Ave-APT-7-San-Francisco-CA-94122/2079109757_zpid/ https://www.zillow.com/homedetails/1345-16th-Ave-APT-7-San-F... Literally the first result. Gorgeous 2 bedroom, and at 250k you'd have ~7-8k each month left over after mortgage. 7-8k per month is more money than most people in SF make period, even before paying for their homes. You're not even close to being "poor in the end with it". Also well below the "thirty percent rule" with this condo. https://www.zillow.com/homedetails/1485-11th-Ave-San-Francisco-CA-94122/15105873_zpid/ https://www.zillow.com/homedetails/1485-11th-Ave-San-Francis... Second result. 3 bedrooms, central air, all the amenities. At 250k/yr. At the list price (assuming you can't negotiate lower) with a house note of 5-6k/mo, you are still within the "thirty percent rule" without even stretching your income, and you're still looking at ~6k+ in discretionary spending after paying the house note. https://www.zillow.com/homedetails/717-Kirkham-St-San-Francisco-CA-94122/241586139_zpid/ https://www.zillow.com/homedetails/717-Kirkham-St-San-Franci... 3 bed, 3 bath condo. All the amenities. At 250k/yr, this condo would put you at slightly above the thirty percent rule which isn't wise depending on how much you want to be able to save for retirement, but still doable without worrying about money, and certainly still not even close to worrying about being "poor". And these are three that I picked off of Zillow in literally 10 minutes without any further research. With any actual effort and talking to an agent, the prices and options would likely be even better.

bradlys 6y ago

You're going to have to show listings. Last time, people were posting spam postings they found on Craigslist. If you want an apartment - you can find 1-bedroom "luxury" apartments (also known as normal apartments outside the bay area) for about $3300-4000/month. Even at $7000/month income that leaves "thousands" left over but that is a fucked ratio of expenses. You shouldn't be spending close to 50% of your take home on RENT. You will never be able to retire and live the same lifestyle. If you want a house, you're not finding a nice house (3+ bedrooms, central air, etc.) and in a nice neighborhood (San Carlos, Hillsborough, Palo Alto, Los Altos, Los Gatos, Menlo Park, etc.) for $4000-5000. I'd love to see the listings... I don't even bother with SF because the prices are even more outlandish for nice neighborhoods. Familiar with the city and actually paying rent here are different. I've had coworkers who lived with their parents who are wildly out of tune with how much it costs to rent a place. I don't know how your friend affords a high rise on $140k/yr - maybe you should ask what their rent is and if they're sharing it with someone. You can't buy a house now with $250k/yr in inner sunset. Go to Zillow and find me a nice house you can afford on $250k/yr and won't be house poor in the end with. Do it - prove me wrong.

tidepod12 6y ago
>Even at $7000/month income that leaves "thousands" left over but that is a fucked ratio of expenses. You shouldn't be spending close to 50% of your take home on RENT. You will never be able to retire and live the same lifestyle. The general guidance is that 30% of your gross income should be spent on rent. After taxes, that equates to ~40-50% of your take home goes to rent. That's normal for everyone, not just in SF. It is not a "fucked ratio of expenses" at all, and in any case, "thousands" left over after rent is still an extravagant amount of discretionary income. >I don't know how your friend affords a high rise on $140k/yr - maybe you should ask what their rent is and if they're sharing it with someone. I'm not going to dox my friend but I just looked up their building and there are 1br apartments for $3-3.3k/mo, and it is a very nice building/apartment. 3k/mo is easily doable on $140k/yr. >You can't buy a house now with $250k/yr in inner sunset. Go to Zillow and find me a nice house you can afford on $250k/yr and won't be house poor in the end with. Do it - prove me wrong. https://www.zillow.com/homedetails/1345-16th-Ave-APT-7-San-Francisco-CA-94122/2079109757_zpid/ https://www.zillow.com/homedetails/1345-16th-Ave-APT-7-San-F... Literally the first result. Gorgeous 2 bedroom, and at 250k you'd have ~7-8k each month left over after mortgage. 7-8k per month is more money than most people in SF make period, even before paying for their homes. You're not even close to being "poor in the end with it". Also well below the "thirty percent rule" with this condo. https://www.zillow.com/homedetails/1485-11th-Ave-San-Francisco-CA-94122/15105873_zpid/ https://www.zillow.com/homedetails/1485-11th-Ave-San-Francis... Second result. 3 bedrooms, central air, all the amenities. At 250k/yr. At the list price (assuming you can't negotiate lower) with a house note of 5-6k/mo, you are still within the "thirty percent rule" without even stretching your income, and you're still looking at ~6k+ in discretionary spending after paying the house note. https://www.zillow.com/homedetails/717-Kirkham-St-San-Francisco-CA-94122/241586139_zpid/ https://www.zillow.com/homedetails/717-Kirkham-St-San-Franci... 3 bed, 3 bath condo. All the amenities. At 250k/yr, this condo would put you at slightly above the thirty percent rule which isn't wise depending on how much you want to be able to save for retirement, but still doable without worrying about money, and certainly still not even close to worrying about being "poor". And these are three that I picked off of Zillow in literally 10 minutes without any further research. With any actual effort and talking to an agent, the prices and options would likely be even better.