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I don't think the market will bear that price. In NYC or DC the market wouldn't bear that price. And frankly Berkeley, while nice, is no SF, NYC or DC. The con
by pwthornton 15y ago
I don't think the market will bear that price. In NYC or DC the market wouldn't bear that price. And frankly Berkeley, while nice, is no SF, NYC or DC.
The concept of this place isn't bad. Many will decry the lack of space, but the concept is just a place to sleep and get ready in the morning. If the price were right (say $500 or so), it could be a nice way to live in a great part of town without spending a ton of money. One of the joys of urban living is that the city is your extra rooms. You don't need thousands of square feet and a huge yard.
And if this place were $500 or so, you would have plenty of cash to go out and enjoy the city on a daily basis. But at $1,600 a month, only someone with a lot of money could afford to live there and enjoy the city a lot, which I think defeats the purpose of this kind of living arrangement. $1,600 would get you at least a studio in a very nice part of DC.
100 years ago, it was common for people to live in apartments that didn't have kitchens. You ate in the cafe on the first floor of your building. You could get away with a much smaller place by living this way. I think the concept makes a lot of sense still for people who don't want to take care of a home, but the price has to be right.
- Eliezer 15y agoAt $2/sqft, people would be snapping these up by the dozens just for crash space. At $10/sqft it's a ludicrously bad deal. This seems so obviously doomed that I wonder if the article is a misprint.
- bane 15y agoParticularly considering that one of the main marketing thrusts is how cheap these places are to build. It's be hard not to feel like your getting shafted at $1600/mo.
- bane 15y agonod for $500 a month, it might be worth it to rent it to shorten commute during the weekdays (or a place to crash after partying on weekends), then live the weekends and the rest of the time further out from the city where $1600 might even get you a 2 br apartment.