5 ms·
Not quite. Demand is going up faster than supply. Add in rent control and other local oddities, and you get some absurd situations, ike perfectly qualified peop
by aristus 11y ago
Not quite. Demand is going up faster than supply. Add in rent control and other local oddities, and you get some absurd situations, ike perfectly qualified people leaving the area.
My rent is about 40% of the going rate for the identical apartment above mine. This has several consequences. I literally cannot afford to move. For another, it would be difficult to fit another child in the place we have, so we're not having one. And it's more difficult to hire people from outside the area because they can't find affordable places to live.
- drostie 11y agoThis is a serious problem for me: I want to move to the Bay Area, but it seems like the up-front moving costs and rent will be too prohibitive even if after a few months they settle down to a net profitability. I just don't have $10k+ in the bank to act as an acceptable safety net for the rent, security deposit, moving fees, tickets, etc. I'd try to do a van-plus-PO-Box-plus-health-club situation but my girlfriend would probably never go for it.
- dragonwriter 11y ago> This is a serious problem for me: I want to move to the Bay Area, but it seems like the up-front moving costs and rent will be too prohibitive even if after a few months they settle down to a net profitability. There are more affordable places (still expensive, but less so than SF/Silicon Valley) within reasonable commute distance of the core of the Bay Area. If you've got good bay area job prospects, you might consider initially living on the peripheries until you can build up a cushion that lets you move further into the core.
- sjg007 11y agoFind a job that pays relocation. A lot also have corp apartments that you can stay in for a few months as well.
- deleted 11y ago[deleted]
- dragonwriter 11y agoBoth relocation payments and corporate apartments are things that are within the bounds of reality. I've know firms that do each, I've know people that have received relocation with new jobs as recently as this year. They may be relatively uncommon. They may not be offered by the companies you are interested in. They may not be things that people you know have received and told you about. But they are definitely not "beyond the bounds of reality".
- yo-code-sucks 11y agoMove to Tracy or Livermore and drive to the Bart station in Dublin to get into the Bay Area.
- malandrew 11y agoThe "forget having a kid" in San Francisco thing is a serious issue. If you have rent control, great. But if in 5-10 years you want to have a family, it's not like you're going to be able to move to an apartment whose price is equal to: ((current rent under rent control from 10 years ago)/(current number of rooms))(current number of rooms + 1) Instead it's going to be: (current number of rooms + 1)(current rent per room in SF when you decide to move) In other words, if you don't lock in an extra room now and sublet it until you decide to start a family, then you're shit out of luck.