The San Francisco Rent Explosion Part III
J Thoendell stashed this in Home
For some context, if you make $100,000 per year, a three bedroom in San Francisco would eat up 100% of your post-tax salary. So, if you want to live in San Francisco, you can forget about having kids (AKA “roommates who stiff you on the rent each month”), or even about having a profession that’s only modestly lucrative.
Over the last 4 years, prices have dramatically increased in San Francisco. From 2011 to 2015, the median price of an apartment in the city has increased 50% from $2,595 to $3,880.
Holy hell this stinks!
1 bedroom in Pacific Heights is $3800/mo?! Geez!
The article does not mention Oakland, which has skyrocketed this year.
Not to mention South Bay where we have no rent control.