|
|
| *Travel Tips>>>San Francisco Travel Tips |
What makes San Fransico so expensive to live there? |
Travel Info I heard even lower middle class people being homeless as a result or was it because of the dot.com boom Travel Tips It is sad but very true that the dot.com (internet) boom in Silicon Valley drove the prices of rent sky high in San Francisco. I was there though when it crashed and stayed as I saw moving vans come every month to take people out and away from the city. Everyone predicted that rent would come down, but it NEVER did. Why? I think these landloards and property owners got so used to receiving these insane rent prices that the life they created for themselves could not be changed. It was so sad because I read one of the answers here and the person said, basic supply and demand. If that were true then why are there so many vacancies? Vacancies appeared more and more all over the city and they were not rented because the cost was simply still too high for people to pay. And the dumb landloards would rather have these places sit empty than lower rents to get someone in there. I understand San Francisco is probably the most beuatiful of all American cities to live and work in, but the reality is, the cost of living there does not match the normal work wages people are living on there. You have to have a serious career salaried job just to survive. If not, then you will have several roommates or live in something you really do not expect to pay as much as you end up paying. I had a one bedroom near the castro and it was very small for $1,400 a month. The best rent I ever had while there was sharing a home with 4 other guys in Twin Peaks for $800 a month. Source(s): lived in San Francisco from 2000-2005 Other Travel Tips If it's anything like Seattle, it's due to the extremely high prices of housing. My apartments are going condo, and my 2-bedroom 2-bath unit was offered to me for $274,000!!! This isn't much of an apartment, much less a condo. Very ordinary houses here commonly go for a half-million dollars, and I've heard the situation is pretty much the same in SF from friends who live there. I'm MOVING!! IF YOUVE BEEN THERE THAN U SHOULD KNOW,,,THA SCO GO!!!!!!! When it comes to the San Francisco rental market the simple law of supply and demand applies 鈥?San Francisco is a highly desirable place to live where many people compete for few units. Toward the end of the decade, a booming local economy and an already low supply of rental housing meant available apartments were scarce. High-tech jobs and the perception of an upscale lifestyle lured a flood of newcomers to the Bay Area, straining the already tight rental market. Purchase prices for a home remain out of reach for most (almost two-thirds of the households in San Francisco rent). |
| Tags |
| Phoenix Portland Sacramento San Antonio San Diego San Francisco San Jose Seattle St. Louis Washington, D.C. General - United States |
Travel Info Categories--Copyright/IP Policy--Contact Webmaster |