Sunday, March 27, 2016

Less is A Lot More Money - San Francisco Housing

source: youtube
San Francisco SOMA studio loft apartment
Apartments like the one pictured above can usually be found in big cities where space is a premium such as Tokyo, New York, Paris, Moscow, London, Hong Kong, and where I live, San Francisco.

The unnamed apartment complex is located in the SOMA (South of Market) neighborhood. Rents begin at $1500 with 441 square feet of living space. In another pricey city like New York, that'd be considered a bargain.

Currently, the median rent for a studio in San Francisco is about $2700 (source: RentJungle). One-bedrooms, $3096. The first studio apartment (1983) I rented in the Outer Sunset was $350.

Fortunately, the rent for the 1300 square foot, 2-bedroom, 2-bath house I currently share with 1 other person in San Francisco's Lakeside neighborhood is about equal to the median rent for a 1-bedroom. As it is not eligible for rent control, how long it stays reasonable is another story.

In case you're wondering: no, I won't move out of San Francisco.

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