San Francisco Niketalkers, is this really how you guys are living?

DMan14 said:
those making 100k are already struggling to keep up with the wealthy. there's still those guys making 200k that will pay for it. until the bubble bursts completely, there are still a lot of folks willing to pay these prices. i do see it starting to slow down. work in the mission and a lot of these smaller tech companies are starting to slow down
heck, even twitter is trying to lease out all that office space in their big HQ
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Zynga is another app developer struggling, only places on the up and up consistently are cafes and food spots.
 
DMan14 said:
those making 100k are already struggling to keep up with the wealthy. there's still those guys making 200k that will pay for it. until the bubble bursts completely, there are still a lot of folks willing to pay these prices. i do see it starting to slow down. work in the mission and a lot of these smaller tech companies are starting to slow down
heck, even twitter is trying to lease out all that office space in their big HQ
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http://news.theregistrysf.com/san-f...offering-move-incentives-tenant-demand-slows/

Its already begun man.

“It’s a relatively recent phenomenon,” said Patrick Carlisle, chief market analyst for the San Francisco-based Paragon Real Estate Group. “It is unusual” given that the city’s apartment market has seen “frenzied demand” over the last few years. But as that demand—though still strong—has eased up partly because of a hiring slowdown, apartments have started to offer incentives to prospective tenants such as a rent-free month.
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Spectacular23 said:
Can't even fap in peace if you ive like that
mean.gif
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Fap sessions.
DaNiKeRhiNo said:
Zynga is another app developer struggling, only places on the up and up consistently are cafes and food spots.
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I'm surprised Zynga is still around.
 
a blinkin said:
You can literally get a loft with floor to ceiling windows, hardwood floors, etc. in the heart of Atlanta for about $1500/month (if that). Google skyhouse Atlanta for an example of what I'm talking about.
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This was the main driver I tried to move to ATL or Dallas/Htown a couple years ago. I figure $80k would be cool as a single with no debt.

The Bay is wild expensive. I talk to a lot of tech folks who came down to SoCal from the Bay and it's interesting. Almost like the geeks vs jocks aspect.

Silicon Beach is becoming the same down here. My friends who are teachers, in their 30s, can't even afford to live alone in certain parts.

This new apartment was being build in the Bay. I think it's more than half filled at the time I got the flyer 2 months or so back. Posting via mobile so may have to open in new tab to see.

View media item 2167456
 
Moved back to SF almost 4 years ago and yeah I make about $60-65k ish in the city and am considered Low income no joke, Anything under $75k in SF is considered low income.  We live in a cool loft in the Dogpatch and have a good rate locked in from over 3 years ago and my daughter's mother I live with makes about 3 times my income but things are going to be interesting now.  She wants to stay in the bay but move to rent a house in Sunnyvale.  I'm pushing to either move to the Phoenix Metro area, Seattle or Austin
 
ATLsFinest said:
I can definitely see the real estate bubble bursting in the Bay Area in the coming years. People never learn. They assume this type of economic growth will continue into into perpetuity and it won't. Once the growth stops who are they gonna sell their $4,000/month 1BRs to?
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I agree but it still could be some time when it happens. I want to buy a house but man, it feels so bad to know that this bubble will burst but I just don't think I can wait that long. My biggest regret would to be to buy now and only to have to live in an area that I don't want to and not being able to sell it to get my money back.

DMan14 said:
yep. kids just want to live in "the city"
it's a bunch of folks in their 20s trying to get their "FRIENDS" on
went back to a chick's place and she was staying in a closet and it felt weird "hanging out" btw, this lady was 30 :x
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Pretty much. Younger generation are living in the now and not living for the later. They want to live in the city and enjoy the benefits of it whether it be eating, drinking, hanging out, etc. Quality of life is so important because I assume they all don't want to regret not living it up in the now and I am sure they all think they will be making this kind of money in the near and far future.

Gentrification said:
Lol these aren't even hipsters. Hipsters died in 2011. I wouldn't even consider what I see hipsters. Hipsters don't work in tech. Let's not forget sf was like this before. And then boooom. Everyone bounced. Sf in the early 2000s was a semi ghost town. We shall see.
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I hate to say it but these tech guys are far worse than the hipsters. I don't speak for all of them but man, some of these young tech people seem very entitled as if they are "old money" or something. This is where gentrification just pisses me off cause these are the guys that think this is what is best for the city when their opinion is so subjective and one sided.
 
millenial said:
Moved back to SF almost 4 years ago and yeah I make about $60-65k ish in the city and am considered Low income no joke, Anything under $75k in SF is considered low income.  We live in a cool loft in the Dogpatch and have a good rate locked in from over 3 years ago and my daughter's mother I live with makes about 3 times my income but things are going to be interesting now.  She wants to stay in the bay but move to rent a house in Sunnyvale.  I'm pushing to either move to the Phoenix Metro area, Seattle or Austin
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Crazy how 3 years ago makes such a difference. My homie has a place in the Dogpatch as well about 3 years ago. Got it for $650K for a one bedroom which I thought was insane and HOA is $600 too. He's going to flip it soon for $1.2M or higher and he's going to buy a place in Saratoga, CA.

Renting is a good idea though. Seattle won't get you that much more but Portland for sure you can see a difference in your money.
 
As much as I love the West Coast (lived in PNW/Bay Area since 2013), I'm 100% sure that when it's time for me to settle down and have a family I'll be moving back to Atlanta. While I'm young and single renting is cool but once I have a wife, kids, dog, etc. I know I'm gonna want a house and I'm not about to pay $1 million for a shack like people do in the bay.
 
Mr Fongstarr said:
Crazy how 3 years ago makes such a difference. My homie has a place in the Dogpatch as well about 3 years ago. Got it for $650K for a one bedroom which I thought was insane and HOA is $600 too. He's going to flip it soon for $1.2M or higher and he's going to buy a place in Saratoga, CA.

Renting is a good idea though. Seattle won't get you that much more but Portland for sure you can see a difference in your money.
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millenial said:
Moved back to SF almost 4 years ago and yeah I make about $60-65k ish in the city and am considered Low income no joke, Anything under $75k in SF is considered low income.  We live in a cool loft in the Dogpatch and have a good rate locked in from over 3 years ago and my daughter's mother I live with makes about 3 times my income but things are going to be interesting now.  She wants to stay in the bay but move to rent a house in Sunnyvale.  I'm pushing to either move to the Phoenix Metro area, Seattle or Austin
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Seattle is getting expensive too man. It's not Bay Area bad (and it won't ever get to that stage) but prices are going up and traffic is getting bad. Also, that weather bruh. Summer in Seattle is beautiful; sun is out til 9:30 pm and its gets hot but not too hot. The other 9 months of the year are hot garbage consisting of rainy, gloomy days for weeks on end. There was a month long stretch where I didn't see the sun at all. not once.
 
ATLsFinest said:
Seattle is getting expensive too man. It's not Bay Area bad (and it won't ever get to that stage) but prices are going up and traffic is getting bad. Also, that weather bruh. Summer in Seattle is beautiful; sun is out til 9:30 pm and its gets hot but not too hot. The other 9 months of the year are hot garbage consisting of rainy, gloomy days for weeks on end. There was a month long stretch where I didn't see the sun at all. not once.
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Welp, I better tell my wife that now. Her dreams will be crushed lol.
 
Lol they are literally putting 21 new highrises in what was once a sleepy mall parking lot here in vancouvers suburbs by my crib. If you reserved a year ago and put money down you could have gotten a 1 br 1500 sq ft unit for like 350,000 canadian. First 2 buildings sold out and they havent even dug the hole for the foundations yet.
You couldnt find a hipster if you tried.
Rec centers are overflowing, anything that was once niche has a huge line, every parking lot is now a tight squeeze underground, festivals or fairs( dont even bother).
The only way to get anything done is to now go to run down old places that females hate.
Old theatres, malls, gyms....but even their days are numbered.
Im white flighting on house prices and people density...not because i dislike being around other cultures
 
Fozzy Badfeet said:
Welp, I better tell my wife that now. Her dreams will be crushed lol.
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Don't get me wrong I enjoyed my time in the PNW but as someone coming from the South that weather definitely got to me. Like I mentioned, the sun sets super late during the summer but the flipside of that is the sun sets super early in the fall/winter. Like 4:30 in the afternoon early. I would go to work (around 8 am) and its dark and leave work at 5pm and its dark. Add that to the fact that its gloomy all weekend and you'll see why people get depressed out there.
 
I live 20 minutes south of San Francisco, and I pay $2550 for a 3 bedroom, 2 bathroom house.  There is no way I can afford to live in San Francisco.  I am content, but am frustrated knowing that I will never be able to afford to own a home in this area that I am living....where as if I made the amount of money I make in another city, I would have owned a house a decade ago.
 
ATLsFinest said:
Seattle is getting expensive too man. It's not Bay Area bad (and it won't ever get to that stage) but prices are going up and traffic is getting bad. Also, that weather bruh. Summer in Seattle is beautiful; sun is out til 9:30 pm and its gets hot but not too hot. The other 9 months of the year are hot garbage consisting of rainy, gloomy days for weeks on end. There was a month long stretch where I didn't see the sun at all. not once.
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^ i'd be gone if i didnt have rent control. lot of my friends (teachers, artists, some working in fin/tech) moved away. just too expensive and there was no way they could afford a home or start a family out here

my buddy got a house in the city near CCSF for about 500k in 09
he's thinking about flipping it and getting out of the city. prob can get a million for it
 

It doesn't get super cold. You'll see days in the 30s and some in the 20s but it rarely snows (think a day or two every couple years). It's not definitely not Boston/NY/DC cold.
 
dland24 said:
I live 20 minutes south of San Francisco, and I pay $2550 for a 3 bedroom, 2 bathroom house.  There is no way I can afford to live in San Francisco.  I am content, but am frustrated knowing that I will never be able to afford to own a home in this area that I am living....where as if I made the amount of money I make in another city, I would have owned a house a decade ago.
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Are you married? Do you have mobility with your job? Is so GO! I recommend Atlanta, Denver, Austin, Jacksonville.
 
With everyone recommending moving to ATL, Florida and Texas, the entire US will be living there in no time
 
krazy88s said:
With everyone recommending moving to ATL, Florida and Texas, the entire US will be living there in no time
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In less than 15 years, DFW and Houstons cost of living will no longer look as attractive, it's starting to happen already.
 
ATLsFinest said:
Seattle is getting expensive too man. It's not Bay Area bad (and it won't ever get to that stage) but prices are going up and traffic is getting bad. Also, that weather bruh. Summer in Seattle is beautiful; sun is out til 9:30 pm and its gets hot but not too hot. The other 9 months of the year are hot garbage consisting of rainy, gloomy days for weeks on end. There was a month long stretch where I didn't see the sun at all. not once.
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My Uber driver told me that when I was in Seattle a couple of weeks ago. He said it's not just the rain that kills you but the grey clouds. He said it was grey for almost 30 days straight. Oddly he said when it is raining or what not, everyone is out and in bars, restaurants, etc cause no can be outside but still want to do something. I guess I went at a good time cause the two days I was there, it was nice and sunny. It made the city there feel really nice and safe.
 
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