You are viewing a single comment's thread.

view the rest of the comments →

1
4

[–] badp4nd4 1 point 4 points (+5|-1) ago 

If you can't afford to live in San Francisco, don't live there. Plenty of other cities have openings for software engineers. This is basically someone who has decided to live beyond their means and complain about it.

0
6

[–] NorsteinBekkler 0 points 6 points (+6|-0) ago 

San Francisco resident here. Part of the problem is that rising rent trend is spreading across the entire Bay Area, especially anywhere connected to BART. The proverbial rich techie can move, but lower income people are fucked on multiple levels. The entire region is becoming unaffordable, and probably only another serious real estate crash will start to turn it back.

0
2

[–] badp4nd4 0 points 2 points (+2|-0) ago 

It's extreme gentrification. As long as there are people who can pay the high rents, there is no incentive to lower them. My friend in San Jose pays 2,400/m for a 1 bedroom apartment barely 900sq. It's a nice spot but not luxury by any means.

But the pay in San Jose is 50k more than the pay in Los Angeles or San Diego. Just a trade off, tech companies need tech people so they pay inflated salaries to allow their workers to live in the area.

Now if you don't work in tech or similar and make that tech money, you are definitely in for a rough time. Fortunately there are countless cities within a 100$ flight that are extremely cheap to live, hell, you can even live in Oakland if you prefer to stay in the area.

If rent costs more than 1/3rd of your income, you can no longer afford to live there and need to consider moving.

0
1

[–] spunker88 0 points 1 point (+1|-0) ago 

I wouldn't be surprised if we see an social network/app bubble in the next 5 years similar to the dot-com bubble of the early 2000s. The recent Twitter layoffs could be a sign of things to come.

0
0

[–] weezkitty ago 

Some of those prices really aren't that bad unless you are working a very low paying job.

Obviously $3500 is way too much but $1200-1500 should be manageable.