This is insane. Even with these tech companies, you still need people with everyday jobs for society to function.

@christopherscheiber1439

2 жыл бұрын

" people with every day jobs" are slowly being pushed into homelessness.

@goldenstatew2399

2 жыл бұрын

Yeah they think doordash is going to walk their food themselves to their tech door lmao

@MyFrenchInvestor

2 жыл бұрын

This is very sad to watch what is going on in the Bay Area!

@larasingg

2 жыл бұрын

@@goldenstatew2399 It's self-driving and robot delivery. Last I checked yes these do walk the food to their tech doors and its almost done being developed...

@goldenstatew2399

2 жыл бұрын

@@larasingg closest thing u got is a drone dropping yo chipotle in the sidewalk lmaooo goodluck. 😂😂😂😂😂😂

You pay a million dollars for a closet with the best views of drug addicts and pimps

@jntj3007

2 жыл бұрын

@Adventure West Yep.

@guerrahp5180

2 жыл бұрын

The price is based on the willing.

@djinka7810

2 жыл бұрын

Just say your an out of Towner and CANNOT AFFORD IT

@daviddong9916

2 жыл бұрын

Picky people chose that lifestyle. I only spend 2% of my income to rent my current bedroom with private bath 25 mins from downtown SF

@Marlene5018

2 жыл бұрын

That’s sadly true 🤣

As someone who used to live in the Bay Area, I don't know anyone who lived comfortably there.

@user-pv3rl2lv4p

2 жыл бұрын

Facts. Most people are just making it paycheck to paycheck

@silentvoiceinthedark5665

2 жыл бұрын

I am sure political people with their body guards live very comfortably

@davbhard

2 жыл бұрын

My family used to live comfortably here in CA back in the 80s and 90s. Right now, I am not rich or anything, but we aren't living paycheck to paycheck. That's primarily because the house my wife and our family lives in, was bought and paid for in the early 80s, by my wife's father. If we didn't own our home, we would be paying more every month, and likely couldn't afford a place for us and our kids. My parents lived here in the bay forever. But they had to move to Arizona, after they retired, because day to day life is pretty much impossible on a fixed income here. I doubt My family will stay in CA forever. It just will not last here. I see CA becoming a ghost town in 25-50 years, because people will want to come here for jobs, but then won't be able to keep living here when they are done working.

@tiffaneytheenchanted953

2 жыл бұрын

I lived comfortably...back in '85, but I was 8, so...🤷🏽‍♀️

@michaelrmurphy2734

2 жыл бұрын

@@davbhard The same here where I live. After Dad died my brother got the house. He and his wife and kids live there now and he had enough to buy the other family house down the street. Two blocks over from the house our cousin and his wife live in. Three generations in our family house. That my father paid LESS than $20,000 to buy!!! In the 1950s. There is a downside to a booming economy.

I've lived in the Bay Area for over 50 years. I can honestly say that it is at it worst as of now. When I was a kid in San Francisco, there were no homeless. Houses in middle class neighborhoods were $50,000-$80,000 and in the Sunset district houses were around $100,000. You could make $50,000 for a family of 4 and still afford a house, a new car, and have enough left over for entertainment. Today, you need to make $300,000 for a family of 1 to get a somewhat descent apartment in a middle class neighborhood. This still won't qualify you to buy a house. And thats if you can find one for sale since San Francisco has nothing to buy. When a house does go up on the market, it usually sales within 2 weeks at an inflated and overbidded price that might be $100,000 more than the asking price. If you don't have to live here, then don't even bother. Its a homeless factory. The jobs pay good, but not good enough to buy anything. Its like that from San Francisco to San Jose. Everything is between $1,000,000 and 40,000,000. Not joking.

@vision-gc4hy

2 жыл бұрын

There were homeless 50 years ago. Back then we called them bums. They generally were alcoholics. Back then we called them winos. They weren't strung out on all the powerful levels of narcotics that's out there today. Pure poison now destroying their minds. They would stay in the SRO hotels in the Tenderloin.

@obijuankenobi420

2 жыл бұрын

50 years ago San Francisco was known for the homeless population.......you obviously didn't live or grow up there.

@shawnsereal

2 жыл бұрын

Born and raised in San Francisco (DUH) But 50 years ago, I was just a little kid in grammar school, so how would I know anything about homeless. I lived in a house.

@vision-gc4hy

2 жыл бұрын

@@obijuankenobi420 The Tenderloin always had "homeless" people. NOBODY called them homeless. That wasn't a term back then. 50 years ago was 1972. It wasn't on "anyone's" radar. It was in the 80's where it started to escalate. You may have grown up in SF but you don't know what you're talking about.

@obijuankenobi420

2 жыл бұрын

@@vision-gc4hy You think the TL was the only place that had homeless ? You dont know what you're talking about.

It doesn't sound healthy when only tech workers can afford to live in the Bay Area. All of the other types of workers need to do long commutes, which increases traffic congestion.

@kamakanani0

2 жыл бұрын

Facts I just added to that congestion I use to live in Alameda and commute to Oakland for work. My wife and I bought a 2 bed 1 bath condo for 349k in East end of Vallejo now commute is 40-60 min when it use to be like 12 minutes on a backroad lol

@NissanSkylineVR30

2 жыл бұрын

Its not. But that's the pathetic shit. These tech workers and tech companies have no idea the issues they are causing. Even physicians are getting priced out. When you have essential workers, like literally workers that are the backbone of the country, having to do 1-3 hour commutes because their jobs can't be done remote, that's going to cause an issue in the Bay Area.

@PostprandialTorpor

2 жыл бұрын

@@NissanSkylineVR30 sf healthcare worker here. Yep, live in a Walnut Creek apartment and commute is an hour if I’m lucky by car, 90 minutes by BART. Best thing the pandemic did was enable work from home for all the tech workers so essential workers don’t have as much traffic to deal with … but even that is returning normal now.

@mocheen4837

2 жыл бұрын

I know people driving 2 hours each way just to work in San Francisco. I hate the traffic here and the drivers are so rude. Just because you signal does not mean cut in front of the person.

@kamakanani0

2 жыл бұрын

@@mocheen4837 right lol it's like where are you going no ones moving any faster lol. I take 780 to 680 to 24 on the way to Oakland Airport traffic is ridiculous for no reason too lol

Went to school in the Bay Area but moved to the Sacramento area in July 2013. Best decision ever! My wife and I are in our mid-30s and we paid off our home last year. We purchased our 4 bed, 2 bath home in 2013 for $188k.

@DudeNamedAdi

2 жыл бұрын

2013 a great time to buy. Congrats!

@philsipad

2 жыл бұрын

Paying off a house in eight years is not for everyone when mortgage rate is so low it's practically free money. I bought my current house five years ago and only put 20% down even though I could pay cash. I tripled my money on that other 80% by letting it stay with my investments.

@petermcguire4769

2 жыл бұрын

Bought a house in Sacramento in 2001. Sold it and stupidly moved back to the Bay area due to lack of employment options. Now I'm making minimum wage and will probably never be able to buy another house in California.

@shawnsereal

2 жыл бұрын

Sacramento Area is probably one of the most affordable places in Northern California to live. Especially the Elk Grove area. The closer to the Bay, the more you pay. In the next 20 years, it going to be RICH only and no such thing as middle class. Total Gentrification.

@petermcguire4769

2 жыл бұрын

@@shawnsereal Elk Grove is exactly where I bought the house. Then moved downtown, then near Sac State, then back to the bay

Part of me believes that the housing market is nuts and the appreciation is unsustainable. But part of me knows this has been the story of the Bay area my entire life. I remain unconvinced that anything will change for the better.

@guerrahp5180

2 жыл бұрын

The breaking point is near.

@taoliu3949

2 жыл бұрын

Things are changing. The RHNA recently has been reformed to actually give it reinforcement powers to require cities/counties to construct sufficient housing.

@emceeunderdogrising

2 жыл бұрын

Not my entire life. Nor my mother's. Nor my father's. Nor my grandmother. Nor my great grandparents. Things were far more affordable in the early 2000s.

@ladder3257

2 жыл бұрын

It’s up to us

@lilbench5834

2 жыл бұрын

Yea Things definitely wont change for the better. is Involved And Housing in as a Business these days not a Place to live

In other words my kids will never move out.

@user-pv3rl2lv4p

2 жыл бұрын

Exactly, you should move to another state so your kids can get a leg up in the world. It’s almost unfair if you don’t

@rickycardenas5154

2 жыл бұрын

29 year old still living at home 👋, disheartened bc if my parents ever sell I won't be able to live here comfortably on my own

@Idontwantachannel67

2 жыл бұрын

Surprise! 🙌

@kombaster9398

2 жыл бұрын

If you have large backyard,no need to worry so much.Walmart offer good and wide tents.You will preserve the whole family close.

@Marlene5018

2 жыл бұрын

@@kombaster9398 🤣😂I’m sure that my kids would ask me to move to the tents 🏕 instead they …

I do like how he’s trying to bring attention to it breaking down how insane it is and how healthy of an income u can have and you still can’t afford housing.

What a great segment. The breakdown presented shocked me but after thinking about the fact that a 1 bedroom condo costs about $600,000 to purchase, and not taking into consideration a $600 monthly HOA fee, I definitely think people are being priced out. There is such a large amount of people who don’t work for tech companies who don’t have stock options available to then use for a down payment. Something definitely has to change.

@vision-gc4hy

2 жыл бұрын

Everybody is trying to live in the same place. When I moved to the Bay, I had roommates. That allowed me to split costs and save up money. There's nothing wrong with buying a house in East Oakland/Hayward. Anywhere on a BART line. Even Stockton. You can still get to your job. People get frightened by these kinds of reports, but there is always a way if you're flexible.

@joeknowme7968

2 жыл бұрын

My brother moved to Utah and he pays $1,200 mortgage for a 1 acre 8 bedroom 4 bathroom a pool and always has money & time during the week to go fishing off-roading. Meanwhile I have 2 jobs and can’t afford to go out on the weekend.

@jasonpark1556

2 жыл бұрын

People aren't being priced out,the people that move there make more money and the people don't move somewhere else

@jasonpark1556

2 жыл бұрын

@@joeknowme7968 what city, I need to check it out

@jifa17

Жыл бұрын

@@vision-gc4hy By flexible you mean be ready to suffer on the long commute everyday

300K per year, and they still expect people to work happily at McDonalds and other service sector jobs lol

@OGFrylock

2 жыл бұрын

Who's "they"?

@Sal-rp3gy

2 жыл бұрын

@@OGFrylock Gen Z

@OGFrylock

2 жыл бұрын

@@Sal-rp3gy gen z expects that???

@ITech2005

2 жыл бұрын

@@OGFrylock The wealthy demographic in the bay area along with the business owners cranking out low wage jobs and then acting like victims because noone wants to take them.

@dd032894

2 жыл бұрын

Pretty soon the motivation to live will be gone

"It's the price we pay of our success here in the bay area" No, it's the price you pay when you allow NIMBYs to block every single fucking attempt to build more housing units, which restricts supply, and makes prices go higher. I'm so tired of people acting like this is some magical unfixable problem. The problem is most of the limited land is zoned for single family homes with big lawns. Cities like Seoul, Korea have 3x the population of the bay area and LESS land to build on, yet somehow manage to keep rents stable. Maybe it has something to do with the fact that supply is allowed to keep up with demand. There is plenty of room in the bay area to house everyone if you stop forcing most of the land to be grass.

@fionax9741

2 жыл бұрын

Exactly!

@donutchoi

2 жыл бұрын

Seoul? Rent stable? Not really. Condos there cost $1m and up. Condos; not houses.

@WhatIsThis-zq4hk

2 жыл бұрын

@@donutchoi Yes, rent is stable. You just gave the sale price not the rent price.

@williamryan7403

2 жыл бұрын

It isn't nimbys that are the issue. It's international wealth funds,East Coast and foriegn investors speculation in housing markets. They control the political system,the zoning,the markets. Speculation in housing markets should be outlawed for obvious reasons.

@AlexChekholko

2 жыл бұрын

@@williamryan7403 You're barking up the wrong tree; the problem is not the "international wealth funds", it's the local Karen down the street who is willing to attend every local city council meeting and object to every single development or rezoning because of "neighborhood character", or "traffic" or "the wrong kind of people" moving in. Or more euphemistically, "not enough affordable housing proposed" or "we need smart growth".

I can’t believe how rich the Bay Area has gotten. It’s crazy. Tech companies have changed the Bay Area forever.

@alejandroaguilar9038

2 жыл бұрын

THATS NOT IT, INFLATED MARKET AND OUTSIDERS BUYING HOUSES

@LChem1

2 жыл бұрын

Expensive but not rich.

My family moved to the Bay Area from Portugal 40 years ago. There are only a few of us left in the area now. This is my family's home in America but it is unattainable for us now. Greed has pushed us out.

@user-ix3yh8yt7r

2 жыл бұрын

Your parents have common sense. They chose a great place to live.

@sfrealestatedealmaker6001

2 жыл бұрын

@ Ricardo “Home” is wherever you and your family are. It’s not a location…

@ricardom.correia8315

2 жыл бұрын

@@sfrealestatedealmaker6001 My family chose this location because it suited us and became a home. Spouting Hallmark card messages doesn't solve societal problems.

I'm a Senior Engineering Manager at a FAANG. My boss, a director, just bought her first house. And she could only afford it because her spouses parents helped out with the down payment, and she got a huge stock payout. A director!!! Just barely affording her first house. I can't even afford a house at my level (I get no help from my parents, you are lucky if you do), and I'm only one level lower. I'll have to wait until my stocks fully vest in another 2 years, and I'll have to pray there isn't another huge spike in costs like there was this year to be able to afford a house, otherwise I'll have to get a 2 bedroom condo instead. What the hell is going on when even high level people in tech can't afford it anymore.

@imobiapp

2 жыл бұрын

Senior engineer manager at FAANG could be earning 500k-600k+ a year, right? Not to mention a director. Honestly it shouldn’t be too hard for you guys.

@Manwhocares4u

2 жыл бұрын

Global housing market

@creavlin

Жыл бұрын

@@imobiapp those people want a mansion not the sub 2M houses we plebs live in

I'm so happy to move from Orange County back to Maine next year! Average home in OC is 900K, while in Maine it's 250K and you actually get a yard!

@Striker50_

2 жыл бұрын

Enjoy the 10 feet of snow and -40 weather

@AdADglgmutShevanel

2 жыл бұрын

@@Striker50_ I already dealt with it for the first 21 years of my life. Plus with global warming it's more like -30 and 8 ft of snow

@ellvtv2314

2 жыл бұрын

@@AdADglgmutShevanel Still sounds miserable

@cathyu.1487

2 жыл бұрын

@@AdADglgmutShevanel LOL! Lived in VT/NH for the past 15 years. Welcome back to New England!

@MrLulzim47

2 жыл бұрын

New England is so much better, you have a yard and it's definitely more affordable. (Generally, compared to other places, depending on where you are) Coming from someone who lives here..

I quit my job a few years ago. I lived in SCruz. A few weeks later my landlord said she was gonna double my rent. I moved to Texas. Now I have a home paid cash. No debt Tons of money. Life is good

@alexnavarro5477

2 жыл бұрын

What part of Texas?

@PInk77W1

2 жыл бұрын

@@alexnavarro5477 Coleman

@alexnavarro5477

2 жыл бұрын

@@PInk77W1 thank you

@thesufficientgatsby

2 жыл бұрын

Thankfully this is illegal as of Jan 2020. The CA tenant protection act, AB 1482, means your rent basically can’t go up by more than 10% per year now. Happy that you’ve found a nice home in Texas though

@PInk77W1

2 жыл бұрын

@@thesufficientgatsby I love CA But CA don’t love me

Scott Budman is absolutely correct. I worked in the Bay Area a few years ago and everyone I met who recently purchased a home there worked in tech and bought their home through selling stock. The “Google effect” they called it. Many have left the Bay Area over the past year but a large percentage of those will also soon return driving prices even higher. Guaranteed.

@Seva896

2 жыл бұрын

I have some doubts about this. I used to live there and didn't like it. Last straw was recent fires. For me, it was a threat to my lungs, for some other friends, well, they were evacuated from their home ten times a season. Sold it afterwards. And it is a quite observable lack of qualified software engineers. Lack of cultural life, lack of females for single male especially, considering gender balance in tech. Entrepreneurs may want to rush there seeking for funding, but engineers can easily stay in a better place for living.

@gweher43

2 жыл бұрын

@@Seva896 can you elaborate about gender balance. Software is the only field in engineering where you have a healthy % of females.

@Seva896

2 жыл бұрын

@@gweher43 that sounds sad. Though other jobs may located in better locations. SF / Bay Area leave you with feeling with the extremely skewed gender balance.

In my opinion, in 2021, if you make less than 200k per year in Bay area, you should consider yourself a low-income.

Thank you for making this series. This is why we got pushed out to the far edges of contra costa from sf and living in Santa Clara for almost 50 years. Even out the market is so crazy we couldn’t afford to re-buy the house we bought 4 years ago.

@angiec8487

2 жыл бұрын

Where in Coco county? We live in Walnut Creek, it’s expensive.

@jeanalexander4101

2 жыл бұрын

@@angiec8487 I loved Walnut Creek and miss Bay Area I grew up in Bay Area. I now live in Idaho. I could not afford to live in Bay Area now. I lived in San Mateo and Foster City

What do people expect? People are still willing to pay high prices to live in Cali. I've lived in TX, NM, CA, and IL and let me tell you that my favorite state by far has been CA. Of course you need more money to enjoy what California has to offer but it is so worth it. I owned a house in TX where my mortgage was as much as my taxes and the house right now isn't worth squat! The neighbors were extremely rude and nosy. The general population was moronic to say the least. Weekends were spent staring at the ceiling as the you see heat waves out your window. No national parks, can't wander around with your dog without cowboy popping out telling you to leave. You get what you pay for.

Tech companies must figure out how to pay for their kids' teachers and daycare workers, university professors, house cleaners, BART operators, supermarket clerks, mall employees, gas station attendants, healthcare staff, gym attendants, and caregivers, etc., etc., etc., when they're old and disabled.

@scotttild

2 жыл бұрын

Do you know how much Bart operators make? They are not poor.

Dad died when I was young. Raised in the projects in West Oakland when it was clean and safe and very segregated. Red lining and drugs destroyed the area. Now the homes are selling for 7 to 900,000. Purchased a home in one of the nearby suburbs in 2011 for 411,000 dollars. I was bitching and complaining about that price. I could easily sale my home right now for 1million plus. These prices are insane.

@tbreeze415

2 жыл бұрын

I am so happy you mentioned red lining. The Bay Area never wants to talk about that and it's disgusting.

@PostprandialTorpor

2 жыл бұрын

@@tbreeze415 agreed. Color of Law was a great book that detailed the redlining in Richmond and the east bay

@cynthiaayers7696

2 жыл бұрын

Then you can give Biden his 40% of your take. Were by doubling your money that you initially invested. 800,000$ walk away cash.

I am a 5th generation Bay Area guy. I was making good money, but only $160K a year in a Union. I moved to Montana in 2016 so my wife doesn’t have to work and we can raise our family in a more traditional way. Will always miss the weather.

@jenniferbond7073

2 жыл бұрын

I fantasize about moving to Montana. Mt husband has. Tech job that he is already approved to do 100% remote, and take his $136k year salary with him. It’s tempting, especially when working 60+ hours a week for my $115k year salary. Good money but I’d like to slow down the treadmill!

@johnklinger943

2 жыл бұрын

@@jenniferbond7073 yeah a lot of people have moved out here the last 2 years. Realestate has doubled. But it’s still cheap if you have a few hundred thousand in savings/equity. But the lack of sunshine and warmth takes some getting used too. The slow pace and the safety and freedom are very appealing!

@HotBoii91

2 жыл бұрын

U miss trash Bay Area cold weather? 😂

@johnklinger943

2 жыл бұрын

@@HotBoii91 I miss the gentle weather. The smell of eucalyptus and flowers year round and the world class variety. If you don’t like the fog or the rain you can drive 1hr and be on another planet with sage and rosemary and brilliant sun. Or snow and gambling! Where I live now, it’s cold 🥶 and quiet and if I want a change of scenery I have to drive 8hrs to Seattle!

@chaosXP3RT

2 жыл бұрын

I make $45,000 a year and live in a decent, but older house. If I lived in California, I would be homeless. I could $50k a year and every day after work, I would have to live in the street. That's unbelievable. Absolutely insane.

It’s difficult because high density housing faces the, “not in my backyard,” excuse in the Bay Area.

@georgevavoulis4758

2 жыл бұрын

Foreign investors with millions $$$ just come into Canadian cities and just buy up everything so when they get overthrown in their countries they just come to Canada

@dakrawnik4208

2 жыл бұрын

That's everywhere.

@mrparts

2 жыл бұрын

activists should forget about trying to up zone single family neighborhoods in the Bay Area. It ain't happening. Existing homeowners will not agree to see their home values go down and no politician will go against the wealthy home owner class.. It's better to focus on building elsewhere.

@matthewbiehl3412

2 жыл бұрын

@mrparts You don’t need activists, just a property owner that is willing to split a house or to build a new owe with multiple units. Sacramento already conditionally killed of single family zoning earlier this year.

@privatezeron

2 жыл бұрын

@@matthewbiehl3412 do you know how much that is impossible? There are zoning permits that happen so even if someone wants to do that, they can't.

Left California in 2013.BEST DECISION I'VE EVER MADE!! Bought my 2bedroom condo in 2020 for 70k 😂🤣😅 my mortgage payment is $300 per month. My stock dividend checks pay my association fees for the year. Electric bill averages 50 bucks a month. Gonna have this place payed off REAL QUICK! Association fees cover water,garbage and heating. When I pay this place off my property taxes and insurance are $89 dollars per month. Nice. Tired of being broke? Move to Minnesota baby! Much love. Peace

@The_M_Files

2 жыл бұрын

Did you buy the condo out there in MN or Cali?

@The_M_Files

2 жыл бұрын

Also how is the weather. I know it snows out there but is it drivable?

@isaacjson

2 жыл бұрын

Cant buy cons for 70k in Cali

@isaacjson

2 жыл бұрын

Cold cold cold

@poodlescone9700

2 жыл бұрын

Not in Minneapolis. Worse hellhole than Portland.

The Bay Area is WAY overpriced. Especially considering *all* of the problems here. High crime. Congestion. _Horrible_ traffic. Everything is a hassle. Earthquake danger.

@MyFrenchInvestor

2 жыл бұрын

Yep, you're right!

@alexlopez5800

2 жыл бұрын

Yeah the crime is horrible. Don't listen to anyone who tells you any different. And if people know this about the bay area. Than why do they still move here?

@valerieneal2747

2 жыл бұрын

AS IF OTHER PLACES DO NOT HAVE CRIME, CONGESTION AND HORRIBLE TRAFFIC AND OTHER PORBLEMS

@thefutureisnowoldman7653

2 жыл бұрын

You forgetting the biggest problem big tech corruption. Big tec owns the Bay area

I left 6 months ago and haven’t looked back. Best financial decision I’ve ever made. The bay will always have a place in my heart but it’s just not the bay I grew up in anymore.

Born and raised in the Silicon Valley, moved to Sacramento in 2020. 6 or 7 years ago this would have made a huge difference. But now, there are so many people who have been pushed out of the bay to surrounding areas that prices are rising everywhere. Planning on moving to Virginia or Georgia. Can’t stand this.

I make six figures and can’t even afford to live in Sacramento today. It’s absolutely obscene.

@user-pv3rl2lv4p

2 жыл бұрын

You should be able to afford an apartment at least

@Mrmudbone_gaming

2 жыл бұрын

@likexbread he doesn’t know how to control his finances that’s why. He’s at a deficit. Spends too much and doesn’t make enough.

@dontbanmebrodontbanme5403

2 жыл бұрын

@@Mrmudbone_gaming Man, you guys are making a lot of assumptions about his finances! Medical issues? Taking care of a sick parent? But no, it's got to immediately be, "THIS GUY IS OUT OF CONTROL!" 😂🤣😂🤣😂🤣

@Playb0ymari

2 жыл бұрын

@likexbread everybody’s situation is different. Still need a car or funds for transportation. May or may not have kids. Everybody’s wallet isn’t the same

@daviddong9916

2 жыл бұрын

No way. I only spend 2% of my income in housing for a large and nice private room 25 mins from downtown SF.

Remote working had lead to insane flux of rental prices in small towns across the country. Since someone who works remotely that makes even $100,000+ can move anywhere, they are moving into rentals way out in the middle of no where and finding competition against each other which is forcing rents to skyrocket all over the country.

@commentor3485

2 жыл бұрын

Companies should lower pay for when tech workers move to cheaper areas. Some smaller cities are seeing huge rental increases.

@AverageCho

2 жыл бұрын

@@commentor3485 The last thing we need are lower salaries and less incentives to live out in the boonies. What we really need are more residential buildings being built to actually meet the demand for housing.

@commentor3485

2 жыл бұрын

@@AverageCho You do realize that its city slickers that are pricing out the rural areas. Look at cities that grew because of remote workers moving in. The locals can't afford to live there anymore. Please stay out of the "boonies".

I make almost $30/hr and can't afford to rent on my own. I have friends making 80k/year and the inly way they're affording to rent is splitting a house with 3 other people. North bay is fucked too don't get it twisted

@sarahtiferet9025

2 жыл бұрын

Hah yeah , Teacher here in South Berkeley = home sick ( probably because Im so run down from Teaching these days } If my son was younger and still liviing with me I could NEVER afford to live and Teach here> As it is I live in 350 sq feet and with " rent control" its still getting close to 1,000 $ per month . I know so many younger Teachers with families who are going to quit and leave the bay area Ive always wondered where the Rich think the Teachers who will be Teaching their children are supposed to live? As it is many Teachers already are driving over an hour to get to school . We are so burnt out as it is..... Do they want working people to be flown here in helicopters from far away places we can actually afford to live?? Greed is destroying our culture in general and its clear especially here = Im from Northern California where there used to be a middle and working class = its hard not to feel bitter

@arirose5887

2 жыл бұрын

@@sarahtiferet9025 the tears I cried when I went to see a rental in north bay that was maybe a whole 400sq ft, run down, no parking, local looney person outside, and a whopping $1450 a month. Being in your 20s trying to work and save while living in the bay feels fucking impossible somedays.

@ElearningDigest

2 жыл бұрын

What’s the point of living there? Masochist heaven?

@arirose5887

2 жыл бұрын

@@ElearningDigest lol fair point. But it is home now. So even tho it’s a trash pile sometimes, it’s our trash pile

@pipscooter9201

2 жыл бұрын

Why do you want to live in the Bay Area?

How could this happen? The people who run these cities and the senators and congressmen have been preaching affordable housing for years.

@jude4291

2 жыл бұрын

maybe just maybe, democrats and republicans talk differently but act the same..

@duckhunt1902

2 жыл бұрын

@@jude4291 surprise surprise. Great to see someone else sees that.

@cocosheabuttarosemaryqueen9204

2 жыл бұрын

It's expensive purposely

@k_ru2137

2 жыл бұрын

Zoning and the voters voting against rezoning for affordable housing.

@anonymouscitizen2732

2 жыл бұрын

I don’t believe politicians are looking out for our best interest. Anyone who defends the democrat party is just lost.

Awww where are the techies going to eat if folks in the hospitality industry can’t afford to live here?

@yourcheapdate4564

2 жыл бұрын

They'll eat their own, that's how these things always turn out.

@user-pv3rl2lv4p

2 жыл бұрын

Many tech companies have there own cafeterias of food, and there’s many young adults and teens that will work those jobs because they don’t have to pay bills yet

@user-pv3rl2lv4p

2 жыл бұрын

People In the hospitality industry can’t even afford to live here, working at a fast food restaurant is financially unrealistic unless your a teen or your the manager

@guerrahp5180

2 жыл бұрын

Living Wage to bring things back to reality.

@Jc4dint

2 жыл бұрын

Meal kits, ghost kitchen maybe.

I am perplexed by this. I am a Home Inspector in South Alabama and many of the Home Inspections I have performed, have been from people who have moved from there.

@traviskam1332

2 жыл бұрын

You should get with the program. It’s insanely expensive in the Bay Area and California, that is why people move to Alabama for a better quality of life. It sounds like you view a 1970s stereotype of California back when it was affordable and easy to get a good job there.

@francesca-selfproclaimed-bleep

2 жыл бұрын

@Andie Smith Unless they got inbred family there or an ironworker mentality, lol.

1. I think part of the problem is also that a large percentage of houses owned here are by people/investors who don't live in CA. Most of these investors literally buy houses with cash and the people working in CA are left to compete with these cash offers. 2. Also heard of people owning more than 2 or 3 houses(properties), in addition to their primary house. 3. School zoning is not helping either. Good Schools areas get in bidding wars. 4. With Google ( in MV) , Apple ( in Cupertino), Nvidia & others (in Santa Clara), bay area is priced out from north (SF) to all the way south ( Gilroy ). East side (all the way to Oakland) is now no longer affordable). 5. Pandemic has if anything, spread the remote working class to the outskirts of the bay area ( Tracy, Livermore, Stockton) making these places unfortunately competitive too. But this migration of workers has not taken away the housing demand in silicon valley, as there is still the requirement for these workers to return to work soon.

@lilacroses5690

2 жыл бұрын

I don’t know of any homes being owned by people who don’t live in the Bay Area but I do know of several neighbors who are holding second and even third Bay Area properties but they’re spending most of their time in just one of their Bay Area properties. I think they’re doing this because they believe it’s an investment.

@taoliu3949

2 жыл бұрын

The issue ultimately is supply. Californian cities as a whole had been largely suppressing the housing supply through zoning restrictions which makes it impossible for the housing supply to keep up with job growth. Zoning needs to be liberalized so housing can actually be built to meet demand.

@roberttaylor30

2 жыл бұрын

so what? they own homes in the south bay. Do you think you and the residents of the south bay are so important investors shouldn't be able to invest in the market? This is the problem. You people think your bigger than life because you work in silicon valley? News Flash - if silicon valley went away tomorrow, the stock market would be open, starbucks would be open and the rest of the frickin world would be open. Get over your self anointed worth. You are the problem!

@burntfrootloop4073

2 жыл бұрын

There are lots of countries where you can’t own property if you aren’t a citizen or planning to permanently immigrate. I don’t see why Bay Area can’t adopt those laws too

@taoliu3949

2 жыл бұрын

@@burntfrootloop4073 Because the Bay Area is not a country. And this isn't an issue of property ownership, it's an issue of insufficient unoccupied properties. Just because you don't own doesn't mean you can't rent.

They don’t mention that a $364k income gets you a shit quality of life in a city that’s not even safe to park your car in

@JC-pu1ej

2 жыл бұрын

Where in the world can you "park" in SF without getting a ticket?

@MyFrenchInvestor

2 жыл бұрын

@J C So true

I can afford to stay here but I’m still leaving. The Bay Area just lacks happy people and style

@krys1075

2 жыл бұрын

There’s always BIG beautiful SPACIOUS family areas like Irvine for folks like you that can afford the high threshold. 👌

@iseeflowers

2 жыл бұрын

Which state are you planning to move to?

@fredulyssesarockii8937

2 жыл бұрын

please leave your politics there. or go to LA or Portland. I can understand wanting to leave, as it's hard to find retail businesses that you can patronize and want to continue to do business there.

@KlaudiaAF

2 жыл бұрын

SF is super sad, angry and begin to be dangerous city… want to leave so bad

@mocheen4837

2 жыл бұрын

I honestly believe that most people here are unhappy and can barely make ends meet. The problem is that every time I go out I see people driving fancy cars and eating out and expensive restaurants. I assume that everybody is wealthier than me and is a multi millionaire.

don't forget about crimes and homeless issues I left 2019 after living 40 plus years in SF bayarea.

@mayhemjr.803

2 жыл бұрын

I lived there for over 40 years myself. I left in 2017

@B777X

2 жыл бұрын

Crime is everywhere Oakland San Francisco DC Detroit Little Rock Charlotte Chicago all of the major cities across the country are going through the same exact issues and I will not let the homeless be the reason I leave my city of my birth it's the people who are elected to office that should be held responsible the mayor and the feckless city council

@supercarnitas

2 жыл бұрын

Criminals: KEEP IT UP. This place is too expensive I need y’all to step it up and make this area less desirable to live so I can finally afford it. /s

@AshmewStudios

2 жыл бұрын

I mean part of the homeless issue is the house prices (I mean there’s other reasons, but the prices are part of the reason)

@lifeincentralvalley9430

2 жыл бұрын

I bet that’s one of the best decisions you made

Grew up in Campbell. Moved out of Campbell ten years ago best effing move ever! 🥳

zoning laws preferring single family unit housing vs high density housing is the reason why housing is so expensive in the bay area. Lack of space in SF specifically necessitates large high density housing structures like Hong Kong.

@WhatIsThis-zq4hk

2 жыл бұрын

Preach. Not even hong kong-level density is needed. Just build like Tokyo or Seoul and problem will be solved in just a few years.

@anonymouscitizen2732

2 жыл бұрын

Nobody wants a shitty multi family building in there back yard. The last thing anyone wants is to turn a beautiful city like San Francisco into Hong Kong. Oh, by the way, even with all the multi family units in Hong Kong, it’s still expensive as hell to live there. More Multi family units is not a solution.

@WhatIsThis-zq4hk

2 жыл бұрын

@@anonymouscitizen2732 Oh great, here come the NIMBYs. It's expensive because the hong kong government owns all the land, and they make a lot of their money from slowly renting to developers, but not too fast, so that they can keep prices high. A better example is Tokyo or Seoul, where the housing market is much more free. And the reason why so many people can't afford to live in SF and end up homeless is because nobody wants more housing "in their backyard". Well guess what? If you don't want multifamily in your backyard, then don't live a city! NIMBYs want it both ways. Either live in a city or don't. Putting 1 housing unit on a big lawn then running to the city council to restrict housing for everyone else is not how you run a city. This is madness.

@anonymouscitizen2732

2 жыл бұрын

@@WhatIsThis-zq4hk it’s going take a hell of a lot more than one front yard of realists to fill the demand for new housing. Until you become a property owner, let the big boys decide the fate of there real-estate. By the way, 100% government control over our real-state is exactly what the dems want, they want to turn this place into Hong Kong.

@WhatIsThis-zq4hk

2 жыл бұрын

@@anonymouscitizen2732 You're not getting it. I am arguing AGAINST government regulation. I am arguing FOR property owners to build what they want on their property. I am PRO free market. I want LESS government control over people's property. Right now, city councils have an encyclopedia of regulations and zoning laws that make it extremely difficult for developers to build more housing units. Why don't you take your own advice and stop supporting regulations that limit what property owners/developers can build on THEIR land. You whine about evil dems controlling your real estate, but you have no problem controlling other people's real estate if you don't like what they are doing.

I live in Palo Alto. It costs an arm and a leg to live here. However, I do think that it is a bit misleading to say that you need to earn $300K to live here. However, the state's taxes, fees, tuitions, tolls and general regulation has led to hyper-inflation in the state. EVERYTHING costs more in California....and the Bay Area is one of the most expensive places to live in California. It is doable -- but it might not be advisable.

I got my house back in 2004 when $530k was a crazy price. Now, it's almost $1 mil. People just have to stop the bidding war. Because of the bidding war, the price goes up. Because the price/value goes up, the rent goes up. Even your real estate agent tells you to overbid $100k, just DON'T.

@merceddominguez2170

2 жыл бұрын

FLIPPERS, DEVELOPERS, FOREIGNERS ARE ALSO INVOLVED IN BIDDING ESP. FOR PRIME LAND & LOCATIONS & MANY CAN AFFORD TO PAY IN CASH LEAVING THE REST OF US OUT OF THE LOOP.

@daddy3048

2 жыл бұрын

No no no your wrong its your damn government

@merceddominguez2170

2 жыл бұрын

@@daddy3048 GET YOUR HEAD OUT FROM YOUR ___ SIMPLY, YOU'RE NOT PAYING ATTENTION BC YOU'D KNOW THAT "YOUR" GOV'T ISN'T OPERATING BY AMERICANS INSTEAD IT'S RUN BY THE COUNCIL OF FOREIGN AFFAIRS, TRILATERAL COMMISSION ET AL. & OLD MEN WHO LIKE TO RUN THRU THE FOREST BUTT NAKED THEN WEAR SUITS TO YEARLY SUMMITS DECIDING YOUR FATE FROM THE LIKES OF THE KLAUS SCHWABS OF THE WORLD.

@daddy3048

2 жыл бұрын

@@merceddominguez2170 son go back to room and do more research

@seanm3226

2 жыл бұрын

So it was OK for you to pay “a crazy price”, but not new buyers

This is why we moved out of the bay area. We live in Northern California 2 hours from the Oregon border. My husband is a heavy equipment operator and he's the only income. We bought a 3 bedroom 1 bath home with a decent sized backyard for 164,000 and our house payment is 1200 a month. We make decent money and it's still tough sometimes. California is ridiculously expensive..

@JDM-gx8ki

2 жыл бұрын

I agree hella expensive

@cocosheabuttarosemaryqueen9204

2 жыл бұрын

Better get an income of your OWN and not just relying on "husband". You never know what might happen

@batbrat4412

2 жыл бұрын

Ty for the suggestion ☺️

@xalvinthegreat5626

2 жыл бұрын

Yea your fucked with just one income

@cocosheabuttarosemaryqueen9204

2 жыл бұрын

@@xalvinthegreat5626At the moment I wouldn't say she's fucked. Just way to comfy and confident in what "husband" makes and nothing going on for herself and the family as a whole. No contribution but just being a wife. That's a no go in today's world.

Not in Frisco. Earthquake is a major concern as well as crime and homelessness.

We move, not because we couldn’t afford it. We moved because California is going down hill..Homeless, Crime, trash on all the roads, campsites up and down 280 and 101, cars being broken into and catalytic converters being stolen, fires every summer, every time it rains the power goes out.

@isaacjson

2 жыл бұрын

Bitter non Californians

@mayhemjr.803

2 жыл бұрын

@@isaacjson I'm a bitter native Californian. Greedy outsiders and politicos f#$^ed up my state.

@northsa7498

2 жыл бұрын

LGB sounds sad. Bummer.

@heavingearth6727

2 жыл бұрын

LMAO when every city in the country faces these exact problems California is just expensive with avocado toast so the gentrified love complaining abt regular metropolitan shi

@manlymcstud8588

2 жыл бұрын

@@heavingearth6727 nonsense, not every city in the country faces these problems on this scale. the rest of your comment is unreadable.

As a person that grew UP in the bay area for 25 Years, I was only able to accumulate wealth when I left. Never looked back and have a paid off home, wealth saved for my Children.

Soooo funny how it took sooooooo long for people to catch onto this. Bay Area gov reps sold the Bay Area to tech companies 20 years ago and now you can’t live there unless you work in tech. It was nice SF, you were the best and you will be missed.

@davidjasso178

2 жыл бұрын

Tech companies are importing cheap Indian tech workers who also need housing.

@sfrealestatedealmaker6001

2 жыл бұрын

@@davidjasso178 H1B visa workers live 4 roommates in an apartment. 😂 Those guys know how to adapt coming from the 3rd world

@justintang5389

Жыл бұрын

You think the tech companies are benefitting from this? It was the people who had the land and houses originally before the tech people came that got the most money. And those people are the Bay Area gov reps and their associates.

...engineers do not make $300,000/yr. Married engineer couples are struggling to pay the mortgage here and I haven't even begun to mention child rearing costs.

@apark8787

2 жыл бұрын

$300,000/yr is household income, so if it's a engineer couple it's $150,000 each person. Doable, but still pretty insane.

@saltysolly2448

2 жыл бұрын

they actually do. mid level engineers at top tech companies easily make $300k/yr in total compensation

@twofortydrifter

2 жыл бұрын

@@saltysolly2448 That is a minority of yhe engineers. Also, you can't pay the mortgage with capital gains when they're tied up.

@eop9969

2 жыл бұрын

@@saltysolly2448 That's BS, as a Software Engineer with over 20 years experience, I barely break the 200k/yr mark. Recently interviewed with AWS, max they pay for a sr. .net developer is 210k.

@johnj8069

2 жыл бұрын

@@eop9969 You get stock for another $100K a year which could be $200k if the stock doubles.. Tons of AWS engineers have made $500K a year for the last 10 years. Obviously it's getting harder and harder when the company grows. Now it's of course also possible that the stock declines...

I moved out of my Sonoma county home I lived in since I was 12. I could no longer afford to stay. Everything had gotten SO expensive, even with the good money I made with my business. I found a brand new home in Northern Arizona for $299k and am semi-retired. No more stress, because it's so much more affordable. Plus the 'leaders' of California are off their rocker and it'll only get worse.

@jf5065

2 жыл бұрын

Yeah northern Arizona sounds boring 😴

A lot of people moving to the Sacramento region especially rocklin and Roseville very well suited for families

@mocheen4837

2 жыл бұрын

Yes, I am now able to work remotely 100% of the time. I could sell my San Francisco house for almost $2 million and move to Sacramento. In Sacramento, I could pay the house off in full and still have over $700,000 in the bank. The cost of living is cheaper there and so are the property taxes. I would be able to save all of my income for retirement. I am still 18 years away from retirement. I have a pension and several million already saved. I would be able to retire early in Sacramento. I could avoid the homelessness, crime, traffic, exorbitant parking fees, taxes and rude people simply by moving. It seems like a win win scenario. The biggest perk is that my wife would no longer need to work anymore. Now, I just need to convince her to leave San Francisco.

@kcinyourface

2 жыл бұрын

Maybe for the next 3 years until the sworm migrates

@kcinyourface

2 жыл бұрын

@@mocheen4837 yes I guess if it's worth it being in the middle of nowhere valley and it's hot as hell also there's plenty of homeless and rude people in Sacramento it's always been a dirty place

Congratulations I hope you all live well stay friends and stay safe!

This is seriously depressing me. I got to leave this state if I ever want to buy a home.

I had to move away from the Bay Area because it was just too expensive for one thing and way too crowded for another thing. It’s just a sad thing but it’s true and I know that I will get a few rude comments and I look forward to hearing from you

@The_M_Files

2 жыл бұрын

No negative comment here. My first time in the Bay I was getting by on 18/hr in downtown Oakland. Left in '12 and came back in '17 and couldn't believe the spike in rental prices. Also noticed the spike of people that moved here. Used to be no traffic at certain times of the day and night. Now it's constant. I for one can't wait to leave again.. for good.

@isaacjson

2 жыл бұрын

Bitter people

@user-pv3rl2lv4p

2 жыл бұрын

@@isaacjson your bitter, nobody can afford the bay

@user-pv3rl2lv4p

2 жыл бұрын

It’s so expensive, people that are in tech are lucky that they make so much money, it’s so hard to make it unless your living with family or living with your bf/gf

@manlymcstud8588

2 жыл бұрын

you almost never hear anyone defending the place, not anyone you can take seriously, at any rate.

I think part of the reason housing (including rent) is so expensive in many cities in CA is due to regulations. I heard it takes 10 years to get a building permit in CA. Many transplants especially those who work in IT came there for tech jobs. Other factors include greed, increase in property taxes and so forth.

@tltaber50

2 жыл бұрын

Building permits are issued by local governments. In the city where I live it takes a lot less than 10 years to get a building permit.

@silasdietrich7464

2 жыл бұрын

In the bay area homeowners vote against any new housing developments so that supply remains low thus raising their own housing prices. My grandfather bought a house for 2x his salary in the 60's. Today it's 10x-20x if you make (50-100k)

@wanefelicia8779

2 жыл бұрын

And houses can be printed in days lol wow what a joke gov is

@wanefelicia8779

2 жыл бұрын

3d printed that is lol

@palillo2006

2 жыл бұрын

Not just regulations but the residents don't want more housing. Lower supply drives up demand which equals higher property values. We call those people NIMBY's (not in my back yard).

The jig is up on home ownership. There was a one time opportunity when the market fell flat in 08-09. Certain people were PAYING ATTENTION. Homes were bieng scooped up by outside investors b/c properties were at low level prices. After the pandemic hit, the expectation was prices would go down since the economy went down, but a lot of people continued in the homes they paid low levels for 10 years ago or have been selling them off way over asking price which is pushing prices higher. From what I understand, there are currently actual tour buses specifically geared for investors that tour the Bay Area to scout out available properties. The Bay Area is for sale, but not for family home ownership. 😐

@sfrealestatedealmaker6001

2 жыл бұрын

You’re 100% correct

I make $80K a year here at BA. I can't not even afford a dog house around here.😡

@RedLineShortFilms

2 жыл бұрын

I make $10 an hour in San Francisco and work 100h a week. I live in my car. What a great city.

@hydrobuu

2 жыл бұрын

@@RedLineShortFilms bullshit.

@PostprandialTorpor

2 жыл бұрын

5 Fig Gang!!

@RedLineShortFilms

2 жыл бұрын

@@hydrobuu It's true, ask any dasher or uber driver in SF. A lot of them live in their car

My high school use to have close to 900 students in when I went graduated in 2005. It now has less than 400. The school district may have to try to join the Richmond School District, turn private, or close.

With a Masters degree teaching in higher ed, I earn 59k! This makes me want to cry.

@dontbanmebrodontbanme5403

2 жыл бұрын

Where do you teach? You should either teach in a more affluent suburb or switch professions. $59K with a masters is criminally low.

@daviddong9916

2 жыл бұрын

I only pay $700 a month for a large private room with private bath 25 mins from SF, in San Leandro. That’s less than $10k a year for housing. TC 500K (including RSU)

@daviddong9916

2 жыл бұрын

@@soutinefan There are nice parts in San Leandro. I have my own room and it's nice to have people living under the same roof especially during covid

@silentvoiceinthedark5665

2 жыл бұрын

Anywhere else in the country and if you teach English in some other countries you can enjoy a much better earning to cost of living ratio. Not mention quality of life would be a world apart. If you are female your options are even better

@jennifermiller8698

2 жыл бұрын

Check out private schools in your area and apply for jobs there. Principals make a bit more money. Just apply and see what happens.

Every time I think about the wage level difference between different jobs here in Bay Area is insane. I am in non-tech design field and my starting wage is around 50k a year and it takes almost 10 years to reach to a 150k! But for tech people, 150k is probably their one month salary. Sigh…it’s so hard to live in the Bay Area as a regular people.

@vision-gc4hy

2 жыл бұрын

Spend 2 years with 2 or 3 roommates splitting the costs. Save up your money. Get you a "special other" who's an earner like you. Buy a house in East Oakland or Hayward, even Stockton. There's always a way Calvin. Be flexible.

@davidjasso178

2 жыл бұрын

Tech companies are importing cheap Indian tech workers who also need housing.

@heyaisdabomb

Жыл бұрын

People don't want to pay a living wage anymore for specialized work that requires more education that high school.

I love living in San Mateo, but I can only afford to live here because I bought my house decades ago when housing was cheap. Plus, my property taxes are low thanks to Prop. 13. Prices are high because of a thriving economy and a severe shortage of housing. The Bay Area is extremely confined by geography. It mostly consists of water and mountains. Nearly all the land flat enough to build on has already been developed. It is time for many of these high paying jobs to move to other cities that still have room to expand.

@ggstatertots

2 жыл бұрын

Also many firms are buying up properties en masse to drive up the prices and to control supply. There's also a lot of foreign investors using housing to hedge assets driving out locals. Combine that with the housing that is being built that just gets used as "luxury living" so the property owners can maximize their profits. There's so many more factors in play than simple supply and demand.

@YourName-jm7lz

2 жыл бұрын

Ah...youre one of those that bought before 1985...nice, me too

@cali7374

2 жыл бұрын

@@ggstatertots that's exactly the only reasons why housing is still going up in the bay area and overall in California, foreign buyers and hedge funds black rock and Co. All the other explanations like thriving economy and lack of land put out there by those called experts and this very media is lies just to keep the housing market heating up even more they are also benefiting somehow from it or we dig more I won't be surprised to find out they get paid to spread these ideas. If our local elected really work for the people they should pass a low banning corporations and foreign investors buying "single Family " houses which are supposedly called so for a reason.

@Lexethan2011

2 жыл бұрын

Thanks to the Republicans for Prop 13.

@tltaber50

2 жыл бұрын

@@Lexethan2011 Prop. 13 was passed by the voters in 1978. I don't think it would have passed if only Republicans voted for it.

A NEW apartment here in downtown Sacramento..... is going for 3000$!!!!! A studio!!!!

@silentvoiceinthedark5665

2 жыл бұрын

When taxpayer votes don't count.

@kamakanani0

2 жыл бұрын

No way wow that's crazy

I'm a mail carrier in tx making around $50,000 (about 60 with overtime) a year living in a houston middle-class suburb, obviously I'm not rich but all of my bills get paid when due, ALL my needs are satisfied and for the most part I get my wants. Thats making between 50-60,000/yr... what the hell is going on in Cali??

@YA-qj8fx

2 жыл бұрын

Things will get more expensive when all the Californians move in.

@jaklinhyde

2 жыл бұрын

@@YA-qj8fx thats what I keep hearing, lol... I was planning to move to North Carolina sometime in the future anyway

@tenossos

2 жыл бұрын

Same thing that's happening in Austin. Tech moves in, pays high salaries, pushes out anyone making less

Moved a year ago - bought a house and paid off student loans with the money I saved. Get out of SF!

@jntj3007

2 жыл бұрын

Yep. San Francisco is collapsing.

@user-pv3rl2lv4p

2 жыл бұрын

Where too? I’m trying to move as well

@jonkerwin

2 жыл бұрын

@@user-pv3rl2lv4p New Mexico! Have family here and cost of living is the opposite of SF in every way.

@MyFrenchInvestor

2 жыл бұрын

@@jonkerwin Good for you!

I am almost 50 and wonder if I can afford to live here when I retire in 20 years

@isaacjson

2 жыл бұрын

Invest in 20 years be fine

@mayhemjr.803

2 жыл бұрын

Forget it

@B777X

2 жыл бұрын

@@isaacjson Not worth it when you consider the cost of living

@user-pv3rl2lv4p

2 жыл бұрын

You should move, it’s not realistic to retire here

@manlymcstud8588

2 жыл бұрын

no lie, you need an escape plan. now. the 'joke' is people return from gummint work and take their pensions to move somewhere they can afford. then you hear about the amazingly successful way CA in general is run (anyone who believes that needs more research and read between the lines) and how it's got aaallll this money in surplus. really, how can you have a surplus of billions when you're on the hook for unfunded pensions to the tune of almost a trillion dollars?

How do the grocery workers even do it ????!!! I’m in Chicago I barely make 22 an hour and this is insane!

@senna6774

2 жыл бұрын

Minimum wage in SF is 17$/h. We typically rent three bedrooms together so it's less than 1,400$ a person. I live in Castro district and pay 1000$ a month. I make about 2,600.

@alexlopez5800

2 жыл бұрын

They do it because they have or share rent with roommates that want that big tech job/break. That's how they do it. Also college students do they same with a 9-5 or part time job, w/ a car payment on top. Unless your a foreign exchange student.

@chaosXP3RT

2 жыл бұрын

@@senna6774 I make $45,000 a year and live in a decent, but older house. If I lived in California, I would be homeless. I could $50k a year and every day after work, I would have to live in the street. That's unbelievable. Absolutely insane.

@senna6774

2 жыл бұрын

@@chaosXP3RT Just saying how we do it tbh. We just live together.

@markdc1145

2 жыл бұрын

It’s called “hacker hotel” - small rental homes with 4 bunk beds crammed into each room. Basically prison conditions but you’re free to come and go at will. Otherwise, pitch a tent off the 101.

I remember 09 my dad bought a house for 40k in richmond ca invested 50k ( needed to remodeling and repair ) and now his house is worth almost 300k. I still cant believe how cheap it was in richmond back in 09... They're were giving away the house for free.

@mrparts

2 жыл бұрын

because home building slowed to a trickle after the 08 crash and never recovered. Now theres too much demand, (low interest rates) and low supply ( retiring boomers are living longer and they're not moving or downsizing as predicted, they stay put).

@germanleon2775

2 жыл бұрын

@@mrparts Exactly 💯. If my parent sell there house and try to rent on a different property it would be too high and wouldnt be worth it

The question is how hard do you have to work to make living comfortably.

@dlcmiamiinc

2 жыл бұрын

I honestly dont get it. Life shouldnt be all about work. I worked 80-90 hours in some weeks and I felt burnt out. There is more to life than working.

@MyFrenchInvestor

2 жыл бұрын

@@dlcmiamiinc Completely agree!

@ttak83

2 жыл бұрын

It's not about working anymore. It's about luck

@DonJulio510

2 жыл бұрын

@@dlcmiamiinc that problem is you guys dont respect hard work. Its the discipline that comes with it that humbles you. Easy work makes you a spoiled entitlement mentality.

@86HellCat831

2 жыл бұрын

I make 50$ an hour out here… still working 12/13 hour days..

The trend I see is consistent flux of very talented people around the world come to Bay Area to work hard for 10 years and then move out to somewhere else with enough wealth to live comfortably when they want to focus on other things in their lives. It feels more like a factory rather than a community.

@davidjasso178

2 жыл бұрын

Tech companies are importing cheap Indian tech workers who also need housing.

I make 75k working as a Lead Project Manager, and I can attest.. it’s quite tough

@DonJulio510

2 жыл бұрын

Shit I make 90k as a fedex ground driver and its tough.

@Kentrantran

2 жыл бұрын

@@DonJulio510 90k?? that doesn't sound right.

@DonJulio510

2 жыл бұрын

@@Kentrantran yeah should be higher

@Kentrantran

2 жыл бұрын

@@DonJulio510 lol, no man. It is ~$21/hour as a fedex driver. How do you make 90k with that rate?

@DonJulio510

2 жыл бұрын

@@Kentrantran maybe for fedex express drivers but for ground its $200 salary a day plus $1.30 per stop when we go over 130 stops. I usually do about 220 stops a day( on average sometimes more sometimes less ) which equals to $317 a day but mind you I usually work 6 days a week.

I left for Fresno and moved into the Tower District / near downtown Fresno. Best decision I have made going 1 year and a half strong! Remote work and remote university changed the game. Plus I get to keep my california salary and live in more affordable Fresno.

@kaliskunkog2255

2 жыл бұрын

@@imd1b4u they stay indoors with ac on. Not saying that's a good thing. I'd rather be out in my yard.

@dr.paragpichai8258

2 жыл бұрын

@@imd1b4u Pretty good better than when I stayed in Austin Texas for 3 months or Phoenix one summer as well. There is no humidity which is what I worry more about. I have solar powered AC so its free for me and used the California EV incentive to get my Tesla a while back which also has AC. I suppose I could pull out my neck fan or anti-heat polo shirts I got while in Dubai which was scorching hot. Californian beaches are only 2 hours away which doesnt matter if your not driving haha or taking turns 😎

That's why I choose to work and live in the midwest. I can payoff my 3000+ sqft house in 5 years; while in Bay Area, it's gonna be 30 years.

This is what happens in a booming tech economy. The cost of living goes way up and people get squeezed out. At least in the Bay Area there is BART so you might be able to live without a car. Its sad that any city in America is so hard and expensive to live in. Why do you think there are so many homeless on the streets. Some of them would have college degrees, you know. Not every person on the street was troubled all their lives. Not at all.

@tenossos

2 жыл бұрын

The smart people who get pushed out move to an area where they can afford to live

Just to make up for inflation just this last year we had to increase our labor rate we charge customers 24% From $150 an hour to $185 an hour. And the same with our parts and materials and products price increase. And as the price of product materials we’re doing business and living here over the next several more months we might have to do a price increase again monitoring the pulse of the money

@joshcardone1836

2 жыл бұрын

I'm a hvac technician. We have to do the same. And finding parts on time or at all is hard.

@coldfinger459sub0

2 жыл бұрын

@@joshcardone1836 yes finding parts has become very difficult and time-consuming and that adds cost or losses to a job just to acquire the parts because of supply shortages. At the beginning of the supply shortages caused by Covid actually Covid did not cause it our government and the way they handled it did. We used to eat and absorb the losses of acquiring part shortages with the time taken to travel or phone calls but now we even charge that extra to acquire parts, charging to our customers job we will no longer eat that cost. A $70,000 job is now over $100,000+ And up. Good going government on shutting down and bankrupting a large percentage of your population.

@joshcardone1836

2 жыл бұрын

@@coldfinger459sub0 you speak truth, and its getting worse.

Haha back in 92 my 1st was $4.25 an hour 🥳 had a roommate we lived great

as an asian there is ZERO chance i'd live there. Break ins, assaults, shootings, etc.... it's horrible

@mrskwrl

2 жыл бұрын

Great. About to move there for work and ... great.

@halifaxx55

2 жыл бұрын

There's a lot of Asians here. It's a safe place for Asians

@RaptureHead1993

2 жыл бұрын

@@halifaxx55 a baby asian got killed by a stray bullet days ago

@user-cc3ew8rk1z

2 жыл бұрын

SF is not safe anymore smh

@V0YAG3R

2 жыл бұрын

halifaxx55 And communism and islam are religions of peace 👌🏻 Tras de ladrón, bufón.

Awesome. I currently pay $2500 for a “luxury” 1 bedroom apartment during. Which I willingly stretch at the higher end of my budget for the amenities. Looking at the current prices now it looks like by the time my lease is up I will be looking at $2800 a month for the same place. Which also means I will probably be moving out in 6 months. Absolutely ridiculous.

@ALinn-vr3nl

2 жыл бұрын

How worth it are those amenities? Something to consider, in what they might cost you in terms of having to move away?

@eberhwang23

2 жыл бұрын

@@ALinn-vr3nl honestly there are pretty decent amenities (gym, pool, underground parking, rooftop deck) its all nice but seldom used. I care more for the modern apartment layouts, appliances and location than the amenities. But you're are not going to find a new/modern apartment that doesn't include all the nice amenities to cut the cost you would want to forgo if that makes sense.

@nicholasthompson7690

2 жыл бұрын

:/

Maybe make multi family house a thing and a denser housing. Maybe also make renter protection stronger and better so not everyone needs to own their own homes.

Is this income take home pay or total comp?

How is the Bay Area going to function when there are no places for anyone working in service or retail jobs to live? What will happen when there are no longer any custodians or other cleaning staff because there are no places they can afford to live?

@tenossos

2 жыл бұрын

They'll just have to be paid whatever it takes to keep then working here

Corporate greed has priced out many Americans with just about everything.

@mopes2713

2 жыл бұрын

All politics aside you are absolutely correct! I just can’t see why not all political spectrums can come in agreement about this.👍

@enigmathegrayman2953

2 жыл бұрын

Sadly if this keeps up, the people that can afford to purchase homes and “live comfortably” will have the biggest targets on their backs, and become the victims.

@crabkilla

2 жыл бұрын

How in the world does "corporate greed" play a role in housing prices? LOL I wasn't asleep in Economics class. This is a supply and demand issue. Tech jobs are driving demand. But the local governments and NIMBY's won't build more housing. You have to balance both. Meanwhile, Uncle Joe could increase interest rates by 2% and cool everything down - the housing market, the stock market, etc. Everything is too frothy.

@river13

2 жыл бұрын

@@crabkilla Housing costs are skyrocketing in places because the politicians there allow for new office space for its tax revenue, but refuse to permit housing or make it so the permit is unaffordable. That makes the homes that are already built to become more expensive. Plus corporations set the prices on everything needed to build a house.

@crabkilla

2 жыл бұрын

@@river13 Not true Jim - supply and demand set the price for everything. If you know of some price-fixing, there is whistleblower money to be had. Government and politicians control all aspects of development - what can be built, how much, and where. Not corporations, not people. So if there is not enough housing or housing is too expensive, then it is the government's fault.

I make $170000 a year and can’t afford a home. My significant other doesn’t work and we are barely surviving.

@sydewayzsn9562

2 жыл бұрын

That’s a lie your 170k is a lot your a liar .

@isaacjson

2 жыл бұрын

seen too many alike, schools don’t teach people know manage money

@isaacjson

2 жыл бұрын

@@sydewayzsn9562 170k minus tax = 80k poor

@heavingearth6727

2 жыл бұрын

@@isaacjson it’s actually more like $136,000 after taxes still not a lot tho

@trigganometry168

2 жыл бұрын

@@sydewayzsn9562. Not to afford to live where I grew up. I could travel hours away of course and afford it. But who wants to commute hours a day?

I grew up in San Mateo California. I don't live there any longer moved away 10 years ago. My two sisters still live there and barely survive financially.

So... If only rich people can afford to live there who will work as teachers, cooks, cleaners, mechanics, police officers, etc? Is it safe to say the only people who have to commute are the middle/lower classes? Remote work as a status symbol

I left the Bay Area 7 years ago. I made $32,000 last year. I’m a disabled small business owner. Renting a room in Concord California my home town is costing $1,850 a month for a single room. Everyone in California I know has either moved out of state, or still lives with their parents. My apartment in Baltimore, is a huge 3 bedroom apartment for $1,500 a month. Internet included. We only pay for gas & electric. California I visit to see family but every time I go back to California it’s more and more of a joke. California is not for the poor, or disabled like me and I like my independence I love my parents but they’re Jehovah Witnesses and would drive me crazy.

The Bay Area will never be affordable. Period.

@WhatIsThis-zq4hk

2 жыл бұрын

It can be if NIMBYs stop forcing most of the land to be zoned for single family homes and lawns. This problem is totally preventable. It's supply and demand.

That's why I moved 35 miles south off of the San Tomas Expressway exit

I recently started therapy at 28 because childhood issues and i expressed how i was disappointed in my parents who focused on themselves(divorce family drama ) instead of us kids, so we could have a good future in order to survive and thrive in the bay area. The bay area is moving too fast and is extremely competitive. I have to work 10x harder to survive here since I come from nothing compared to the out of area wealthy people who fill the neighborhoods now.

@hydrotech408

2 жыл бұрын

Hi Tina, Your words made me sad. And reminds me of someone else I know who's therapist tells her how bad her childhood was etc etc.. She's about your same age (me 54yrs) Bay area resident since I was 4, bought a house by myself at 28yrs. Married satin's twin sister for less than 2 yrs and still lost the home in divorce! (sorry! It still pisses me off A LOT!) Please believe me when I say: It was most likely paycheck to paycheck for your mom and dad also. Living here has always been very hard. Yes, it has become way harder, but your P's I'm sure didn't see this coming. The internet changed the frign world and made all good things available to the masses. It has ruined all great things, in my opinion. This area has always been THE place to live. But most of all, for you/yourself, rid yourself of the bitterness! It will only hurt YOU and make things more miserable and difficult. My best advise additionally, would be to use one or both of your P's to live in this area while making this area level of pay. Save and save, save again, make a plan to then relocate and you will thrive. Use what you DO have access to, to the best of your ability! Don't be like some who suffer from "Opti-rectl-titus!" a.k.a. a shitty outlook on life I hope you will say goodbye to the negative (and the "therapist" too) and go kick some ass girl! :)

When real estate prices no longer correlate to local incomes, you can thank the realtors & developers for pumping local real estate to international buyers & investors...

I’m moving to Walnut Creek because I can afford to do so I’m 25 and I’m tired of the shit in Oakland that’s happening. People are dying every day slum lords are something of the current phase of Oakland….. and I’m tired of the issues in the black community that shit isn’t changing. It’s only touching lives at a greater length.

@mocheen4837

2 жыл бұрын

That is all part of the BLM movement. Crime is running rampant but the police have their hands tied.

@sarahtiferet9025

2 жыл бұрын

@@mocheen4837 okay I'll play along =LOL! Poor pathetic Troll = BLM?? try again how much $ are you making from my comment I actually feel sorry for you = nah just kidding

@sarahtiferet9025

2 жыл бұрын

@@mocheen4837 Its from Budget cuts as the city lost revenue but you knew that

@stevenolson1295

2 жыл бұрын

Facts. I'm currently in the rising up program which is financial help for Frisco youth natives trying to afford housing in the bay. They deadass keep recommending east Oakland apartments and I'm like nah fam I'm straight. Me and my brother have 50k collectively through our subsidiaries and all the program can do is recommend cheap apartments in Oakland. Ain't no way I'm moving there.

@alexlopez5800

2 жыл бұрын

?? Walnut is a extremely upper class area. Doesn't sound like your a victim of any sort. 😂😂

I lived in Potrero Hill from '86-'96, before leaving for SoCal...I was in the military, stationed at what was then, NAS Alameda, in East Bay...and had lived on the naval base for several months before getting my own place in the city. Lets just say, SF was a VERY different town in those days, alone...let alone what it was like in the 60s/70s. And AIDS, affected EVERYTHING, to the negative... and what I remember the most about the time I lived there, alongside the affect the virus had on seemingly every other male you saw walking down the street..was the uptick in the homeless population, number 1, what with AIDS infected guys being thrown out of their homes and apartments...and number 2, was the uptick in rent. It was during that time, that landlords were doing any and everything they could. to get guys OUT of their homes, because of the uncertainty that came with their earning ability, given their physical complications and "disabilities"....many guys could not work. When I moved from East Bay into the city, in late '86, Potrero Hill actually had a gang influence there...it was that bad, then. You would hear gunshots at night. I lived in a 1 bedrm in a 4 story walk-up, off Caesar Chavez and 3rd St, near the Bay..where my rent was 470 bucks, utilities included..my hot water was iffy.. and I had to use 2 electric/floor heaters, to keep the apt. warm..and the lock on the front door of the building was crap, thereby allowing "whoever" to wander in from time to time, when it got REALLY cold. But the bldg. supervisor, was a 350 lb, Samoan dude, whose apt was on the first floor, near the entrance..and he had a pet Rottweiler that LITERALLY patrolled every floor of the bldg..so the front door might've been a joke , but inside the bldg, we were safe for the most part, because the dog was always around. I don't think anyone was ever robbed, lets put it like that. but yea, there are several things that have altered the entire landscape of what we now call, affordable housing in San Francisco. And the last time I visited San Francisco, and was hanging out in Bernal Heights, just southwest of Potrero Hill. And I saw this beautiful apartment complex, that was deemed affordable housing on the signage of the bldg. entrance, right down the street from a million dollar row-homes...and I asked a young lady, who looked college-age, and was leaving the property, what the rent was ..and she said something like "oh, the city made it affordable housing...Im not sure what it is anymore, because my school pays my rent. But when I moved in 2 yrs ago, I do know you had to be making 40k, for your application to be approved and processed if they had vacancies". My jaw dropped....affordable housing in San Francisco, where your income has to be $40,000.00. Im sure there are places there in the Bay, where that is not the case..but my gut tells me, there aren't many of them at all.

There’s a well known problem of regulations stifling efforts to increase the housing supply to reduce prices. Supply and demand problem.

Welp. I guess I'm buying in Stockton.

@glong86

2 жыл бұрын

Bought a 3 bed/2 bath in Stockton last year for $253k. Wanted to stay in Oakland but was aware and realistic enough to recognize the writing on the wall and I wanted to be a homeowner, not spend all my money every month making someone else rich. It's actually been pretty cool so far, go for it.

@kamakanani0

2 жыл бұрын

@@glong86 good for you, my wife and I was looking out there Tracy, Patterson, Manteca. We eventually just bought a condo for 349k in East Vallejo. Quiet area, it's only our condos that neighbors the area and then CHP down the street. And a private high school. But same tired of paying someone else's mortgage

Imagine spending all that money to live in a shit hole. Sad

@isaacjson

2 жыл бұрын

The bay area got to be the best area in the country then why people want so much to drive up the price, make sense?

@Misaka-gt5yj

2 жыл бұрын

@@isaacjson The high cost of living and real estate is due to the zoning regulations. It artificially inflates the market values of local properties at the detriment of it's own stability just to create more tax revenue for the local gov.

@arshediamedia314

2 жыл бұрын

It's people affording it spending money you don't have living in places they like. From whatever state you're from, stop.

@isaacjson

2 жыл бұрын

Simple supply and demand

@WadeR86

2 жыл бұрын

@@arshediamedia314 i live outside the bay. And let me tell you. If you haven't see it with your own eyes you have no clue, and if you have seen it and you still feel this way. You're Lying to yourself.

it depends obviously.

You still find a lot of affordable homes ( around 1 mil) in East side san jose. The only thing is buyers want affordable homes with high rating schools.

the bay is my home.

So depressing. I Still live in SF (and have for the last 30 years) but i know it is only a matter of time before this city spits me out too. Only to replace me with one of the tech drones making 5x my salary. My roots go back to the 1870's in SF and now to barely be able to exist working a normal job.... We have been bought and sold by greedy politicians and big tech without having any say in whether or not we actually wanted any of it. I know you cant stop progress but progress is not always the way to go if it decimates its communities in the process.

@yourcheapdate4564

2 жыл бұрын

My family in SF goes back just as far on one side. We got pushed out in the early 2000's. Nice pay-off selling out, but doesn't go too far if you stay in the nicer parts of the bay. Good luck, I hope it's still a cool place to live while you can.

@user-pv3rl2lv4p

2 жыл бұрын

Time a new place for roots I guess

@itsmesanto

2 жыл бұрын

The majority of tech workers do not make 300K a year. Maybe some Senior Managers and founders at tech companies make that much.

@lemostjoyousrenegade

2 жыл бұрын

🎯❗️Well said. Native San Franciscan here, now 58. Absolutely appalled at how filthy (and crowded) my birthplace has become. I left in 2010 and moved to Point Reyes (I LOVED it there!), now in Alameda for a few years. The weather is good, but it’s quickly getting more crowded here…and it’s WAY TOO FLAT for my liking. When you’re an active person (former gymnast and professional dancer who loves hiking 🥾), living in the flatlands makes one REALLY miss the hills/hillsides. I’m now ready to leave the country (Canada or France). Wishing you and everyone who’s struggling to survive (and have a truly decent quality of life) the very best. 💫

@daviddong9916

2 жыл бұрын

I work in San Francisco and make close to 500K with RSU. But I only pay $700 a month for a large private room with private bath 25 mins from SF, in San Leandro

In NJ my property tax is about the same as my mortgage. The workers at the municipal office are very rude and clearly annoyed to provide you with any services.

@alb12345672

2 жыл бұрын

Upstate NY is very high too. The crappier the city, the higher the tax rate (but property is worth less, you could still pay alot).

I strongly recommend that people buy a house in Vallejo who want to stay in the Bay Area. You can still buy a charming 3 bed/2 bath home with a yard for under a million.