A survey from the San Francisco Apartment Association found that 7.5% of renters have broken their lease over the last three months. Kenny Choi reports. (6-18-20)
Problem is most of people who can afford that are in tech. The rest of the workers had to move outside the city and commute. Even Uber and Lyft drivers don't live in SF. Notice that people were leaving roommates in lurch. Because 1 bedrooms and studios still have roommates. If people rent a house, every room (except kitchen & bathroom) are used as bedrooms. Now that there's COVID and tech is allowing people to work from home, the tech people are moving to cheaper states. Hopefully, tech will stay gone, and SF will have rents that are more reasonable for people who work in SF. Teachers, police, nurses, etc commute to work in SF for higher salaries. There was previously renter control, but it was weakened so that landlords could move in relative to break the lease and then raise rent. Which is how rent got to $4k for a one bedroom. Remember there was the real estate bust, but no one decreased the rents when that happened. Thus, when everything recovered, they kept increasing rents, even though they never reduced rents.
100k after taxs is like 75 then rent 4000 × 12 months equals 48000, after that u got 27000 after car payment and insurence and food and utilities what are you left with, thats for a single person making 100 k. Imagine making 50k.
Funny, SF is one of the most heartless city of landlords, and now they're scared. For years they walk all over the working poor, now they are about to feel the pain. now they are feeling this thing, but they didn't care much when others were suffering. Now it looks like they will feel what it's like to have things go bad, and no one to bail them out. Too bad for them, maybe they will learn some humanity. And in the future try to apply it towards their fellow man. Like many of those they felt superior to, they will have to hustle for a living! its a bit humbling but humble is not bad.
People never care till they have to wear the shoes of those they judged. Record americans getting passports and leaving the country but for years would look down on and condemn people coming to this country for more opportunity. Now that its them they wanna flee but when it was someone else they were cold and heartless. It just tells you alot about people.
Always reach people never ever appreciate what they have until they loose what they have in their hands. When they robe low income people and make them guilty they don't care because one move out 100 come in to rent. Now everyone is almost equal.
@@tomcaron8297 Now we are awakening! Our grandfathers never had to work two or three jobs to support a family why should we? Join us in the new Revolution!
Votes matter and it works for a short time when liberal socialists are in control but eventually you destroy the source fo the wealth and once its gone, everyone suffers. Same thing has happened in Venezuela with people now digging in garbage cans to live that used to have middle class lives and jobs. But no more when socialist liberals have absolute control.
Bill Meeker you couldn’t be more wrong. Venezuela’s situation is a result of many factors. The main one being the nationalization of oil companies and crony capitalism and corruption. The sanctions being levied on Venezuela is also crippling the economy and driving inflation sky high. This is by design of the unites states and other countries who want a regime change in caracas.
Bossy Tweed who are you to “allow” a property owner to do as they please with their own property. Do you have a nice brown shirt to go with that goose-step?
@@donleyp Here we go again. So calling something a Nazi is the panacea to arguments/points/ideas/views you disagree with? We do have home owners' associations, building codes, zoning laws, city ordinances, OSHA safety regulations, material safety standards, labor laws etc... that "allow" the property owner to do some of what they please to it.
The Bay Area in general is a horrible place to live. It's a drug infested, homeless overrun, mentally disturbed, x con laden, overcrowded, over policed, filthy, polluted, treeless, traffic snarled shit hole. Trust me, I live there and can't wait to move.
I mean 'breaking lease and fleeing' is one way to characterize the people running out of money and having to scrounge up money for a trip to their parents. 1200+ for a one bedroom, jeez.
@@TheTruthFadeswithTime28 yea but in western pa 600 is a full apartment with 3 bedrooms total and a kitchen bathroom and dinning room i lived in new jersey for 2 years with a exgf and the state sucks ass in everyway you feel used daily by the goverment and the society is so splintered unless you find a group of friends there almost 0 way a average american can even feel like home you walk into any store and someones screaming spanish or worse you walk into a store and some person is telling you stuff that seems importaint in spanish and your the asshole for not knowing it
Pretty much, the land lords have been able to take advantage of the high demand for a awhile but now the shoe is on the other foot. The city has become less safe and functions at a lower capacity why am I paying 1500+ for rent still?
@@zoobrizz They are crap businessmen if they can't reevaluate risk. But hey instead of working with a current renter and securing some rent they can go on the open market and find a new tenant. There has got to be tons beating down their doors its not like we are in a worse recession than the '08 crash.
Average Joe's live packed like sardines to compensate. Rent prices are set for mid level to senior software engineers, not even the interns or first year hires at those companies can afford what they're charging for 1 bedrooms or studios.
10/hrs California is one of the states that exploits the immigrants to the fullest, no kidding lots of immigrants live pile up on 1bd apt that cost them 1500/ month not appliance included and forget about your deposit. But in general is fair to say that the US is going at a rapid downs fall thanks to corruped and useless politicians.
Stop playing their game and vote with your wallet. I stopped buying from Amazon because they really did ruined seattle. Amazon will continue to get big if idiots keep buying echo and the yearly membership. Also dump their stocks and buy from brick and mortar store regardless how inconvenient it is.
That’s what happen when you build a country on genocide and slavery, and continue to ignore human being problems. IGNORE IGNORE IGNORE, just like the president DOESNT know anyone, doesn’t know ANYTHING. A waste of space of a man.
That's how it was here in SF in the 80s. Then the dot com boom came and that was the first time rents went up. The second time was the tech boom after 2009. We got caught twice by a wild economy.
They can’t charge more than it’s worth, rents are a function of location, property taxes, local school systems, local government,supply and demand and local real estate market . Don’t want to pay high rent just buy the building yourself and rent the rest of the units out.... as a landlord I’m so tired of ppl complaining about high rents, meanwhile property taxes have went from 4000- to 11000 a year in 20 years and I’ve only raised the rent from. 1200-1700 a month. School taxes are increasing at an unsustainable rate, Property taxes here have almost tripled and I make less now than when I got 1200 a month and I have hundreds of thousands of money plus a mortgage tied up in the rental. It’s going to get worse before it gets better,until ppl wake up and realize there’s no free lunch, and until property taxes are brought under control, rents will remain high.
@@JohnDiMartino As things stand now, I wouldn't look for property taxes to decrease as states, particularly the so-called "blue states," find themselves trying to maintain state budgets with more people clamoring for socialist & welfare states especially with the economic impacts created by China's virus pandemic.
The landlords don't just choose their rent price. It is determined by the market, mostly by what renters are willing to pay. Most people living there are young people supported by wealthy parents, so when things went south there they likely just broke their leases and moved back with their parents.
Exactly. It is the failed Democrat and liberal policies that have created and dangerous, disgusting cesspool of human debris. But hey, blame it on the China Virus. They need to shut down chinatown which provides cover for Chinese crime and espionage. And they need to clean up the poop, needle and urine tent cities and bring in a diversity of political viewpoints to balance the radical leftists that have ruined this once great city.
@@guidedmeditation2396 Does anybody wants to do business in a Republican runs state? Rich Democrats states pay for Kentucky, Mississippi's federal funding. Do people flock over there or any Republican state to look for work? Nope. Why is that?
When "THEY" end entitlements, FEMA Centers will be the New Safety Net for those already 100% dependent on the government. Don't worry about us. Supplement F-U (Fentanyl eUphoria) is served every meal. So we're all Happy Campers -- even if the SOMA Coma kicks in on Day 6. HEY! It sure beats begging, pooping, and dying in the streets. It's the humane solution. Besides, where else are we gonna find free food, shelter, toilets, showers (heh-heh) from YOU? Fentanyl is a Synthetic Opiate, inspired by Huxley's SOMA for a Brave New World Order. "THEY" can always make more.
The rent is stupid. This country’s sky high housing market acts like it doesn’t want it’s citizens to be able to live in clean, safe, affordable spaces. It’s really unfair because most people are hardworking citizens who can’t afford a decent place to live. It’s unconscionable.
Ry No yeah there are plenty of areas of the country for people who have given up. There’s a reason those places are cheaper; no one wants to live there
the way the landlords jacked up the rent for those tech bros was greedy and essentially ruined the city .... i hope they suffer .... sf always had expensive rents but also a lot of places for young artists to live , too .... i’m glad the landlords are going to suffer ...
it's not really the landlord's fault that san francisco has ridiculous zoning restrictions that the supply of available rental properties is so low. nor is it to do with 'tech bros', b/c they're just going where the tech jobs are. if tech decided to put a headquarters in san francisco, of course that's where tech people are going to move to. the market always wins, one way or the other. if the supply is low and demand is high, the only way to balance supply and demand is to raise the rents. if san francisco genuinely wants to fix the problem of rents being too high, they can remove all zoning and building restrictions that have to do with heights of buildings and time it takes to process building new units. otherwise they're not really serious about solving this issue. but then again, property owners voted for this because they have a financial interest in keeping supply of housing low, to keep the value of their house going up.
@@garyquail2347 Oh, this is JUST the beginning. If you have savings left, you would be better to review your lease, and negotiate at least paying some of your move out amount, and get all the landlords information if they plan to put a bad mark on your rental history that will need to be paid later, BUT, you can at least then move and rent these days is basically the same rate for 30 days at the Home2 Suites, then pay no residency taxes, and boom -- eventually you pay off the remaining balance, and then you get yourself into a new place somewhere else. Wherever jobs may still exist? LoL -- there used to be TONS of them, but these days it seems like my resume is falling on blind eyes and deaf ears.
@@JaredVonBaren I hear you about the resume thing. Ive been applying daily for over a year now. USCG veteran, college degree, robotics programmer....nothing.
@@skooliecaptain don't take it as disrespect since you gotta great education seems like. But if all options dry out Lotta jobs in truck driving right now. Easy 50-65k out the gate. Been trucking for a year now. Just saving up probably do it another 6 months we'll see. Truck school is like a month n boom you gotta job right away.
Anyone is insane to live in SF. I knew that in the 90’s when I travelled there for work and my coworker said, “pick up one of those free real estate and rental books”. I did and I found dump junk one room apartments for sale for 1.2 million. I laughed and said, “I can buy a 7500 sq ft mansion in Atlanta for that much. (And a Lamborghini). These people are crazy”. Furthermore, I’m an engineer, and if I moved to SF from my southern home, my pay would be maybe 10% more. In can’t see the value in living there.Been there several times and I don’t see the value these people ascribe to the place. Terribly controlling, high tax, high rent, terrible politics, people urinating and dumping on sidewalks. People with needles hanging out of their arms, and all I’d be able to afford there as an engineer with 25 years experience, Master’s degree, almost finished with a Ph.D., would be a total dump in a horrible neighborhood. I have no idea how people survive there. No wonder so many are homeless. It’s a stinking travesty what politics and corruption has done there. I think I’ll stay in the southeast and if I want to live in an ocean town I can own a condo on the white sands of the Gulf of Mexico in Alabama or Florida for 1/3 of $1.2 mil. I feel sorry for anyone that’s not in the 1% living there, or even the 10% as engineers are. And you’re welcome for all the iPhones, gadgets, cars, bridges, roads, power systems, and the internet. Apple and Google didn’t invent it. Engineers did. So screw those tyrants.
@josh otis is there anybody wanna live w u ??? I rather spend some $$ to have a happy life than keep all $$$ and live a lone or lonely life in the corner of society .!!! I ain't born just to work , pay bill and die ..!
SF has the most tech companies which via higher profits, lower costs they can afford to pay employees ALOT, and all those employees need a place to live which creates a buying war where whoever has the most wins.
@voitdive That's a laugh. 'Frisco's DA is a joke. He's not even charging things like prostitution or vagrancy anymore. Hell, they decriminalized shoplifting; it's a $50 fine and a slap on the wrists.
As a Chelsea Manhattan resident since 2005 my entire block is all art galleries. Everything I need is in a three block radius with restaurants, stores, the Hudson Waterfront, Chelsea Market & The High Line is why I love where I live. With Rye, NY (my hometown) 23 miles north on Long Island Sound.
Ann G. Because only idiots like you who don’t live here think the streets are actually paved with shit. San Francisco has a lot of nice neighborhoods. It’s not all what you see on media.
$1450-1750 is still insane for a 1 bedroom apartment. In some areas such as in Pittsburgh with it's large medical industry, $1750 would rent an entire remodeled floor of a house in an upscale neighborhood.
People that make $10,000 a month a tech companies, after taxes. It's over though - Silicon Valley is doomed. Facebook is an unethical company and only unethical people work for it, and Google is now engaging in political censorship and the lie constantly about it. Those companies are dead now. That was a good portion of this area.
@Baked Beans And Toast Why can't they be rich Democrats? Limousine liberals? Who says they are Republican/Conservatives? Like all the Rich Hollywood people that are Conservative? Hahahahahhahahahahaha!!
Bush Man yeah it's the landlords fault that you voted to tax the shit out of them. Who did you think was going to help pay those taxes? Let me guess. NOT you. You must be an evil right-winger not wanting to pay your fair share.
@@libertywolf93 you sound uneducated about taxes...I suggest you sharpen your pencil Wolf. It's really sad how little Americans know of their laws that govern them. Read a book, its useful
@@vegasgirl3538 I mean most people that live there have these things called jobs. Not sure if you have heard of them but sometimes if you live somewhere and do work for someone they will pay you. Oh and SF has some of the highest paying jobs in the world.
I struggle understanding why anyone would pay that much for rent it is simply stupid. I don’t care if I made 200k a year I would never pay that much to rent. You are literally flushing money down the toilet. I would much rather buy a maxed out motor home. At least I can say I own it.
@@vinniehugo9065 Its a cesspool there........People get lured in with these high salaries not taking into consideration the cost of living. Its just like Hollywood where people dream of achieving fame its "Hi Tech fame" there. Once there they cannot get out without a large penalty. So they just stay and suffer. Never see such an Enchanting cesspool in my life......
Shiiit a studio in Cali can be up to 2000 plus . 500 is living like a king especially if you have a good job , hope that last you some quite a bit of time for you to benefit from it .
Broly The Sarcastic Savage 4000 a month could be skilled office labor. Programmer. Not many jobs pay that well these days... 20 years ago you could find double the amount of jobs that paid that well... Almost all jobs have been paying less and less while a few people at the top gets paid more and more... Tons of what used to be middle class jobs now pay minimum wage or close...
My wife and I have rented in the San Francisco Bay area for 35 years. We raised a family but were neverquite able to save enough for a down payment on a home. After 2009 we were helped by family because my business failed. I went o the road for 11 months sending money home to my wife. I told her then that no matter what we needed to buy land where I could build us a home with my own hands (Blacksmith and Carpenter). Fast forward to today. We still rent (in Pacifica) but we bought a piece of raw land in a neighboring state three years ago. It is 750 miles away but I have been developing it. Driveway, septic system, foundation for my shop is complete and I am Building a Timber Frame Lodge/ Cabin (small) on the property from lumber that I've milled myself with tools that I made with my own hands. We bought a new 30' Travel Trailer that is onsite now so if needed we could live there full time. We purchased the land ($15,000), the Travel Trailer and all of the infrastructure work ALL for less than the cost of Building permits would have been in California (thats right, not a typo) The Landlords here are the most greedy I have ever seen. Especially in the last 10 years. It has been unsustainable for a long time. I have ZERO sympathy to the scumbag Landlords. Break the leases people! It is the modern day version of SLAVERY. Buy a piece of land ANYWHERE (except California). Without it you have no safety, no sanctuary and no refuge. My property taxes last year were $178. I own the Deed.
I hope everybody just picked up and walked out of San Francisco and we see all those politicians and landlords on their knees begging people to come back
@@sd906238 Not a one can afford it. That's why folks are on the street. Y'all gonna learn soon that 4k a month will leave you ass-out as well as the poor!
Rent control implemented by the politicians is a major cause of the sky rocket rents. The politicians will do what ever necessary to get re-elected. In Los Angeles when they implemented rent control the number of new homes and apartments dropped and that money went to the suburbs. Nearly all of those politicians who voted in rent control are long gone dead and those who rent are paying the bill. BTW, I am landlord and have owned properties years before prices really rose.
I owned a house in San Francisco and what most people don’t understand is that a major reason for the high rent is because of the high taxes. I paid almost $20,000 a year in property taxes and city fees on a three bedroom house.
I read an article several years ago that multi-millionaire Diane Feinstein still took a $20,000(ish] annual stipend from the City of San Francisco for her time as mayor. I can't imagine how much wasted money is going to every weathy ex-city politician! Their city is struggling and these rich politicians have no concern.
So who votes for the people who raise the taxes? If you voted for it, stay put. Instead you Californians flee to other states and vote the same way, turning the new place into another California.
Haters gonna hate. Right? Seriously though, 40 million PEOPLE is JUST TOO MANY. Your world leaders know this. If the Virus fails -- and it might -- there's always the war: God vs God vs God vs God vs Not God, penciled in for THIS Christmas Day.
He chose to pay $4k a month just to live in SF. Which isn’t all that. He could have lived in the East Bay. But he wanted the SF address to impress his friends.
totally the free market's fault, instead of crime, sh8t and needles on the sidewalk, mobs of homeless, mobs of outrage mobs, mobs of commies, antifa, BLM, etc etc etc. LIke.. TOTALLY.
@Ray SosaSupply will always follow demand so who exact are you blaming again? Is it the regular poor folk who are willing to pay $4000/mo or the landlords willing to except it??? Living beyond one's means will never be an excuse for NOT being able to save money for the American dream regardless of ability or willingness.
@@akdreaming you can't pay your mortgage if your charging people rent like 4 K a month and then complain about it. Also, keep in mind that your in the middle of a pandemic which is making it hard. Luckily, a good portion of these people might be able to work from home, "IF", renter's employers would acknowledge that we are still in a pandemic and to exercise consistent measures for workers to be able to social distance in a safe manner. I don't know how you pay your mortgage, but working class people like me need to be able to work first, if our employer will let us, so we can earn pay in order to pay the landlords rent. See how that works?
My home town. I can't afford to live there. I'm glad the renters are breaking their leases. Landlords are gouging the people - $4,000 a month rent? Ridiculous.
I don't see how they paid 4k in the first place. I make $23 an HR and couldn't come close to covering the note and paying for food gas etc. I don't even make 4 stacks a month before taxes and I consider what I make great money.
Now if Candlestick was still active. Since it's gonna be a short season & SD will be enforced, why not go Candlestick for (30) home games? It'll be a novel way to do this extraordinary season. Bring in RF to 300'!
You get a large odor of human waste permeating the air when you enter the city over certain bridges. You're likely to get your car window smashed within 2 weeks and get a parking ticket the same day for the slightest infraction. AND if you try to set up a payment plan for a $160 ticket there's a $90 processing fee. Burn it down.
He said “sign a 1 year lease and ask for 1 month free”. At 4K a month for a place like that? Why? For what? IT’S Better to move off grid. Buy your own big plot of land and build whatever you want on it!
Rent control is focing landlords to exist renting out their properties and encourages below market renters to stay. Rent control is pushing rent prices up.
@@04dram04 Most landlords bought the properties when they were cheaper, probably right after the housing crisis or many years ago. The rent rises, but the mortgage doesn't. Rent has gone up more than double since 2010.
I’m 61 and I moved in with my parents after very suddenly losing my job and apartment due to COVID. I haven’t lived with them since 1976! The tables are turned and Im now the caretaker.
I mean, me and my room mates pay $1,800 here in LA, it's split 3 ways and it's pretty easy to afford for me, considering the fact that I make the $15 minimum wage full time, after utilities we all pay $700/mo each. But my brother who lives in San Francisco, pays $4,500 for his studio with his wife, and they make a 6 figure income and can't afford to stay there. Like Democrats aren't that much different from Republicans, because they don't care what the capitalist landlords charge in San Francisco, and they pass Rent Control way too late for it to even matter, but LA passed rent control right as the rents were starting to rise rapidly. Our landlord told us rent is going up no more than 4% next year, thats much more predictable for us than freaking San Francisco.
@@nunyadambusiness3530 its pretty simple logic. don't live where u can't afford to live & don't be silly enough to go where u can't afford to live. LA is less leftist than SF, hands down. Most of SoCal is governed better than NorCal. better roads, safer areas, etc. There are conservative leaders in many districts down there and their districts seem to do well so there is an overall balance. Maxine Waters for instance, runs a wonderful district kek. ok maybe not. she even knws b/c she doesn't live in it. LA has more affordable places available because its a large city with districts that are like towns. SF is a small town. U can walk more that 3 districts in a day. it is small af. so simple econ 101. Low Supply = High demand = Higher costs. SF is too small to sustain on the buffoons who hav come piling to its front door. Ur brother gets slapped with the high rent for several reasons. Democrats believe in high property taxes, especially in SF. so high that the rent needs to get jacked up in order to sustain the tax for the landlords. these high taxes go to a ton of stupid things including a homeless fund worth millions. most of the fund is spent on the city employees & admins who coordinate the fund and so the actual homeless folks only see around $30k at the end of each year. That includes the drugs & alcohol given to the bums to further advance their habits. another reason costs are so high in SF is in order to ward away section 8 folks with housing vouchers. they are a land lord's nightmare and can turn ur home or building into the projects. and since SF makes it hard to evict people, regardless of how awful they are, its easier getting a divorce. so the land lords jack up the prices so much that the vouchers cannot cover much of it, rendering it un-affordable, even for regular people. in SF u are not allowed to decline section 8 people now as a landlord either. so most landlords are going to bid high than before. the Coivd changed some stuff however, not really. Ur brother is better off finding a place in Daly City (located south of SF & next to it) or in the districts like the outer Sunset or richmond. I knw people in SF that live on 5 figure salaries, renting. They hav roommates so its possible to live in SF on 6 figures too. just gotta knw where to look and live. also knw to hav roommates.
part of the problem is that the banks have not decreased the monthly mortgage that the landlords owe. And then shareholders demand that banks pull a profit every quarter and stock prices go up. It's a vicious cycle.
@Anonymous Elizabeth rather be there than living near huge amounts of homelessness and nancy pelosi as your representative 😂 now that's a nightmare . I have walked by those streets in downtown SF my gf was terrified.
@@Honeycomblife if you are scared of Sf you are a giant wuss. Born and raised here. It's full of techies, polyamorous people and relatively harmless gay people who just want to bang each other, meaning they don't really pay attention to you. Are you homophobic? (for real)
This is one reason I left my home state of Cali. The cost of living is ridiculous, the state of Kentucky has been very welcoming and way way affordable to live.
I ain't complaining I pay $950 of rent for a two story country home with full basement and garage. I was paying 1525 for a shitty house. I worked in the school system and had a second job and was struggling in Cali. Imma tell you going from city life to country life was life changing and I love this quiet country life. I love the southern hospitality. Ppl from TN and KY have been very polite, open doors for you, say thank you and your welcome. I felt old when someone said to me, yes ma'am. But it's just courtesy. Not to mention good food!!!
Obviously you are too stupid to understand how mortgages work. The landlord's mortgage is higher in SF also. This is why you will never be a homeowner. Landlords with a full mortgage on a property do not get to charge double or more the mortgage in any market, the economy just doesn't support it. Thus they end up with a ridiculously high mortgage payment and the losers that rent then have to pay higher rent or nobody gets to live there.
@La Maci That's gotta be one of the stupidest insults I've ever heard. Your brain is sure empty with all that cat hair floating around in there. This is why you will never own a house, overwhelming stupidity. This is something most renters have in common.
I am in London, room with my roomies 500, no problem with anything, u want to talk u go to living room, u want privacy u go to your room - we build our own gym, making good money and saving a lot. If you pay 500 for nice big room vs 2000 for renting apartment its 1500x12 = almost 20k saved per year. Thats the way to live in expensive cities.
I agree with you. However, I don't think there are any simple answers to this problem. It doesn't matter whether you are a Republican or a Democrat. As far as I am concerned, life has been getting tougher since the early 70's. I remember having a premonition about how tough life was going to be as early as 1966. (I was 22 at the time.) It feels as if some of my worst fears have come true over the past 54 years. I'm grateful for whatever success I've had (due in large part to luck).
@@CelestialWoodway The boundaries of the middle class are fuzzy, but Wikipedia says from 25% to 66% of the households in America. So you might not consider it half the country, but it's definitely not "there is no middle class anymore."
You realize that the renters are what set the price right and not tge landlords? If all of these idiots werent forking over 4k and say only 2k the landlords have no choice but to lower their rent if theu want tenants.. Simple economics really...
For those who are saying the housing bubble is coming. This is bad news: house price in my area (Orange County, Southern California) is soaring. It might take longer to close out the deal, but price is staying firmly. The range between 600-800k. I have been watching closely since I am an investor. There is definitely no sign of a drop in price. As long as the price is reasonable given the condition of the house, there will be a buyer. I have seen, some properties, came to the market, within a couple days, it went to the escrow and the deal was done around 45-60 days. Longer than usual but the demand is still pretty high.
I was reading an article several days ago, written by Martin Luther King. He was giving lifestyle advice that was typical back in the 1960s. He said a house should cost no more than 2 to 3X of your annual income. But today, where can you buy a house like that, except maybe in rural regional areas? Certainly not in the suburbs of a major city.
They tried that in the early 2000's. Just about anyone who applied got a mortgage loan. But people got incredibly greedy and stupid. They bought home waaaaay beyond their means without thinking about how they would pay for it. The bubble burst and people had home they purchased and had no way of paying it off. Some people weren't meant for nice things.
Rent in certain area is higher than a mortgage in others. 4k a month rent you can buy a $250k or less and only need to pay under 1.5k a month on mortgage( that’s more than 50% less).
I got out of my apartment as soon as possible when the pandemic started because i lost my job and the building next door caught on fire. It was a sign for everybody in that building to get out. Everybody is going back home and I went back home as well. Nobody wants to be alone surviving this pandemic.
I find it funny the media glossing over the real issue. The media tells you what is acceptable for a rent negotiation. They really think we are idiots.
4k a month. No wonder the streets are filled with homeless
… and that was the cheap apartment .
APARTMENTS
@@luxuriousfir what is middle class? People that are nit rich, but make enough money to save and spend?
@@luxuriousfir that's not true . There are still alot of upper middle class people in Virginia and Maryland , including DC.
@@Kal-EL_Volta Yup. That's about Right 😂
Another 60% drop and they may actually become reasonable.
Exactly
Property tax alone would not allow that.
They too greedy in San Fran. I do not feel sorry for landlords
lmaoo
Affordable housing in this country should be at the top of the list of goals
Wtf does this city expect when 100K in SF is considered “low income”??
Problem is most of people who can afford that are in tech. The rest of the workers had to move outside the city and commute. Even Uber and Lyft drivers don't live in SF. Notice that people were leaving roommates in lurch. Because 1 bedrooms and studios still have roommates. If people rent a house, every room (except kitchen & bathroom) are used as bedrooms.
Now that there's COVID and tech is allowing people to work from home, the tech people are moving to cheaper states. Hopefully, tech will stay gone, and SF will have rents that are more reasonable for people who work in SF. Teachers, police, nurses, etc commute to work in SF for higher salaries. There was previously renter control, but it was weakened so that landlords could move in relative to break the lease and then raise rent. Which is how rent got to $4k for a one bedroom. Remember there was the real estate bust, but no one decreased the rents when that happened. Thus, when everything recovered, they kept increasing rents, even though they never reduced rents.
Actually 100k in SF is considered poverty level!
Crazy high rents unsustainable. Corona and high rent collapse the economy 3 months. Wow.
No wonder why some homeless give up all hope. They would have to work 3 jobs just to reach that 100k minimum living wage.
100k after taxs is like 75 then rent 4000 × 12 months equals 48000, after that u got 27000 after car payment and insurence and food and utilities what are you left with, thats for a single person making 100 k. Imagine making 50k.
Funny, SF is one of the most heartless city of landlords, and now they're scared. For years they walk all over the working poor, now they are about to feel the pain. now they are feeling this thing, but they didn't care much when others were suffering. Now it looks like they will feel what it's like to have things go bad, and no one to bail them out. Too bad for them, maybe they will learn some humanity. And in the future try to apply it towards their fellow man. Like many of those they felt superior to, they will have to hustle for a living! its a bit humbling but humble is not bad.
People never care till they have to wear the shoes of those they judged. Record americans getting passports and leaving the country but for years would look down on and condemn people coming to this country for more opportunity. Now that its them they wanna flee but when it was someone else they were cold and heartless. It just tells you alot about people.
They just laugh actually
Michael Brown no effect.
Can still charge and make a hefty profit.
Always reach people never ever appreciate what they have until they loose what they have in their hands. When they robe low income people and make them guilty they don't care because one move out 100 come in to rent. Now everyone is almost equal.
Better ask Nancy Pelosi and Kamala Harris, they are in charge.
The SF housing bubble is finally bursting.
N locals still can’t afford to stay.
Not yet
I don't think so
AWESOME! Karmas a bitch
It is about time. It has been past due for years.
These high rents and crazy housing prices have contributed to breaking the American dream.
You have to be asleep to believe in the American Dream.
@@tomcaron8297 Now we are awakening! Our grandfathers never had to work two or three jobs to support a family why should we?
Join us in the new Revolution!
@@joey882286 Go after credit rating agencies, those instruments a rigged
Breaking American Everything! War.
The concentration of wealth has broken "the American dream". Crazy housing prices in a few highly desirable locations is a symptom.
More collapse is underway. This game never could be sustained longterm. The party is over for both the greedy and the needy.
Votes matter and it works for a short time when liberal socialists are in control but eventually you destroy the source fo the wealth and once its gone, everyone suffers. Same thing has happened in Venezuela with people now digging in garbage cans to live that used to have middle class lives and jobs. But no more when socialist liberals have absolute control.
Define greedy.
Us needy didn't even get in the party smh
Bill Meeker you couldn’t be more wrong. Venezuela’s situation is a result of many factors. The main one being the nationalization of oil companies and crony capitalism and corruption. The sanctions being levied on Venezuela is also crippling the economy and driving inflation sky high. This is by design of the unites states and other countries who want a regime change in caracas.
@@ignignokt-6050 Socialism works great...until they run out of other people's money
I left my heart in San Francisco
And my security deposit
Haha
Is this why I see a flood of California license plates in Vegas?
If you're going to San Fransico, you should wear some flowers in your hair.
😂😂💀💀
John Watt bring some sort of weapon as well....
“2.7 millions adults moved in with parents”... well no shit, every single college got shut down in America.
It's disgusting that the cost of living is even ALLOWED to get this point. It's not even like these are upscale luxury housing units, theyre basic!
Bossy Tweed That’s what I was thinking too. No way in hell someone should pay $4000 for that bs.
High demand, they can charge what ever the market will pay.
Bossy Tweed who are you to “allow” a property owner to do as they please with their own property. Do you have a nice brown shirt to go with that goose-step?
Oh yes, I noticed that too!!! Just an older building in a nice neighborhood....I don't give a DAMB if it's downtown, $4,000 a month- gimme a break!!!
@@donleyp Here we go again. So calling something a Nazi is the panacea to arguments/points/ideas/views you disagree with? We do have home owners' associations, building codes, zoning laws, city ordinances, OSHA safety regulations, material safety standards, labor laws etc... that "allow" the property owner to do some of what they please to it.
living in a van down by the river has become a viable option...
School bus!
Cheap rv living on screwtube....great channel lots info💙
The rent is still toooo high
Nowadays you can't even find a decent river to park next to...
There is a real life billionaire that lives in a RV at a trailer park in Vegs I beleive
I wouldn’t live there even if I could afford it.
But, but the weather is perfect in S. California. Maybe a little smoke, but you can smoke your ham just by laying it out on the deck.
It's a beautiful city but it's for wealthy kids only
If it wasn’t for the people living in the streets, poop and needles I would live there. Just stay away from the gender confused and bml Marxists.
The Bay Area in general is a horrible place to live. It's a drug infested, homeless overrun, mentally disturbed, x con laden, overcrowded, over policed, filthy, polluted, treeless, traffic snarled shit hole. Trust me, I live there and can't wait to move.
CLEAN, SOBER, HEALTHY AND PROSPEROUS CALIFORNIA
4k a month? The stimulus check didn't even cover that
No it doesn't but he was eligible for the stimulus because he making well over 100k in tech
Whoever is paying 4k in rent is definitely making more than 75k a year so no stimulus check anyway
No wonder uncle Jesse and Joey lives w Dan tanner
My exact thoughts.
Oh shit it all makes sense now.
D. Perez big facts
🤣🤣
That neighborhood is actually one of the most expensive in all of San Francisco it has a park across the street
I mean 'breaking lease and fleeing' is one way to characterize the people running out of money and having to scrounge up money for a trip to their parents.
1200+ for a one bedroom, jeez.
And the part at the end where they name the cheapest places in the bay area and say that a 1-bedroom apartment in Vallejo is $1450. Vallejo!?
1200 here for a studio apartment in NJ
@@TheTruthFadeswithTime28 yea but in western pa 600 is a full apartment with 3 bedrooms total and a kitchen bathroom and dinning room i lived in new jersey for 2 years with a exgf and the state sucks ass in everyway you feel used daily by the goverment and the society is so splintered unless you find a group of friends there almost 0 way a average american can even feel like home you walk into any store and someones screaming spanish or worse you walk into a store and some person is telling you stuff that seems importaint in spanish and your the asshole for not knowing it
More like 1200 for One of the bedrooms in a two bedroom apartment
That is almost the price in West Palm Beach, Florida, for a one bedrooom.
You get around 800 ftsq for it but that's crap.
Run people ! Run for the hills! Teach these greedy bastards a lesson. There is no reason on Earth to charge this much for a place to live. No Deal
No......just keep leaving. The rents WILL come down. It's a renter's market now.
Not necessarily.
Folks still leaving the city... Corona and forced va sins.
CLEAN, SOBER, HEALTHY AND PROSPEROUS CALIFORNIA
If tenants are breaking their leases, that tells me the landlords refused to negotiate.
Pretty much, the land lords have been able to take advantage of the high demand for a awhile but now the shoe is on the other foot. The city has become less safe and functions at a lower capacity why am I paying 1500+ for rent still?
You understand that landlords have mortgages to pay....you understand how that works right?
@@akdreaming now they'll pay it still
Most liberals are very simple minded. They don’t understand the being a landlord is owning a small business. Do you think money grows on trees?
@@zoobrizz They are crap businessmen if they can't reevaluate risk. But hey instead of working with a current renter and securing some rent they can go on the open market and find a new tenant. There has got to be tons beating down their doors its not like we are in a worse recession than the '08 crash.
I make $25 a hour, in Wisconsin, not bad what so ever. I'd be homeless af in San Francisco, how much do regular Joe's make there?
Lol 14 an hour
They don't. Don't go there if you are average
Average Joe's live packed like sardines to compensate. Rent prices are set for mid level to senior software engineers, not even the interns or first year hires at those companies can afford what they're charging for 1 bedrooms or studios.
G Wong my heart bleeds for them. Oh wait. No. It doesn't.
10/hrs California is one of the states that exploits the immigrants to the fullest, no kidding lots of immigrants live pile up on 1bd apt that cost them 1500/ month not appliance included and forget about your deposit.
But in general is fair to say that the US is going at a rapid downs fall thanks to corruped and useless politicians.
lol when i lived in SF i had a one bedroom in the mission for $700. tech sucks. ruined the city
Get even with Tech ! SELL SHORT AAPL STOCK ! (lol)
I was paying $850 in the Outer Richmond,those days are gone forever.
Stop playing their game and vote with your wallet. I stopped buying from Amazon because they really did ruined seattle. Amazon will continue to get big if idiots keep buying echo and the yearly membership. Also dump their stocks and buy from brick and mortar store regardless how inconvenient it is.
Don't worry....it's just taxpayers that are leaving....the "homeless" are staying!
That’s what happen when you build a country on genocide and slavery, and continue to ignore human being problems. IGNORE IGNORE IGNORE, just like the president DOESNT know anyone, doesn’t know ANYTHING. A waste of space of a man.
Because the poor have it so good 🙄
The homeless will eventually leave if there’s no one to beg from!
@@lauram4240 And go where exactly? They're just gonna pack up a car and move to a nicer neighborhood? lol
You all are gross. You want to pick on someone your own size for a change?
When people take a dump on your doorstep it’s time to go!
It's only when the cops do nothing about it is when it's time to go.
yes, tell the mayor i'll be taking my dumps elsewhere. Hmm.
Meanwhile I'm here in the midwest paying $650 for a 3bd apartment with washer/dryer in unit and a fireplace. These numbers are insane to me.
Nice
That's how it was here in SF in the 80s. Then the dot com boom came and that was the first time rents went up. The second time was the tech boom after 2009. We got caught twice by a wild economy.
But you have to live in the midwest.
@@daddyinacaddy And that's a good thing. No needles or feces at your doorstep
@@daddyinacaddy The Midwest is beautiful except for the couple of months in the summer. I can't handle heat/humidity very well.
"Landlords can take action" yeah good luck with that in 2025 or whenever it is that the courts open backup.
Landlords: I'm going to charge a stupid amount of rent.
Also landlords: Why are all my tenants leaving during a pandemic?
That's not how it works.
They can’t charge more than it’s worth, rents are a function of location, property taxes, local school systems, local government,supply and demand and local real estate market . Don’t want to pay high rent just buy the building yourself and rent the rest of the units out.... as a landlord I’m so tired of ppl complaining about high rents, meanwhile property taxes have went from 4000- to 11000 a year in 20 years and I’ve only raised the rent from. 1200-1700 a month. School taxes are increasing at an unsustainable rate, Property taxes here have almost tripled and I make less now than when I got 1200 a month and I have hundreds of thousands of money plus a mortgage tied up in the rental. It’s going to get worse before it gets better,until ppl wake up and realize there’s no free lunch, and until property taxes are brought under control, rents will remain high.
@@JohnDiMartino So you are one of the crooks.
@@JohnDiMartino As things stand now, I wouldn't look for property taxes to decrease as states, particularly the so-called "blue states," find themselves trying to maintain state budgets with more people clamoring for socialist & welfare states especially with the economic impacts created by China's virus pandemic.
The landlords don't just choose their rent price. It is determined by the market, mostly by what renters are willing to pay. Most people living there are young people supported by wealthy parents, so when things went south there they likely just broke their leases and moved back with their parents.
Maybe people are leaving because San Fransisco is a toilet.
Exactly. It is the failed Democrat and liberal policies that have created and dangerous, disgusting cesspool of human debris. But hey, blame it on the China Virus. They need to shut down chinatown which provides cover for Chinese crime and espionage. And they need to clean up the poop, needle and urine tent cities and bring in a diversity of political viewpoints to balance the radical leftists that have ruined this once great city.
It does smell bad in places.
Most of California
They made it a toilet now they are apreading the shit by moving. Need to build a wall around California and Washington
@@guidedmeditation2396 Does anybody wants to do business in a Republican runs state? Rich Democrats states pay for Kentucky, Mississippi's federal funding. Do people flock over there or any Republican state to look for work? Nope. Why is that?
$4,000/mnth...that's $48,000/yr just for rent to live in a city where homeless people are allowed the shit in the streets. What a deal.
Where is this wonderful place you live that has no homeless people?
@@danigrey442 Trust me, there are plenty of cities that do NOT condone defecating in the streets. There is actually life outside of California.
Not sure if you have heard of them but there are these things called jobs. SF jobs often pay a lot.
Better move to India then XD
When "THEY" end entitlements, FEMA Centers will be the New Safety Net for those already 100% dependent on the government. Don't worry about us. Supplement F-U (Fentanyl eUphoria) is served every meal. So we're all Happy Campers -- even if the SOMA Coma kicks in on Day 6.
HEY! It sure beats begging, pooping, and dying in the streets. It's the humane solution. Besides, where else are we gonna find free food, shelter, toilets, showers (heh-heh) from YOU?
Fentanyl is a Synthetic Opiate, inspired by Huxley's SOMA for a Brave New World Order. "THEY" can always make more.
I love how the video shows a may literally running to move his things as if he's being chased!
The rent is stupid. This country’s sky high housing market acts like it doesn’t want it’s citizens to be able to live in clean, safe, affordable spaces. It’s really unfair because most people are hardworking citizens who can’t afford a decent place to live. It’s unconscionable.
American greed in it's purest form!!!
Speak for yourselves my rental is reasonably priced and not a dump
@@johnnyhotcakes5217 right! It's got nothing to do with "this country". Its the area you live in. I pay 1500 for a house in GA.
I'm from Boston, was able to buy outright in NC. Way better quality of life.
Ry No yeah there are plenty of areas of the country for people who have given up. There’s a reason those places are cheaper; no one wants to live there
the way the landlords jacked up the rent for those tech bros was greedy and essentially ruined the city .... i hope they suffer .... sf always had expensive rents but also a lot of places for young artists to live , too .... i’m glad the landlords are going to suffer ...
Supply and demand. You must work in the “arts”.
@@scottwasson you must be a tech bro
all those poor SLUMLORDS getting shafted for the rent. I'm really crying for them right now /sarcasm.
it's not really the landlord's fault that san francisco has ridiculous zoning restrictions that the supply of available rental properties is so low. nor is it to do with 'tech bros', b/c they're just going where the tech jobs are. if tech decided to put a headquarters in san francisco, of course that's where tech people are going to move to. the market always wins, one way or the other. if the supply is low and demand is high, the only way to balance supply and demand is to raise the rents. if san francisco genuinely wants to fix the problem of rents being too high, they can remove all zoning and building restrictions that have to do with heights of buildings and time it takes to process building new units. otherwise they're not really serious about solving this issue. but then again, property owners voted for this because they have a financial interest in keeping supply of housing low, to keep the value of their house going up.
Exactly my uncle was able to live there 25 years ago and instructed rock climbing
Best advice- leave California all together and never turn back!
Leave your liberal voting habits in CA!
Landlords: *Charge ridiculous prices*
This news piece: “What YOU should be doing better to make your landlords happy.”
*(chef's kiss)* Capitalism summed up in 18 words. So well done.
Yeah. Tax those evil landlords more. That'll help fix this. 🤣😂🤣😂🤣😂
Yup, anyone still think the News isn’t brainwashing
Seriously it's fucking tone-deaf news reporting like this that helps keep America in 3rd world country status.
Dysphoric - i didn’t really trip....i just didn’t.
Been gouging people to long. Backfiring on em now . $4000 a month for an apt. Ridiculous
That's a one bedroom apartment..!
You're not kidding.
That and they make it stupidly difficult for anyone to make new construction that might address it
Don't live here then. People trying to live outside their own financial ability
Then buy a property in SF and rent it out at the rate you think is fair.
About time. The bubble is FINALLY bursting
Alexander Maclean I don't think we've seen the bubble burst just yet I believe it's going to get worse.
@@garyquail2347 I agree with you. I won't be surprised when rents drop 30%
@@garyquail2347 Oh, this is JUST the beginning. If you have savings left, you would be better to review your lease, and negotiate at least paying some of your move out amount, and get all the landlords information if they plan to put a bad mark on your rental history that will need to be paid later, BUT, you can at least then move and rent these days is basically the same rate for 30 days at the Home2 Suites, then pay no residency taxes, and boom -- eventually you pay off the remaining balance, and then you get yourself into a new place somewhere else. Wherever jobs may still exist? LoL -- there used to be TONS of them, but these days it seems like my resume is falling on blind eyes and deaf ears.
@@JaredVonBaren I hear you about the resume thing. Ive been applying daily for over a year now. USCG veteran, college degree, robotics programmer....nothing.
@@skooliecaptain don't take it as disrespect since you gotta great education seems like. But if all options dry out Lotta jobs in truck driving right now. Easy 50-65k out the gate. Been trucking for a year now. Just saving up probably do it another 6 months we'll see. Truck school is like a month n boom you gotta job right away.
People living in tents are the problem..... NOPE charging 4K for an apartment is the problem😳
Anyone is insane to live in SF. I knew that in the 90’s when I travelled there for work and my coworker said, “pick up one of those free real estate and rental books”. I did and I found dump junk one room apartments for sale for 1.2 million. I laughed and said, “I can buy a 7500 sq ft mansion in Atlanta for that much. (And a Lamborghini). These people are crazy”. Furthermore, I’m an engineer, and if I moved to SF from my southern home, my pay would be maybe 10% more. In can’t see the value in living there.Been there several times and I don’t see the value these people ascribe to the place. Terribly controlling, high tax, high rent, terrible politics, people urinating and dumping on sidewalks. People with needles hanging out of their arms, and all I’d be able to afford there as an engineer with 25 years experience, Master’s degree, almost finished with a Ph.D., would be a total dump in a horrible neighborhood. I have no idea how people survive there. No wonder so many are homeless. It’s a stinking travesty what politics and corruption has done there. I think I’ll stay in the southeast and if I want to live in an ocean town I can own a condo on the white sands of the Gulf of Mexico in Alabama or Florida for 1/3 of $1.2 mil. I feel sorry for anyone that’s not in the 1% living there, or even the 10% as engineers are. And you’re welcome for all the iPhones, gadgets, cars, bridges, roads, power systems, and the internet. Apple and Google didn’t invent it. Engineers did. So screw those tyrants.
Don't forget the exorbitant state, local, and sales taxes.
The problem, though, is that you'd be living in GEORGIA, a condition which your 7500 sq ft palace and Lamborghini could still not fix.
@@rhizomorph-music no, he should live in Poopville, like you.
damn...had you purchased that property you would be a multi-millionaire.
Martin Encinal lol. That doesn’t sound good for the people there!
Hopefully rents continue to decline and housing stock increases. SF and the Bay Area in general has been too expensive for too long.
psfca , housing market will crash within a year , mark my words.
@Misterlaxx d 😂😂😂👏
@Misterlaxx d Sadly I know plenty of people making six figures that couldn't properly string a sentence together.
@josh otis No offence, Josh.
@josh otis is there anybody wanna live w u ??? I rather spend some $$ to have a happy life than keep all $$$ and live a lone or lonely life in the corner of society .!!! I ain't born just to work , pay bill and die ..!
It is mysterious to me why anyone lives in sf or nyc. Too expensive.
Greatest cities in the world
SF has the most tech companies which via higher profits, lower costs they can afford to pay employees ALOT, and all those employees need a place to live which creates a buying war where whoever has the most wins.
travelsofablackrose greatest cities means the worst places to live
@voitdive That's a laugh. 'Frisco's DA is a joke. He's not even charging things like prostitution or vagrancy anymore. Hell, they decriminalized shoplifting; it's a $50 fine and a slap on the wrists.
As a Chelsea Manhattan resident since 2005 my entire block is all art galleries. Everything I need is in a three block radius with restaurants, stores, the Hudson Waterfront, Chelsea Market & The High Line is why I love where I live. With Rye, NY (my hometown) 23 miles north on Long Island Sound.
Who in their right mind would pay $4000 a month for an apartment in a city like San Francisco, somewhere the streets are paved with 💩💩💩?
Ann G. Because only idiots like you who don’t live here think the streets are actually paved with shit. San Francisco has a lot of nice neighborhoods. It’s not all what you see on media.
$1450-1750 is still insane for a 1 bedroom apartment. In some areas such as in Pittsburgh with it's large medical industry, $1750 would rent an entire remodeled floor of a house in an upscale neighborhood.
I was in the city two weekends ago and did not see any shit. City is cleaner than ever.
SF is literally a shithole. Only people who move there from shitter places think it's clean.
People that make $10,000 a month a tech companies, after taxes.
It's over though - Silicon Valley is doomed. Facebook is an unethical company and only unethical people work for it, and Google is now engaging in political censorship and the lie constantly about it. Those companies are dead now. That was a good portion of this area.
Imagine as a landlord suing a tenant because they don’t want to live there no more.
I dont blame them. San Francisco is not what it use to be. Homelessness is everywhere now and the rent is beyond nuts.
Blame it on liberals voting in socialists and and smothering themselves in so much P.C. you cant fart without a permit.
Liberal run state. There you go.
And idiots ever voting for higher taxes. Don't forget that.
@Baked Beans And Toast move, if you dont like it get an apartment in a cheaper area. You techies can get a job just about anywhere.
@Baked Beans And Toast Why can't they be rich Democrats? Limousine liberals? Who says they are Republican/Conservatives? Like all the Rich Hollywood people that are Conservative? Hahahahahhahahahahaha!!
When you leave any state for New Jersey, then you know there are issues with that state
Hehehehehehe! Good one. 😂
🤣
Lmao and I know someone who just did this!! I'm dead🤣😂🤣😂💀☠
🤣🤣🤣
Lol
I hope these landlords realize THEY have caused the problem too. Charge a reasonable amount and people will pay
Bush Man yeah it's the landlords fault that you voted to tax the shit out of them. Who did you think was going to help pay those taxes? Let me guess. NOT you. You must be an evil right-winger not wanting to pay your fair share.
African Explorer Absolutely!
@@libertywolf93 you sound uneducated about taxes...I suggest you sharpen your pencil Wolf.
It's really sad how little Americans know of their laws that govern them. Read a book, its useful
@@kwamebushman606 No, you don't understand economics or regulation.
@@wlonsdale1 Okay
Alternate title:
"Idiots Finally Come to Their Senses."
Lol, right? 4k a month to live in a city where the streets are bathed in homeless people and feces? I wouldn't live there if you paid me.
Bwwwahahahahahahaaa! So good.
Yup
Haha! Truth
@@vegasgirl3538 I mean most people that live there have these things called jobs. Not sure if you have heard of them but sometimes if you live somewhere and do work for someone they will pay you. Oh and SF has some of the highest paying jobs in the world.
You paying 4000 a month for a apartment 🤦🏽♂️ 👎🏾
I struggle understanding why anyone would pay that much for rent it is simply stupid. I don’t care if I made 200k a year I would never pay that much to rent. You are literally flushing money down the toilet. I would much rather buy a maxed out motor home. At least I can say I own it.
Yes but that's where the job is unfortunately. Some people don't want 1+ hour commute each way. There's just not enough supply of real estate
4,000 a month for a apartment?!?!? Buy a beautiful mansion in the hills of wv for that
Do you people understand that that dudes salary is double or triple your salary?
@@vinniehugo9065 Its a cesspool there........People get lured in with these high salaries not taking into consideration the cost of living. Its just like Hollywood where people dream of achieving fame its "Hi Tech fame" there. Once there they cannot get out without a large penalty. So they just stay and suffer. Never see such an Enchanting cesspool in my life......
I live in a studio for 500 a month. I can’t imagine 4000 a month... I don’t even make that in my income!
What state are you in please? I assume you live in the United States
Shiiit a studio in Cali can be up to 2000 plus . 500 is living like a king especially if you have a good job , hope that last you some quite a bit of time for you to benefit from it .
I can’t find a place that cheap. Where are you?
@@TheBohemianStyle May be is posted from Telaviv like many proffesional central opinion makers
Broly The Sarcastic Savage 4000 a month could be skilled office labor. Programmer. Not many jobs pay that well these days... 20 years ago you could find double the amount of jobs that paid that well... Almost all jobs have been paying less and less while a few people at the top gets paid more and more... Tons of what used to be middle class jobs now pay minimum wage or close...
watch it. They may be leaving San Fran, but their Ideals stay with them.
My wife and I have rented in the San Francisco Bay area for 35 years. We raised a family but were neverquite able to save enough for a down payment on a home. After 2009 we were helped by family because my business failed. I went o the road for 11 months sending money home to my wife. I told her then that no matter what we needed to buy land where I could build us a home with my own hands (Blacksmith and Carpenter). Fast forward to today. We still rent (in Pacifica) but we bought a piece of raw land in a neighboring state three years ago. It is 750 miles away but I have been developing it. Driveway, septic system, foundation for my shop is complete and I am Building a Timber Frame Lodge/ Cabin (small) on the property from lumber that I've milled myself with tools that I made with my own hands. We bought a new 30' Travel Trailer that is onsite now so if needed we could live there full time. We purchased the land ($15,000), the Travel Trailer and all of the infrastructure work ALL for less than the cost of Building permits would have been in California (thats right, not a typo) The Landlords here are the most greedy I have ever seen. Especially in the last 10 years. It has been unsustainable for a long time. I have ZERO sympathy to the scumbag Landlords. Break the leases people! It is the modern day version of SLAVERY. Buy a piece of land ANYWHERE (except California). Without it you have no safety, no sanctuary and no refuge. My property taxes last year were $178. I own the Deed.
I hope everybody just picked up and walked out of San Francisco and we see all those politicians and landlords on their knees begging people to come back
Why? They got plenty of homeless bums that would love to move in for free.
@@sd906238 Not a one can afford it. That's why folks are on the street. Y'all gonna learn soon that 4k a month will leave you ass-out as well as the poor!
@@tripplefives1402 very true. Easier said than done sometimes though.
Rent control implemented by the politicians is a major cause of the sky rocket rents. The politicians will do what ever necessary to get re-elected. In Los Angeles when they implemented rent control the number of new homes and apartments dropped and that money went to the suburbs. Nearly all of those politicians who voted in rent control are long gone dead and those who rent are paying the bill. BTW, I am landlord and have owned properties years before prices really rose.
More room for disadvantaged drug addicts.
An apartment building will never get $4k out of me. Ever. Tf !
I owned a house in San Francisco and what most people don’t understand is that a major reason for the high rent is because of the high taxes. I paid almost $20,000 a year in property taxes and city fees on a three bedroom house.
I read an article several years ago that multi-millionaire Diane Feinstein still took a $20,000(ish] annual stipend from the City of San Francisco for her time as mayor. I can't imagine how much wasted money is going to every weathy ex-city politician! Their city is struggling and these rich politicians have no concern.
Ran by Dems, Just wait if you thought it is bad now.
So who votes for the people who raise the taxes? If you voted for it, stay put. Instead you Californians flee to other states and vote the same way, turning the new place into another California.
That's why the whole city needs to fall into the ocean. After evacuation, of course.
The s*** all over the streets weren't part of their apartment renting. They should be able to leave if they want it's a s*** hole.
The s*** all over is the real reason Cali is known as the Golden State. Fact.
Haters gonna hate. Right? Seriously though, 40 million PEOPLE is JUST TOO MANY. Your world leaders know this. If the Virus fails -- and it might -- there's always the war: God vs God vs God vs God vs Not God, penciled in for THIS Christmas Day.
4,000 a month... that’s crazy 😝..... I might as well put that towards a mortgage 🤦🏽♀️😑
Exactly.
Good luck covering taxes, sewage, etc
Yep..for 2 homes. :)
My mortgage ain't nowhere near that, but I don't live in Cali or NewYork. Maybe thats one of the reasons why I left California 23yrs ago.
Roy Scheider in a hamster suit lol.. I luv the saying sticks... that’s funny but you’re right 🤦🏽♀️
Yep, I'm good in Iowa. $800 a month utilities included.
The only reason i miss Iowa. I live in Montgomery County MD now... Sigh...
Still rip
Yeah that’s pricey I could get a 1bd in Portland for that
Your paying for a super liberal city just saying
$1000 a month, with a garage to myself, water included. Everett WA.
He chose to pay $4k a month just to live in SF. Which isn’t all that. He could have lived in the East Bay. But he wanted the SF address to impress his friends.
4,000.00 is half a year's rent in oklahoma for an average small house/apartment
Yeah, but it's Oklahoma.......
😳$4,000 a month in RENT? 🤣🤣🤣 I don’t care how much I’m worth...no ma’am!
San Francisco will rot due to the city’s greed from Landlords being greedy of tech workers’ salaries.
totally the free market's fault, instead of crime, sh8t and needles on the sidewalk, mobs of homeless, mobs of outrage mobs, mobs of commies, antifa, BLM, etc etc etc. LIke.. TOTALLY.
You understand that landlords have mortgages...and maintenance bills....and insurance....you understand this is how things in real life work...right?
@Ray SosaSupply will always follow demand so who exact are you blaming again?
Is it the regular poor folk who are willing to pay $4000/mo or the landlords willing to except it???
Living beyond one's means will never be an excuse for NOT being able to save money for the American dream regardless of ability or willingness.
New York will join them if landlords and realtors aren't put in check as well.
@@akdreaming you can't pay your mortgage if your charging people rent like 4 K a month and then complain about it.
Also, keep in mind that your in the middle of a pandemic which is making it hard. Luckily, a good portion of these people might be able to work from home, "IF", renter's employers would acknowledge that we are still in a pandemic and to exercise consistent measures for workers to be able to social distance in a safe manner.
I don't know how you pay your mortgage, but working class people like me need to be able to work first, if our employer will let us, so we can earn pay in order to pay the landlords rent.
See how that works?
This is the beginning lol !! About time!! It's going to happen all over the metropolitan cities.
San Francisco will become the next Detroit
My home town. I can't afford to live there. I'm glad the renters are breaking their leases. Landlords are gouging the people - $4,000 a month rent? Ridiculous.
Mine too.
SF is a memory for me now that doesn't even recognize the place when I do have to go back there for a visit.
That mother f***** should stay empty..... I hope everybody move out
Word. I hope this happens in nyc too.
I don't see how they paid 4k in the first place. I make $23 an HR and couldn't come close to covering the note and paying for food gas etc. I don't even make 4 stacks a month before taxes and I consider what I make great money.
@@treacherousjslither6920 I agree!!!
@@CharlieRootsMusic The struggle is real.... That's how if you ask me.
Too bad so sad, greedy vultures not getting 4500 for a broom closet anymore.
Too expensive. The landlords have a monopoly and they don’t care about San Francisco anymore. I’m glad to see the change
Curious that, while reporting from Pacific Heights area, he didn't point out the homes of Pelosi, HRC, Kamala, Feinstein, Boxer, Schiff, ...
“Landlords want those rents to stay where they’re at” lololol I’m sure they do!
That was one of the most "Captain Obvious" statements of the year. lol
Yes the damn thieves want to keep everything like it is..like we get that part 🙄
Lawyers and landlords, the true scum of the earth.
Actually what they really want is to keep raising rents every year.
Yeah, why take a couple months at an inflated rate. Markets down they’re down too
Gee, I can’t imagine why! High rent, homelessness, crime, drugs and feces on the streets....
Don't forget run by democrats! People never learn!
Now if Candlestick was still active. Since it's gonna be a short season & SD will be enforced, why not go Candlestick for (30) home games? It'll be a novel way to do this extraordinary season. Bring in RF to 300'!
San Francisco was trash 20 years ago when I lived there , I can’t even imagine how crappy it is now .
You get a large odor of human waste permeating the air when you enter the city over certain bridges. You're likely to get your car window smashed within 2 weeks and get a parking ticket the same day for the slightest infraction.
AND if you try to set up a payment plan for a $160 ticket there's a $90 processing fee.
Burn it down.
It's funny but people complain that landlords are greedy but same people agreed to pay 4K per month to begin with.
Who in the hell wants to pay $5000 a month for a Studio Apartment
4 k is a bargain..these people just dont know how good they got it
Said no one..
Great news!
Vote Democrat to turn your city into Detroit!
He said “sign a 1 year lease and ask for 1 month free”. At 4K a month for a place like that? Why? For what?
IT’S Better to move off grid.
Buy your own big plot of land and build whatever you want on it!
I left 6 years ago and so should yall. Rent should not be this high!
Rent control is focing landlords to exist renting out their properties and encourages below market renters to stay. Rent control is pushing rent prices up.
It wouldn’t be that “high” if idiots wouldn’t pay it.
There are some nice places is more remote parts of CA to live, but you don't get a city life. I hear Oregon is a good alternative.
How about move to a country side ?? U can be naked in & out around your place all day long ...! Nobody give a s....
@RXI _ You mean gays like Jeffery Dahmer? Great find.
I'm not going to be crying for those landlords
Yepp
@ beer.
Yes sir
Well the landlords are pay close to that in the mortgage and property tax
@@04dram04 Most landlords bought the properties when they were cheaper, probably right after the housing crisis or many years ago. The rent rises, but the mortgage doesn't. Rent has gone up more than double since 2010.
SF is falling apart and the cost is continually going up. Why would anyone want to live there?
14% sounds like a big drop but going from 4k a month to 3.4k a month for a 1 bedroom is still insane.
I’m 61 and I moved in with my parents after very suddenly losing my job and apartment due to COVID. I haven’t lived with them since 1976! The tables are turned and Im now the caretaker.
I’m 29 and my roommates are my 3 sisters and mom. It’s crazy but full house predicted the future. And I live in Arizona.
Hope things are working out for you!
Hope you and your parents are staying well!
It's like here in Los Angeles, high rent high homeless count.
All democratic cities are like this. But people just keep voting them back in. Instead of liberals protesting, how about change your voting habits
K Carnes so, Republicans can do better?
I mean, me and my room mates pay $1,800 here in LA, it's split 3 ways and it's pretty easy to afford for me, considering the fact that I make the $15 minimum wage full time, after utilities we all pay $700/mo each. But my brother who lives in San Francisco, pays $4,500 for his studio with his wife, and they make a 6 figure income and can't afford to stay there. Like Democrats aren't that much different from Republicans, because they don't care what the capitalist landlords charge in San Francisco, and they pass Rent Control way too late for it to even matter, but LA passed rent control right as the rents were starting to rise rapidly. Our landlord told us rent is going up no more than 4% next year, thats much more predictable for us than freaking San Francisco.
Dem/Prog/Bolsheviki policies have consequences...
@@nunyadambusiness3530 its pretty simple logic. don't live where u can't afford to live & don't be silly enough to go where u can't afford to live. LA is less leftist than SF, hands down. Most of SoCal is governed better than NorCal. better roads, safer areas, etc. There are conservative leaders in many districts down there and their districts seem to do well so there is an overall balance. Maxine Waters for instance, runs a wonderful district kek. ok maybe not. she even knws b/c she doesn't live in it.
LA has more affordable places available because its a large city with districts that are like towns. SF is a small town. U can walk more that 3 districts in a day. it is small af. so simple econ 101. Low Supply = High demand = Higher costs. SF is too small to sustain on the buffoons who hav come piling to its front door.
Ur brother gets slapped with the high rent for several reasons. Democrats believe in high property taxes, especially in SF. so high that the rent needs to get jacked up in order to sustain the tax for the landlords. these high taxes go to a ton of stupid things including a homeless fund worth millions. most of the fund is spent on the city employees & admins who coordinate the fund and so the actual homeless folks only see around $30k at the end of each year. That includes the drugs & alcohol given to the bums to further advance their habits.
another reason costs are so high in SF is in order to ward away section 8 folks with housing vouchers. they are a land lord's nightmare and can turn ur home or building into the projects. and since SF makes it hard to evict people, regardless of how awful they are, its easier getting a divorce. so the land lords jack up the prices so much that the vouchers cannot cover much of it, rendering it un-affordable, even for regular people. in SF u are not allowed to decline section 8 people now as a landlord either. so most landlords are going to bid high than before.
the Coivd changed some stuff however, not really. Ur brother is better off finding a place in Daly City (located south of SF & next to it) or in the districts like the outer Sunset or richmond. I knw people in SF that live on 5 figure salaries, renting. They hav roommates so its possible to live in SF on 6 figures too. just gotta knw where to look and live. also knw to hav roommates.
I'm so glad I don't live in California anymore 16 years of it and it's still the same thing.. I'm living a new life and I'm so happy.
He conveniently left out that people are flat out leaving California, not just moving to other parts of the state.
The rents have gone up by 40% in the past 5 years. Why can’t they go down by 40% during a pandemic and Great Depression?
Yeah, I'm wondering when the economy is going to start showing for the current events
Exactlyyyyyy! Cuz there are are greedy and disgusting people at the helm of this nonstop inflation boom...
part of the problem is that the banks have not decreased the monthly mortgage that the landlords owe. And then shareholders demand that banks pull a profit every quarter and stock prices go up. It's a vicious cycle.
But they do. Its just the beginning of the country-wide domino effect. Whatever goes up must come down.
4,000 a month in Oklahoma legitmently gets a mansion or a 3000+sqft house on multiple acres of land.
@Anonymous Elizabeth lol
@Anonymous Elizabeth rather be there than living near huge amounts of homelessness and nancy pelosi as your representative 😂 now that's a nightmare . I have walked by those streets in downtown SF my gf was terrified.
Hey guys we have a Costco too okay its not so bad here
@Anonymous Elizabeth trust me hipster, we couldn't care less what you think.
@@Honeycomblife if you are scared of Sf you are a giant wuss. Born and raised here. It's full of techies, polyamorous people and relatively harmless gay people who just want to bang each other, meaning they don't really pay attention to you. Are you homophobic? (for real)
I’m not from California, but excuse $4,000 a month! My rent was under $700 and I thought that was expensive!
Who the hell wants to live in San francisco?
Know your Money.
1) Gross Income
2) Net Pay
3) **Disposable Income**
Disposable income is key.
This is one reason I left my home state of Cali. The cost of living is ridiculous, the state of Kentucky has been very welcoming and way way affordable to live.
I was lucky ,after the Rodney King riots, I came to Kentucky . My mother had retired here ! What a small world ❣️
Just try not to vote in the same politicians and policies that destroyed California
What type of job did you have in Cali?
hacksawtheonly Greedy developers and conservative outsiders fucked up California’s affordability. People from places like Kentucky.
I ain't complaining I pay $950 of rent for a two story country home with full basement and garage. I was paying 1525 for a shitty house. I worked in the school system and had a second job and was struggling in Cali. Imma tell you going from city life to country life was life changing and I love this quiet country life. I love the southern hospitality. Ppl from TN and KY have been very polite, open doors for you, say thank you and your welcome. I felt old when someone said to me, yes ma'am. But it's just courtesy. Not to mention good food!!!
I am not sad for them landlords. Sorry $4,000 its 2 months of mortgage in some states. I used to live in LA. I am happy I left.
6 for a 3 acre farm my friend decided to lend money on for some reason
Obviously you are too stupid to understand how mortgages work. The landlord's mortgage is higher in SF also. This is why you will never be a homeowner. Landlords with a full mortgage on a property do not get to charge double or more the mortgage in any market, the economy just doesn't support it. Thus they end up with a ridiculously high mortgage payment and the losers that rent then have to pay higher rent or nobody gets to live there.
I miss my family there and wanna be back, in Philly now and omg $375 is my rent and if I were to move back it'd be like $1500 for me in LA by myself.
@La Maci That's gotta be one of the stupidest insults I've ever heard. Your brain is sure empty with all that cat hair floating around in there. This is why you will never own a house, overwhelming stupidity. This is something most renters have in common.
I am in London, room with my roomies 500, no problem with anything, u want to talk u go to living room, u want privacy u go to your room - we build our own gym, making good money and saving a lot. If you pay 500 for nice big room vs 2000 for renting apartment its 1500x12 = almost 20k saved per year. Thats the way to live in expensive cities.
No wonder why San Francisco has such a major homeless problem. $1450 a month is ridiculous!!!
There is no middle class anymore...there's rich and there's poor.
The middle class is about half the country. No reason to exaggerate/
I agree with you. However, I don't think there are any simple answers to this problem. It doesn't matter whether you are a Republican or a Democrat. As far as I am concerned, life has been getting tougher since the early 70's. I remember having a premonition about how tough life was going to be as early as 1966. (I was 22 at the time.) It feels as if some of my worst fears have come true over the past 54 years. I'm grateful for whatever success I've had (due in large part to luck).
@@barryon8706 Nope, Half the people make less than $30,000 dollars a year. Not enough to be middle class.
@@CelestialWoodway The boundaries of the middle class are fuzzy, but Wikipedia says from 25% to 66% of the households in America. So you might not consider it half the country, but it's definitely not "there is no middle class anymore."
CLEAN, SOBER, HEALTHY AND PROSPEROUS CALIFORNIA
Landlords have acted like an entitled superclass for too long. Whatever pain they feel is good for the city.
Great for The World!
You realize that the renters are what set the price right and not tge landlords? If all of these idiots werent forking over 4k and say only 2k the landlords have no choice but to lower their rent if theu want tenants.. Simple economics really...
They rent their places for whatever the market will bear. If you make more money they demand more money.
Landlords are pos
Millennials over pay for a lot of things. The landlord just sets the price.
The only thing that's 4k in your life should be a TV.
🤣🤣🤣🤣💯👏
👏🏻👏🏻👏🏻🤣🤣🤣
Preach 😂🤣😂🤣
I don't even HAVE a tv anymore. And the highest any of my equipment can do is 1080. XD
Only an idiot would pay $4k for a TV. You don't need anything over 1080P, unless you're trying to count the pimples on a pornstar's ass.
The Rich Rigging Real Estate is what causes Homelessness & People moving out.
Sad.
DEADGAME1805 so you admit Democrats are the problem? Better not let AntiFa/BLM/Communist/fascists hear you say that.
@@libertywolf93 deadgame probably wont admit democrats are the problem,,, but they are the problem
Finally they are waking up !! Stand together & Stop paying that DEPLORABLE RATE & watch it go down
Now they can go somewhere nice where the side walks don't smell like pee and poop.
Not if they drive prices up and the residents become homeless like in S.F.
And they will probably vote the same way the turned their city to crap. Liberalism sucks.
That's really just in the tenderloin
I don't feel bad for the Landlords or the greedy Air BnB owners.
Sigh...I wish you on the left would learn the meaning of Greed.
"Everything Is A Rich Man's Trick."
For those who are saying the housing bubble is coming. This is bad news: house price in my area (Orange County, Southern California) is soaring. It might take longer to close out the deal, but price is staying firmly. The range between 600-800k. I have been watching closely since I am an investor. There is definitely no sign of a drop in price. As long as the price is reasonable given the condition of the house, there will be a buyer. I have seen, some properties, came to the market, within a couple days, it went to the escrow and the deal was done around 45-60 days. Longer than usual but the demand is still pretty high.
I feel like rents all over the country need to go down by 50% if not more and the ability to purchase a home needs to be made a lot easier.
I was reading an article several days ago, written by Martin Luther King. He was giving lifestyle advice that was typical back in the 1960s. He said a house should cost no more than 2 to 3X of your annual income. But today, where can you buy a house like that, except maybe in rural regional areas? Certainly not in the suburbs of a major city.
They tried that in the early 2000's. Just about anyone who applied got a mortgage loan. But people got incredibly greedy and stupid. They bought home waaaaay beyond their means without thinking about how they would pay for it. The bubble burst and people had home they purchased and had no way of paying it off.
Some people weren't meant for nice things.
Making it easier to buy a home is exactly what caused the housing crash in 2008 though.
Supply and demand. We shall see what happens
Rent in certain area is higher than a mortgage in others. 4k a month rent you can buy a $250k or less and only need to pay under 1.5k a month on mortgage( that’s more than 50% less).
I got out of my apartment as soon as possible when the pandemic started because i lost my job and the building next door caught on fire. It was a sign for everybody in that building to get out. Everybody is going back home and I went back home as well. Nobody wants to be alone surviving this pandemic.
$1450!? That's the mortgage for my 4 bed 2 bath home!
I find it funny the media glossing over the real issue. The media tells you what is acceptable for a rent negotiation. They really think we are idiots.