Median income is between 70,000 and 80000 a year, and 75%+ who live here cannot afford to buy a home. $500,000 will get you a small 2 bedroom home in an decent neighborhood. Anything of decent size in a nice (not exclusive) neighborhood and you're talking 750k to start. But Ben knows better than me. The upside is rent control. You get a life estate basically, not just a leasehold. And that's another reason there are so many westys here! People cannot afford to live in houses. At 20k, they're a bargain! Brian Asbury wrote: > > Ok, even I have to admit this thread has gone on way too far, but HOW do > real people actually afford to live in San Francisco. Is everyone making > THAT much money? Median house price at 500K? If I wanted to buy a $500K > house around here, I would have trouble finding one..and then, I would get a > historic antebellum mansion with the Gulf of Mexico in the front yard. > > Brian > > > Stephen, > > > > He is understating the rental value. My client rented out Summer > > Sander's old > > digs in the Marina for a teensy bit more than what we originally had it > > rented for. It's a one bedroom next to the local health club. Used to rent > > for $2400. Now it;s rented for $3700. > >> all rights reserved |
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