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The Median Rent for an SF Two-Bedroom Hits $5,000/Month

HappyHighwayman said:
Ideally, early retirement at an age where my body still functions sufficiently to enjoy travel, my hobbies, perhaps more motorcycling, cooking, etc. My dad is 66 and fairly "young", got remarried to a hot lady in her 50s, gonna retire, travel, play with his dog, exercise more etc.

I mean, there is a lot more to life for us 1st Worlders than survival.
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You'd be surprised how much you can put away when you're not paying for the crap you don't actually need.

"Life-style and obsession
Diamond rings get you nothing but a life long lesson
And your pocket-book stressin'
You're a slave to the system, working jobs that you hate
For that shit you don't need
It's too bad the world is based on greed

There's no money, there's no possession
Only obsession, I don't need that shit
Take my money, take my possession
Take my obsession, I don't need that shit"

HappyHighwayman said:
It costs me less to own than rent...it would have to be a serious emergency to somehow make it go the other way.
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Maybe when you bought it did. Could you still be in that same situation if you bought again today?

I used to own a home in Livermore that I was forced to sell when I got divorced. I pay more in rent now than my mortgage and utilities cost me combined in 2009 when I bought that house. However, that same home is now valued over $300K more than what I paid for it. If I were to try to buy that home today with the same terms I did in 2009, there's no way it'd be cheaper for me to buy versus renting. Our current home is somehow valued at over $800,000. I can't even fathom that even though it's a nice home. The prices are so inflated in the bay area in general.

Eldritch said:
Don't forget. The Blonde needs you to buy booze too.
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Kelly's a lightweight. I'm good. :thumbup

m_asim said:
I didn't know Climber was going to accompany Kornholio :p
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:rofl
 
I wouldn't buy a house today...and I'd probably move back to Canada. But I did, and I do have one now, and it's currently cheaper than renting.
 
Kornholio said:
Right. It was...that's my point. The times they are a changing...
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Absolutely. No question. I got LUCKY. I am not smart, just lucky. I invested in the market in 2008 at the very bottom. Luck. I bought a house at exactly the right time. Luck.

However, I do have a great Consigliere
 
Kelly and I have wanted to move to SF many times. Every time we're ready to do it though, the prices skyrocket. It really sucks.
 
My dad wants me to make some decisions regarding my future in the Bay Area. He thinks I won't want to do 75 miles per day on the bike to commute to Stanford...but ironically it's more expensive around there in Menlo Park and Atherton etc than it is in the City.

He says it's fine if I want to work for the Uni for the rest of my life as long as I have a plan...
 
HappyHighwayman said:
My dad wants me to make some decisions regarding my future in the Bay Area. He thinks I won't want to do 75 miles per day on the bike to commute to Stanford...but ironically it's more expensive around there in Menlo Park and Atherton etc than it is in the City.

He says it's fine if I want to work for the Uni for the rest of my life as long as I have a plan...
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....There are PLENTY of places closer to Stanford than SF that are easily 2/3 to 1/2 the price in rent. Foster City, Redwood City, Palo Alto, San Mateo, etc...

Example:
http://sfbay.craigslist.org/pen/apa/5279539204.html
 
Even on 280 commute will suck. In the morning all the exits from 280 are backed up, in every 280 backs up around Stanford, 92 and near the city.
 
That's 2 hour commute a day. Even on a bike, not that much fun. Specially in the winter.
 
HappyHighwayman said:
My dad wants me to make some decisions regarding my future in the Bay Area. He thinks I won't want to do 75 miles per day on the bike to commute to Stanford...but ironically it's more expensive around there in Menlo Park and Atherton etc than it is in the City.

He says it's fine if I want to work for the Uni for the rest of my life as long as I have a plan...
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I do 62 miles on the bike and it's grueling, still better and less stressful then by car but it does takes a toll on you.

Living near work isnt a luxury most people here can afford. I ask myself all the time what am I getting by staying here? Sure the weather is nice and the food is good, but my good friend lives in PA and owns a home at 28 and has a 5 minute commute. Granted she doesnt make much money but how much more do you need then that?

Thet only thing really keeping me here is family and fear of change. I want to leave so badly. How can you afford to have your own family when it costs so much to find a place with more then one room and you pay so much in rent that its so hard to save for a downpayment? Even if you can, 20-30% of a 500k house is a fuckton.
 
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Kornholio said:
I used to own a home in Livermore that I was forced to sell when I got divorced. I pay more in rent now than my mortgage and utilities cost me combined in 2009 when I bought that house. However, that same home is now valued over $300K more than what I paid for it. If I were to try to buy that home today with the same terms I did in 2009, there's no way it'd be cheaper for me to buy versus renting. Our current home is somehow valued at over $800,000. I can't even fathom that even though it's a nice home. The prices are so inflated in the bay area in general
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A handful of people have seen my home. It's "special" and valued at $1.6-$1.9. That's literally the value of the dirt (10,000sqft) as it would be bulldozed days after close. My mind is blown every time someone lists a similar home for sale. It's outrageous.
 
UDRider said:
Kind of gets old when you have to do it in the dark when it's cold and raining.
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Does that happen anymore?
There will be days like that but on a typical California day the motorcycle can save you and hour per day (for some). For them thats 5 hrs less per week in traffic.
I would go mental sitting in stop and go for two hours per day, unless I was carpooling with someone else driving.
 
Yakoo752 said:
A handful of people have seen my home. It's "special" and valued at $1.6-$1.9. That's literally the value of the dirt (10,000sqft) as it would be bulldozed days after close. My mind is blown every time someone lists a similar home for sale. It's outrageous.
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It totally is.
 
Outrageous .. just like it was in 2008.
Yet, swaths of people don't see this until it manifests itself through a 'crash'

Equity markets.
Student loans.
Real-estate.
Car-loans.
National debt.

7 years shy of a grand lesson and yet :
Here we are again

This next one will be epic, well deserved, and without excuses.
 
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