Comment by krigi

The housing problem is real. The suppliers/property owners know there is a lack of supply, so now they're just getting greedy.

Three hours ago this unit was $1600. It was updated to $1800. http://sfbay.craigslist.org/sfc/apa/4726648527.html

It doesn't even have a kitchen. It's just a room with a toilet - at nearly $10 per sq. ft.