The rent prices in SF (and around) have baffled me ever since I moved here in 2011. Can anyone explain who is supposed to be able to afford $3k+ for a studio?
Me and my gf both work in tech (making well north over 100k each) and between the two of us we barely can afford a 2bedroom apartment for about 3k/mo. I can't imagine living by myself and paying such insane amounts on rent alone. After adding in things like student loan payment, car payment and groceries/living expenses there isn't much left to save or do anything extra? (Don't even get me started on trying to "buy" a place and coming up with a downpayment, which is very different dynamic on by itself)
So, I can only assume that everyone who is able to drop 3-5k on rent alone must be making 200k at least? There can only be that many "Directors of engineering", "Heads of dev"? Clearly I am doing something very wrong here.
Me and my gf both work in tech (making well north over 100k each) and between the two of us we barely can afford a 2bedroom apartment for about 3k/mo. I can't imagine living by myself and paying such insane amounts on rent alone. After adding in things like student loan payment, car payment and groceries/living expenses there isn't much left to save or do anything extra? (Don't even get me started on trying to "buy" a place and coming up with a downpayment, which is very different dynamic on by itself)
So, I can only assume that everyone who is able to drop 3-5k on rent alone must be making 200k at least? There can only be that many "Directors of engineering", "Heads of dev"? Clearly I am doing something very wrong here.