6 Figure Salary In San Francisco Now Considered "low income"

A close friend has a sister who was/is a real estate agent in San Francisco. Several yrs ago friend accompanied her sister on a showing of a $1M house. She told me all about it...to quote Bette Davis: "What a DUMP.". :laugh:
 
Recycled news, actually. Migration IN is still higher than migration OUT. Also, the people moving in have a higher income than the ones leaving - which of course, leads to more problems.

For all the dissing on CA, my aunt in Seattle was very happy to sell her old SFH in Beacon Hill to a Californian moving in, for way more than she ever thought it would be worth. She leads a very comfortable lifestyle now in senior housing not far from her old home.

San Francisco is geographically challenged. There isn't that much land to build on when you're surrounded by water on three sides, your interior boundary is limited by other cities next door, and the geologic foundations of most of SF are vulnerable to earthquakes.

Report: Dozens Of San Francisco High-Rises At Risk Of Collapse In Major Quake
https://sanfrancisco.cbslocal.com/2018/06/14/san-francisco-high-rises-earthquake-risk/

The codes for SFH and apartment buildings lower than 4 stories, are actually more strict than for commercial or residential buildings of 4+ stories - another de facto limit on density.
 
RadishRose said:
The San Francisco housing market is so absurd that restaurants are putting diners to work because they can't afford to pay workers



  • Housing in San Francisco is so costly, restaurant workers are leaving the city for more affordable regions, according to a report in The New York Times.
  • Some of the city's restaurants can't find — or can't afford — front-of-house workers. They're finding solutions for operating without helping hands.
  • Some restaurant that look like full-service spots have diners seat themselves, fetch their own water, bus their table, and more.

http://www.businessinsider.com/san-francisco-expensive-restaurants-cant-afford-workers-2018-6

for more.
Click to expand...

Boo hoo, what a tragedy. :rolleyes:
 
Lethe200 said:
Recycled news, actually. Migration IN is still higher than migration OUT. Also, the people moving in have a higher income than the ones leaving - which of course, leads to more problems.

For all the dissing on CA, my aunt in Seattle was very happy to sell her old SFH in Beacon Hill to a Californian moving in, for way more than she ever thought it would be worth. She leads a very comfortable lifestyle now in senior housing not far from her old home.

San Francisco is geographically challenged. There isn't that much land to build on when you're surrounded by water on three sides, your interior boundary is limited by other cities next door, and the geologic foundations of most of SF are vulnerable to earthquakes.

Report: Dozens Of San Francisco High-Rises At Risk Of Collapse In Major Quake
https://sanfrancisco.cbslocal.com/2018/06/14/san-francisco-high-rises-earthquake-risk/

The codes for SFH and apartment buildings lower than 4 stories, are actually more strict than for commercial or residential buildings of 4+ stories - another de facto limit on density.
Click to expand...

Exxxxactly!
 
I'd live in Frisco if weather were my only concern. It's almost never too hot and definitely never too cold. Besides, those of us who live in other places don't have homes that cost less. A nice home with adequate land isn't cheap anywhere. As far as I'm concerned, however, other sorts of problems make the place unlivable.
 
Big Horn said:
I'd live in Frisco if weather were my only concern. It's almost never too hot and definitely never too cold. Besides, those of us who live in other places don't have homes that cost less. A nice home with adequate land isn't cheap anywhere. As far as I'm concerned, however, other sorts of problems make the place unlivable.
Click to expand...

Different strokes for different folks, as always.

The SF Bay Area has pretty much the same problems as NYC or Chicago, but better weather. $117K for a family of four could easily be low-income depending on how much rent one is paying.

When we finally bought a home across the Bay and left San Francisco, because of rent control our rent after 17 years at the same address, was less than half market rent. So for us, had we been a family of four with $117K income, that would be more than sufficient.

But when we left the rent was allowed to go to market rate. I believe it currently rents for $2,800/mo - in which case $117K won't go very far trying to educate, clothe, and feed two kids.
 
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