So how much should you have to pay for a home in San Francisco (2015, apartment)

[bodyforlife99]

I'm noticing an exceptional amount of whining lately so let's just cut to the chase. How much do you feel would be the "fair share" you should have to pay for a home?

[jade408]

Originally Posted by bodyforlife99

I'm noticing an exceptional amount of whining lately so let's just cut to the chase. How much do you feel would be the "fair share" you should have to pay for a home?

That can't be answered out of context. What percentage of Ho,Es in San Francisco should be affordable for people with the median income is a better one. I believe the current number is 15%. The problem is that here, you need to go 60 miles out to find a place where more than 50% of homes are affordable to pole with San Francisco's median income.

[bmw335xi]

None of the above... Whatever the market dictates at the time.

However, I'd say a 1,500 sqft property should cost around $500,000 for it to be worth it in San Francisco.

[Ruth4Truth]

Define "home".

[checkup]

Your question and post misses the main premise of all the complaints: the "market" in SF isn't a free market at all. It's dysfunctional and distorted by major supply restrictions.

Ppl aren't asking for a price that's "fair"; they're asking for a price that is consonant with an actual, functioning free market -- or something much closer to a free market like you find in most other cities -- that doesn't have supply (i.e., half of the supply/demand equation) artificially capped

If SF was building 0.5 housing units for every new resident (the least it should be doing) rather than less than 0.2 (see http://sf.curbed.com/2015/2/4/999538...-housing-stock), housing and rent prices would be far lower

[bodyforlife99]

Originally Posted by Ruth4Truth

Define "home".

3 bedroom

1500 Square Feet

[bodyforlife99]

Originally Posted by checkup

Your question and post misses the main premise of all the complaints: the "market" in SF isn't a free market at all. It's dysfunctional and distorted by major supply restrictions.

Ppl aren't asking for a price that's "fair"; they're asking for a price that is consonant with an actual, functioning free market -- or something much closer to a free market like you find in most other cities -- that doesn't have supply (i.e., half of the supply/demand equation) artificially capped

If SF was building 0.5 housing units for every new resident (the least it should be doing) rather than less than 0.2 (see SF's Population Is Growing Way Faster Than Its Housing Stock - Curbed SF), housing and rent prices would be far lower

Uh huh. So which one is that?

[neutrino78x]

You can get a two bedroom condo or apartment on the median income -- middle class income -- of 100k in Silicon Valley. That's middle class housing in the Bay Area.

[checkup]

Originally Posted by bodyforlife99

Uh huh. So which one is that?

None; your poll is flawed

[bodyforlife99]

Originally Posted by checkup

None; your poll is flawed

Hilarious. You talk a good show though.