Median rent madness v. SF

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Automatik's avatar

Automatik

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14,632 posts
Oct 27, 2015 12:09 PM
I posted something similar about a year ago discussing astronomical rents and San Francisco being the most expensive in the US.

Well SF's median rent went up 13.1% in a year. A 2 bedroom is now at 5k. Fucking crazy. :RpS_blink:

https://www.zumper.com/blog/2015/10/zumper-national-rent-report-october-2015/

Columbus sitting at #40.

Oct 27, 2015 12:09pm
Fab4Runner's avatar

Fab4Runner

Tits McGee

6,196 posts
Oct 27, 2015 12:58 PM
Living in a large city does not appeal to me whatsoever. This is one reason.
Oct 27, 2015 12:58pm
S

Sonofanump

Oct 27, 2015 1:03 PM
I paid $90 a SF for a brick house on a golf course, full basement, additional three season room and three and half car attached garage. Hope this helps.
Oct 27, 2015 1:03pm
Automatik's avatar

Automatik

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14,632 posts
Oct 27, 2015 1:06 PM
Sonofanump;1759318 wrote:I paid $90 a SF for a brick house on a golf course, full basement, additional three season room and three and half car attached garage. Hope this helps.
Because, Ohio?
Oct 27, 2015 1:06pm
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Oct 27, 2015 1:46 PM
I don't get the appeal.
Oct 27, 2015 1:46pm
Automatik's avatar

Automatik

Senior Member

14,632 posts
Oct 27, 2015 2:00 PM
I've never been to San Francisco, but I have several friends there. I'm eventually going to plan a trip the check the hype.

Surprised Oakland is so high. I've always heard it was a shithole.
Oct 27, 2015 2:00pm
Q

QuakerOats

Senior Member

8,740 posts
Oct 27, 2015 2:01 PM
gay lives matter
Oct 27, 2015 2:01pm
S

Sonofanump

Oct 27, 2015 2:17 PM
Automatik;1759319 wrote:Because, Ohio?
Because rational housing prices in Ohio.
Oct 27, 2015 2:17pm
Automatik's avatar

Automatik

Senior Member

14,632 posts
Oct 27, 2015 2:19 PM
More like below average cost per square foot.
Oct 27, 2015 2:19pm
Z

Zoltan

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1,003 posts
Oct 27, 2015 2:43 PM
San Francisco is beautiful, and has everything you could want in a city. It's nice to walk over a hill be greeted by a stunning view of a bay with mountains. That said, not worth it.
Oct 27, 2015 2:43pm
R

raiderbuck

Senior Member

1,623 posts
Oct 27, 2015 3:08 PM
I live in a one-bedroom apartment in one of the most desirable neighborhoods in Chicago. I pay less than the average (according to that list). Zumper can suck it.
Oct 27, 2015 3:08pm
Laley23's avatar

Laley23

GOAT

29,506 posts
Oct 27, 2015 3:11 PM
Oakland is high cause it's close to SF lol. It is a shithole, but does have very nice places on the water. SF has the best views in the country, IMO.
Oct 27, 2015 3:11pm
SportsAndLady's avatar

SportsAndLady

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35,632 posts
Oct 27, 2015 3:44 PM
raiderbuck;1759353 wrote:I live in a one-bedroom apartment in one of the most desirable neighborhoods in Chicago. I pay less than the average (according to that list). Zumper can suck it.
Yeah, same. I don't own, but I rent on Michigan Ave and my rent isn't high at all. The owner's monthly payments aren't much higher than my rent payments.

Point being, you can live in a big city and find affordable, nice places.

...except in SF. Fuck that place.
Oct 27, 2015 3:44pm
Automatik's avatar

Automatik

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14,632 posts
Oct 27, 2015 4:39 PM
It's getting harder and harder here in Brooklyn. Affordable and nice means hellish commutes. I just moved further out 2 months ago, not thrilled about it, but it's a lot cheaper.
Oct 27, 2015 4:39pm
like_that's avatar

like_that

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Oct 27, 2015 5:29 PM
Automatik;1759371 wrote:It's getting harder and harder here in Brooklyn. Affordable and nice means hellish commutes. I just moved further out 2 months ago, not thrilled about it, but it's a lot cheaper.
Do you live by yourself or room with others? NYC also gets you with those broker fees.
Oct 27, 2015 5:29pm
Automatik's avatar

Automatik

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14,632 posts
Oct 27, 2015 5:35 PM
I have roommates, but I'm not on a lease...month to month.

Luckily I never had to deal with ridiculous broker fees. We had one at my last place, but it was a flat fee. It was around $400 a person, so not bad at all. My friend (a finance baller) just signed for a place. The fee was 15% of the full year's rent. It's absurd.


I'm assuming other metro areas deal with fees too?
Oct 27, 2015 5:35pm
like_that's avatar

like_that

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26,625 posts
Oct 27, 2015 6:02 PM
Automatik;1759390 wrote:I have roommates, but I'm not on a lease...month to month.

Luckily I never had to deal with ridiculous broker fees. We had one at my last place, but it was a flat fee. It was around $400 a person, so not bad at all. My friend (a finance baller) just signed for a place. The fee was 15% of the full year's rent. It's absurd.


I'm assuming other metro areas deal with fees too?
No such rates in DC. DC has some very strong tenant rights. Rent is high, but you get a lot more bang for you buck than you will in NYC.
Oct 27, 2015 6:02pm
SportsAndLady's avatar

SportsAndLady

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35,632 posts
Oct 27, 2015 6:23 PM
Aren't broker fee's just built into your first month's rent (nothing additional than what you already pay)? Never used a broker, but I thought that's how that works?
Oct 27, 2015 6:23pm
Automatik's avatar

Automatik

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14,632 posts
Oct 27, 2015 6:28 PM
Here it's a percentage of the full year, flat fee, or just one month on top of first month, security, sometimes even last month's too. It's fucked.

No fee is possible you just have to search your ass off and deal with a lot more bullshit.

Pay the fee and the broker does the work for you.
Oct 27, 2015 6:28pm
G

gut

Senior Member

15,058 posts
Oct 28, 2015 4:48 PM
SportsAndLady;1759395 wrote:Aren't broker fee's just built into your first month's rent (nothing additional than what you already pay)? Never used a broker, but I thought that's how that works?
Yes, many times the landlord is actually paying the broker first month's rent. You as a consumer don't pay anything extra, but it varies depending on where you are.

And some of these units get listed with multiple services. Really pissed me off one time when I was moving out and I was getting 2-3 calls a day to show my apartment. They were supposed to give you 24-hr notice, but I would have them call me up wanting to show someone in half an hour. And it's because if they have to wait a day, they might lose the sale(commission). After about 3 calls like that I put my foot down. Fortunately it did rent pretty quickly, but I still had about 10 showings over 2 weeks.
Oct 28, 2015 4:48pm
T

Tiernan

Senior Member

13,021 posts
Oct 28, 2015 8:10 PM
SF is a great 3 day visit (much like NYC & Vegas) but all 3 would suck to live in 365. I was in SF a couple months ago and hipsters have taken over the Wharf area. I'm all for hipsters being stupid and paying for rent thru their nose ring.
Oct 28, 2015 8:10pm
R

raiderbuck

Senior Member

1,623 posts
Oct 29, 2015 8:53 AM
Automatik;1759390 wrote:I have roommates, but I'm not on a lease...month to month.

Luckily I never had to deal with ridiculous broker fees. We had one at my last place, but it was a flat fee. It was around $400 a person, so not bad at all. My friend (a finance baller) just signed for a place. The fee was 15% of the full year's rent. It's absurd.


I'm assuming other metro areas deal with fees too?
Not in Chicago. At least not on that level. You can use a realtor to help you find a place, and yea you might encounter a fee with that. But we also have apartment finder services that have low fees. I think I paid maybe $80-$100 for an application, followed by the standard 1st month's rent. But beyond that? Hell no, NY real estate fees are in a league of their own.

Sometimes the apartment finder people are free. You just end up paying the actual landlord. I've had that happen once.
Oct 29, 2015 8:53am