Wednesday, October 3, 2012

Got a trust fund?

Because if you're thinking about moving to SF you're gonna need more than a job, even a good paying one.  I found this map (click on the map to see the whole thing) that highlights the cost increase in just one year in different neighborhoods in the already outrageously priced and laughable rent market.  These are just average price listings too.  Yeah, you might find something cheaper but you'll also find plenty more expensive.  Look at the Mission, where I work, it's a great neighborhood but it's filthy dirty and kinda sketchy, especially if you're a female at night.  $2600 is the AVERAGE! price listing?  Who the fuck can afford that?!  Half, yeah that sounds reasonable.  And that's not even almost the most expensive neighborhood.  It's completely insane, landlords and the city have lost their minds. 

So yeah, if you want to move down here you might be living in Oakland, and that no cheap date either, just more of a chance your bike won't make it home with you.  Or, if you have a trust fund and a good job head on down, it's a great place and you can probably afford a few months rent before you have to move back in with your parents.  Rabble-B

2 comments:

  1. So...

    If you are spending 30%

    (max without it being a "burden" according to 2010 US census)

    of your take-home pay on rent alone, to afford to live in the mission district

    ($2,645/monthx12 months = $31,740 annually)

    you only need to make

    ($31,740/.3=$105,800*net)
    Federal Income Tax ($40,318.50)
    Social Security ($4,624.20)
    Medicare ($2,457.75)
    State Income Tax ($12,508.03)
    Local Income Tax ($2,542.50)
    State Disability Ins. ($1,119.79)


    $169,500 a year! Which is only

    ($169,500/$33,900=5)

    exactly 5 times what I made last year...

    ReplyDelete
    Replies
    1. Yep, and then you'd still be living in the Mission...

      Delete