Adrianna Tan
Apparently the rental market in SF is so hot right now that people are bidding 60% over asking and offering to pay cash up front for half the year
What the fuck
Thankfully most of the people who do this are still scared of east bay so I guess we gotta move at some point anyway
Adrianna Tan
People are also buying multi million dollar homes in all cash so
Douglas
@skinnylatte woah when did SF housing get hot again? Six months ago it seemed like a ghost turn.
Adrianna Tan
@douglasvb At least for the last twelve months
People aren’t necessarily out and about (SF has other issues that lead to a lack of govrance downtown, but residential areas are popping)
But they are moving here for jobs, mostly AI
Adrianna Tan
@SRLevine yup
Sam Levine
@skinnylatte Bidding for a rental apartment?!?! And I thought orange county was bad...
Adrianna Tan
I really dislike the Victorian style homes so that feels like 50% of the rental market I don’t look at (I find them too cold and drafty indoors and I dislike old buildings with narrow hallways)
Adrianna Tan
@areactis @douglasvb all the frontier labs are here, everyone building wrappers on the frontier labs are here, I guess you can look on levels.fyi for the job openings
mds2 (Michael Sch-sko)
@skinnylatte @douglasvb as someone who was afraid of AI taking my tech job, I find this news interesting. Any idea what sort of jobs the new SF residents do for AI?
I know that this isn't the most empathetic response to "weird rich people are ruining a community by bidding up housing prices", but I *do* kind of want to know what it would take for me to become one of them. You know, just as a potential option.
Adrianna Tan
I also really hate carpeted floors
Adrianna Tan
@Lazarou never and I hope it stays that way
Lazarou Monkey Terror 🚀💙🌈
@skinnylatte have you ever experienced a carpeted bathroom? With carpet up the side of the bath?
Adrianna Tan
@Legit_Spaghetti @SRLevine my friend made a comic book game about looking for housing in the Netherlands
Legit_Spaghetti
@skinnylatte @SRLevine You'll see stuff like that in most cities, to some degree. Back when I was living in Munich, it was the same thing; get the weekly paper that had the rental ads in it (this was before there were online rental listings), call every single one that's in your price range, hope they still have an appointment left to tour the apartment, make your bid, hope you don't get outbid by another renter.
By 8am, usually all appointments for the week were taken.
Opiniated Charles
@skinnylatte but The American Dream?
Adrianna Tan
@karlieeuh the American dream in the Bay Area is that double income homes with people making more than half a million dollars can’t easily afford to buy a home
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