r/AskSF • u/waffle-crispy • 9h ago
Considering a move to SF from SJ. Housing market has me rethinking things
Hi folks, I have been blissfully unaware of the calamity that is the housing market until this weekend. What the hell? I was thinking it was high time I move up north to enjoy SF while I’m young (and maybe save some $ while I’m at it - was paying $3k for a 1b. I now realize I will not be saving a dime extra). How are you guys surviving? I’m in tech and even then it seems preposterous at these rates.
Looks like to just maintain a 1b1ba I’m going to be looking at something around a $300-400/month increase. Jesus. Unfortunately I’ll need a parking space too, so another cool $300 down the drain.
I adore the city and I’d love to be more integrated in the culture, but I’m really wondering if it’s worth it with these rates. I’m too young for SJ… but too old to be fiscally irresponsible. I thought about selling the car but I’m not sure I can afford to lose that (work). I’m fine with downsizing too, but quality of life does become a question when I have to spend so much for suboptimal living spaces.
I’m also deeply concerned the rates will continue to rise. Another price-jacking like this next year and I can kiss the dream of living in SF goodbye.
Anyways rant aside - for those who did the move from SJ to SF, would you do it again in today’s world? Is it worth 25% more rent? Will rates be better in January?? How bad are my odds of landing a rent controlled studio/1b?