Crazy things people are doing to survive San Francisco’s insane prices

The cost of living in the San Francisco Bay Area is insanely high.

The housing crisis has caused all kinds of problems, but some people are getting creative to survive it.

From wooden pods to trailer trucks, check out all the crazy things people are doing to survive the area’s ridiculous housing prices.

San Francisco’s housing crisis has reached epic proportions. As of last year, the median house price was six times higher than the median price of existing homes in the US.

San Francisco's housing crisis has reached epic proportions. As of last year, the median house price was six times higher than the median price of existing homes in the US.

 

Source: Wolf Street

San Francisco now has the highest percentage of million-dollar homes in the US, according to online real-estate broker Trulia. This interactive map shows exactly where and how fast the housing boom has occurred in the region.


Source: Trulia

According to real-estate marketplace Zumper, San Francisco is the most expensive rental market in the US, with the median rent for a one-bedroom apartment going for $3,590.

According to real-estate marketplace Zumper, San Francisco is the most expensive rental market in the US, with the median rent for a one-bedroom apartment going for $3,590.

Source: Zumper

This housing flyer will give you a better idea of how crazy rental prices are.

This housing flyer will give you a better idea of how crazy rental prices are.

Source: Business Insider

So people who don’t want to spend thousands of dollars on housing but still live in the area are getting creative.

So people who don't want to spend thousands of dollars on housing but still live in the area are getting creative.

Ed Bierman / Flickr, CC

Take Brandon, a 23-year-old Google engineer who declined to give his last name. Rather than settling into an overpriced San Francisco apartment, Brandon decided to move into a 128-square-foot truck — in the company’s parking lot.

Take Brandon, a 23-year-old Google engineer who declined to give his last name. Rather than settling into an overpriced San Francisco apartment, Brandon decided to move into a 128-square-foot truck — in the company's parking lot.

Source: Business Insider

Brandon tells Business Insider’s Kathleen Elkins that he’s saving 90% of his income by living in this little shack.

Brandon tells Business Insider's Kathleen Elkins that he's saving 90% of his income by living in this little shack.

Source: Business Insider

Another Google employee, Pete D’Andrea, and his wife Kara, spent nearly two years living in this van parked in the company’s parking lot. It allowed them to save 80% of their take-home pay, and now they own a house in the Santa Cruz Mountains.

 

Another Google employee, Pete D'Andrea, and his wife Kara, spent nearly two years living in this van parked in the company's parking lot. It allowed them to save 80% of their take-home pay, and now they own a house in the Santa Cruz Mountains.

Source: Business Insider

Some people are moving onto boats. Sarah Carter, a 23-year-old employee of an e-commerce company, bought a boat of her own on Craigslist and now lives there, spending about $350 a month in total living costs.

Some people are moving onto boats. Sarah Carter, a 23-year-old employee of an e-commerce company, bought a boat of her own on Craigslist and now lives there, spending about $350 a month in total living costs.

Source: Sarah Carter Business Insider

If you want to get more creative, just build a pod in someone else’s apartment. Peter Berkowitz, a 25-year-old illustrator, pays about $400 a month to live in this box in the corner of his roommate’s living room.

If you want to get more creative, just build a pod in someone else's apartment. Peter Berkowitz, a 25-year-old illustrator, pays about $400 a month to live in this box in the corner of his roommate's living room.

Source: Peter Berkowitz Business Insider

The pod comes with a bed and LED lights. But according to Curbed, the Department of Building Inspection just cracked down on Berkowitz’s idea and ruled it an illegal dwelling unit, meaning he’ll probably have to move out.

The pod comes with a bed and LED lights. But according to Curbed, the Department of Building Inspection just cracked down on Berkowitz's idea and ruled it an illegal dwelling unit, meaning he'll probably have to move out.

Source: Peter Berkowitz Curbed

Luke Iseman, a 31-year-old Wharton grad, came up with a business targeting people seeking affordable housing. He’s getting people to live (illegally) in converted shipping containers for $1,000 a month.

 

Luke Iseman, a 31-year-old Wharton grad, came up with a business targeting people seeking affordable housing. He's getting people to live (illegally) in converted shipping containers for $1,000 a month.

Source Youtube/Kirsten Dirksen

 

A $1,000-a-month container doesn’t sound too bad when some people are renting a tent for $899 a month.A $1,000-a-month container doesn't sound too bad when some people are renting a tent for $899 a month.

Airbnb

Source: Business Insider

Or when a shared room with a bunk bed costs $1,200 a month.

Or when a shared room with a bunk bed costs $1,200 a month.

Source: Business Insider

Some people might be going a little too far. One business-school-bound woman on Craigslist said she was looking for a paper marriage so she could sublease her rent-controlled apartment in San Francisco — because she can’t legally sublease her apartment to anyone who isn’t family.

Some people might be going a little too far. One business-school-bound woman on Craigslist said she was looking for a paper marriage so she could sublease her rent-controlled apartment in San Francisco — because she can't legally sublease her apartment to anyone who isn't family.

Ivan Galashchuk/shutterstock

Source: Business Insider

One Reddit user suggested you could save about $700 a month if you lived in Las Vegas and commuted to San Francisco by flight instead.

One Reddit user suggested you could save about $700 a month if you lived in Las Vegas and commuted to San Francisco by flight instead.

Flickr / Spreng Ben

Source: CityLab

People short on cash are offering stock options as part of housing offers, according to Klout cofounder Joe Fernandez.

People short on cash are offering stock options as part of housing offers, according to Klout cofounder Joe Fernandez.

Flickr / (matt)

Source: Business Insider

The housing crisis is causing all kinds of social issues too. For example, San Francisco was having trouble finding enough teachers because the cost of living in the city was getting out of control.

 

The housing crisis is causing all kinds of social issues too. For example, San Francisco was having trouble finding enough teachers because the cost of living in the city was getting out of control.

woodleywonderworks/Flickr

Source: Business Insider

It’s creating a lot of homeless people too. The 22 bus that runs 24 hours in Palo Alto is called “Hotel 22” because it serves as an unofficial shelter for homeless people.

It's creating a lot of homeless people too. The 22 bus that runs 24 hours in Palo Alto is called "Hotel 22" because it serves as an unofficial shelter for homeless people.

Nhat V. Meyer/Bay Area News Group

Source: Business Insider

Former Yelp employee Talia Jane’s blog post famously went viral after she complained about San Francisco’s high cost of living to Yelp CEO Jeremy Stoppelman.

Former Yelp employee Talia Jane's blog post famously went viral after she complained about San Francisco's high cost of living to Yelp CEO Jeremy Stoppelman.

Thomson Reuters

Source: Business Insider

Despite all this, demand for space is still high in San Francisco, and people are willing to pay up. Even a home where a mummified body was found was on the market for nearly $1 million.

Despite all this, demand for space is still high in San Francisco, and people are willing to pay up. Even a home where a mummified body was found was on the market for nearly $1 million.

Zillow

Source: Business Insider

While this dilapidated house in San Francisco’s Outer Sunset neighborhood sold for $1.21 million just two weeks after getting listed for $799,000.

While this dilapidated house in San Francisco's Outer Sunset neighborhood sold for $1.21 million just two weeks after getting listed for $799,000.

Redfin

Source: Business Insider

And don’t expect the housing market to cool down anytime soon. Zillow predicts home values in the Bay Area will increase again this year, with some parts jumping as much as 7% from last year.

And don't expect the housing market to cool down anytime soon. Zillow predicts home values in the Bay Area will increase again this year, with some parts jumping as much as 7% from last year.

Shutterstock

Source: San Francisco Chronicle

Original Story:
http://www.businessinsider.com/crazy-things-people-do-to-survive-san-franciscos-housing-prices-2016-4

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