California

KamaAina

(78,249 posts) Mon Dec 14, 2015, 02:43 PM Dec 2015

San Francisco Housing Bubble Goes Subterranean: $500/Month To Live In A Crawlspace

http://www.zerohedge.com/news/2015-12-13/san-francisco-housing-bubble-goes-subterranean-500month-live-crawlspace

While housing bubbles around the world are imploding from a sudden withdrawal of foreign capital (most recently exposed in Manhattan's 9-year high vacancy rate) there is still an excess of greater fools clinging to their unicorn dreams in the Bay Area to keep San Francisco home prices exuberant and rental costs through the roof... or in the case of this unbelievable Craigslist offering - through the floor...

As the generous landlords explain...

With rent skyrocketing in San Francisco, desperate times call for desperate measures and we recently came up with the idea to rent our crawl space out to cash strapped young San Franciscans.

We aren't going to sugar coat this, as you can see by the photos, this is a basement crawl space and the ground is un-even. My roommate Neil has agreed to help out and level off the dirt crawl floor and we have some scraps of rug to throw down.

13 replies

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Highlight:

San Francisco Housing Bubble Goes Subterranean: $500/Month To Live In A Crawlspace (Original Post) KamaAina Dec 2015 OP

And the democratic mayor does nothing as always yeoman6987 Dec 2015 #1

Seems to not be the case it the liberals are wealthy and their supporters are wealthy. LiberalArkie Dec 2015 #2

A shame. Liberals used to care about the poor and working class. yeoman6987 Dec 2015 #3

Back a few years ago a politician (I can't remember who) was ridiculed when talked LiberalArkie Dec 2015 #9

How do you do that? upaloopa Dec 2015 #4

But they can build affordable housing KamaAina Dec 2015 #6

At least speak up. Obama has no power either for a lot of things but at least he discusses them yeoman6987 Dec 2015 #7

"Mr." Ed Lee is a DINO through and through KamaAina Dec 2015 #5

Oh wow. A DINO in frisco....damn. No wonder. yeoman6987 Dec 2015 #8

Does the name DiFi ring a bell? KamaAina Dec 2015 #10

I smell a hoax. mn9driver Dec 2015 #11

If it is, they punk'd Craigslist as well KamaAina Dec 2015 #12

It may well be that someone is offering this space for rent, avaistheone1 Dec 2015 #13

yeoman6987

(14,449 posts)

1. And the democratic mayor does nothing as always

Reply to KamaAina (Original post)

Mon Dec 14, 2015, 02:46 PM

Dec 2015

We need to get someone in the position who will do something about this. A liberal city is supposed to be affordable for all to live.

LiberalArkie

(15,729 posts)

2. Seems to not be the case it the liberals are wealthy and their supporters are wealthy.

Reply to yeoman6987 (Reply #1)

Mon Dec 14, 2015, 02:55 PM

Dec 2015

yeoman6987

(14,449 posts)

3. A shame. Liberals used to care about the poor and working class.

Reply to LiberalArkie (Reply #2)

Mon Dec 14, 2015, 02:57 PM

Dec 2015

LiberalArkie

(15,729 posts)

9. Back a few years ago a politician (I can't remember who) was ridiculed when talked

Reply to yeoman6987 (Reply #3)

Mon Dec 14, 2015, 03:05 PM

Dec 2015

about "class warfare" in the United States. I believe that is the real battle that is in front of everyone that is not in the upper class. Back before all the little battles started, the race battles, the women rights battles, the pro-choice battles, the gay rights battles etc, the battles was about the poor, public health, public housing and education. I think the liberals got side tracked to small and divisive battles but really nothing in common. We managed to let the right divide the liberals into small groups, The old divide and conquer. I think it worked.

upaloopa

(11,417 posts)

4. How do you do that?

Reply to yeoman6987 (Reply #1)

Mon Dec 14, 2015, 02:59 PM

Dec 2015

Mayors have no control over housing markets.

KamaAina

(78,249 posts)

6. But they can build affordable housing

Reply to upaloopa (Reply #4)

Mon Dec 14, 2015, 03:00 PM

Dec 2015

Mr. Ed talks a good game, but there has been little to show for it so far.

yeoman6987

(14,449 posts)

7. At least speak up. Obama has no power either for a lot of things but at least he discusses them

Reply to upaloopa (Reply #4)

Mon Dec 14, 2015, 03:00 PM

Dec 2015

KamaAina

(78,249 posts)

5. "Mr." Ed Lee is a DINO through and through

Reply to yeoman6987 (Reply #1)

Mon Dec 14, 2015, 02:59 PM

Dec 2015

He barely managed to get re-elected despite facing only token opposition!

yeoman6987

(14,449 posts)

8. Oh wow. A DINO in frisco....damn. No wonder.

Reply to KamaAina (Reply #5)

Mon Dec 14, 2015, 03:01 PM

Dec 2015

KamaAina

(78,249 posts)

10. Does the name DiFi ring a bell?

Reply to yeoman6987 (Reply #8)

Mon Dec 14, 2015, 03:19 PM

Dec 2015

Oh, and "Frisco" is the Dallas suburb where MLS' FC Dallas plays.

mn9driver

(4,428 posts)

11. I smell a hoax.

Reply to KamaAina (Original post)

Mon Dec 14, 2015, 03:29 PM

Dec 2015

The listing is purportedly by 2 twenty something tech guys. Note all the gear for kids:

This is a joke post.

The SF affordability problem is not a joke. Too much money chasing a very limited amount of real estate.

KamaAina

(78,249 posts)

12. If it is, they punk'd Craigslist as well

Reply to mn9driver (Reply #11)

Mon Dec 14, 2015, 03:47 PM

Dec 2015

http://sfbay.craigslist.org/sfc/roo/5356514638.html

avaistheone1

(14,626 posts)

13. It may well be that someone is offering this space for rent,

Reply to KamaAina (Original post)

Sat Dec 26, 2015, 04:08 PM

Dec 2015

but a doubt this rental is legal in California.

I doubt it passes most of the building codes for residential rental properties.

http://www.nchh.org/Portals/0/Contents/HH_Codes_CA_9-9-07.pdf

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