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

Tyler Durden's picture




 

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...

Located just off the intersection of Pine and Divisadero (a nice area of the city)

There is this gem...

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.

 

 

There is a decent amount of room for a mattress and night stand and you can keep a dresser in the garage. You will be able to run an extension cord into the crawl space for light and the garage provides decent heat for those chilly SF nights or feel free to bring in a space heater.

 

Since you'll have access to our bathroom and kitchen, we don't want any slobs! It would be great if you were also in tech so that we can talk shop but that is not a deal breaker, perhaps you are a founder still looking to get that seed round and this is all you can afford!

About The Landlords...

We are two 20 something start-up guys and like to have fun but are serious about being a part of the next big unicorn company. We like to go out on the weekends in North Beach, SOMA, Marina (Tipsy Pig!) and venture out of the city to Tahoe for some fresh pow pow and Napa on occasion.

 

We'll be hosting an open house this weekend to pick our next crawlspace housemate!

*  *  *

Thank you Ben, Thank you Janet!!! This is what you have wrought!

 

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Sun, 12/13/2015 - 12:19 | 6917427 JustObserving
JustObserving's picture

Yes, Virginia, we have no inflation in the land of the free

Sun, 12/13/2015 - 12:24 | 6917450 Pladizow
Pladizow's picture

I call Bullshit on this story!

Sun, 12/13/2015 - 12:30 | 6917467 Looney
Looney's picture

With such a beautiful crawlspace, I’d stay away from them golddiggin’ bitches. ;-)

Looney

Sun, 12/13/2015 - 12:33 | 6917482 Ignatius
Ignatius's picture

This place looks to be just one cut above living in a bankster's butt crack.

Sun, 12/13/2015 - 12:45 | 6917525 highandwired
highandwired's picture

Hey Tyler, maybe it's time to cover the INVASION OF CANADA?  https://www.youtube.com/watch?v=Sx2haIRJHeY

Sun, 12/13/2015 - 14:12 | 6917933 fockewulf190
fockewulf190's picture

Sraight eye for the closet space guy? Probably not.

Sun, 12/13/2015 - 14:22 | 6917955 BaBaBouy
BaBaBouy's picture

""$500/Month To Live In A Crawlspace SF""

Rats Included ???

Sun, 12/13/2015 - 14:29 | 6917989 smithcreek
smithcreek's picture

So the two twenty something guys that own the place have a baby stroller and loads of kids toys, looks like Big Wheels?  C'mon, at least look at this shit with a critical eye before posting, it just makes all the other end of the world stuff a little harder to take seriously.

Sun, 12/13/2015 - 14:40 | 6918021 knukles
knukles's picture

About time for the Diversity Crowd like Zuckerberg to begin Opening Their Home to Alleviate the Problem

And if I'm not a Privileged White Boy taking the space, it's a Micro-Aggression Housing Unit

                                                          FUBAR

Sun, 12/13/2015 - 14:45 | 6918042 Max Cynical
Max Cynical's picture

.

Sun, 12/13/2015 - 14:52 | 6918075 RonArgent
RonArgent's picture

I've been renting out my crawlspace to a small family of 16 Guatamalans since last February, $100 a head per month

Sun, 12/13/2015 - 16:21 | 6918494 JLee2027
JLee2027's picture

Yeah my first reaction was someone has $500  ? Who'd have thought?

Sun, 12/13/2015 - 18:19 | 6918993 NidStyles
NidStyles's picture

I get that this is likely a joke, but what is the alure of that city? 

 

I'm not gay, or a Jew. So I guess that is why I'm not into the modern Sodom. 

Sun, 12/13/2015 - 18:49 | 6919141 Amish FinEng
Amish FinEng's picture

What_ever_happened_to_living_out_of_the_back_of_your_Chevy_Chevette_Wagon? Oy!

Sun, 12/13/2015 - 21:21 | 6919687 Normalcy Bias
Normalcy Bias's picture

Did they forget to mention the 'Master/Slave Arrangement' in the listing?

Sun, 12/13/2015 - 22:06 | 6919709 J S Bach
J S Bach's picture

"If you're goin' to San Francisco, be sure to wear some flowers in your hair.  In the streets of San Francisco, you're gona meet a lot of crazy people there."

What is it about that beautiful city that attracts the looniest bipeds on the planet?

Sun, 12/13/2015 - 23:52 | 6920258 jeff montanye
jeff montanye's picture

they should move the bikes, put some concrete blocks there for stairs and charge $750.

Mon, 12/14/2015 - 00:38 | 6920374 The9thDoctor
The9thDoctor's picture

This is obviously a joke.

Renting out a crawlspace violates many zoning laws.

Mon, 12/14/2015 - 03:27 | 6920562 Tyler Durderian
Tyler Durderian's picture

Come, don't be shy.

I even OFFER free LUNCH:

http://goo.gl/UjTdrR

 

Mon, 12/14/2015 - 10:20 | 6921149 kralizec
kralizec's picture

Nanacy Pelosi making room for some of those Syrian terrorists?  LOL!

Mon, 12/14/2015 - 01:08 | 6920426 DollarMenu
DollarMenu's picture

That extension cord to the space heater sounds like something really firesafe.

 

Mon, 12/14/2015 - 09:39 | 6921016 DeadFred
DeadFred's picture

LOL if you think that matters you have never been to SF.

Sun, 12/13/2015 - 14:38 | 6918022 847328_3527
847328_3527's picture

"Yes, Virginia, the PRC has stopped the flood on money laundering Loot coming into Cali."

Sun, 12/13/2015 - 16:48 | 6918616 Escrava Isaura
Escrava Isaura's picture

 

 

And many here are wondering why interest rates are going up.

 

Sun, 12/13/2015 - 14:21 | 6917963 Odegaard Falls
Odegaard Falls's picture

oh fuck off nice video, ripped off from some other video, we got two planes with a couple hundred people all families and no of age single combantats, you got to be smart to get into this country and even then most likely you will drive a cab and have a phd or maybe even be a doctor, take your hysteria somewhere else jackoff

Sun, 12/13/2015 - 15:23 | 6918224 CPL
CPL's picture

Don't bother explaining to them, they don't understand how to plan long term unless a nice man in a suit offers an ARR, even then they've never done it.  They don't understand the arrangements being made are to increase the populations of smaller towns that need fresh blood in them and the families coming are all working people/business owners.  Working people.  The goal is to avoid the pooling in the major metros like has been done in the past and get services to startup where they are needed by people that have an enterpeunerial spirit.  Because if taking refugees, you are allowed to cherry pick.  The bunch of them will do just fine once they get settled in and be bitching about the weather with everyone else in no time.  In a generation all that crap will be behind them and their kids will be strapped with skates and ski's just like everyone else's.

Sun, 12/13/2015 - 23:59 | 6920277 jeff montanye
jeff montanye's picture

were i in charge that's what i'd do.  but it starts with foreign, military and trade policy.

until the u.s. gets a divorce from israel, it's all just spinning wheels.

Sun, 12/13/2015 - 12:45 | 6917526 HowdyDoody
HowdyDoody's picture

No thanks to both - tacky, tacky, tacky.

 

Sun, 12/13/2015 - 12:53 | 6917554 Stainless Steel Rat
Sun, 12/13/2015 - 13:01 | 6917598 Ralph Spoilsport
Ralph Spoilsport's picture

LOL! The architect fucked up by not including arrow slits in those phallic symbol crenelations. 

Sun, 12/13/2015 - 14:30 | 6917998 notbot
notbot's picture

Gotta be a fake story. How many 20-something tech guys have a couple of big wheels in their garage?

Sun, 12/13/2015 - 15:36 | 6918271 logically possible
logically possible's picture

They are green techs. Couldn't afford a Prius

Sun, 12/13/2015 - 17:54 | 6918874 SixIsNinE
SixIsNinE's picture

they're gay and have had surrogates provide their fertile semen with a  safe space to incubate... e Voila!  Babies!  There was a mention of unicorns in the advert, so better be extra non-microaggro if not gay and bother to apply...

I think the cot in the kitchen area of the London for let story we saw a few months ago was nicer...

 

Sun, 12/13/2015 - 13:15 | 6917672 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

That Brady-Bunch-era paneling is SWEET!  Kinda hard to get a foosball table in there though.

Sun, 12/13/2015 - 13:53 | 6917845 glenlloyd
glenlloyd's picture

That is tacky.....

Sun, 12/13/2015 - 14:58 | 6918088 Mr.BlingBling
Mr.BlingBling's picture

WTF?   A frickkin' castle where you could throw a rock and break the neighbor's window?  (Slide 25)  And across the street from TWO fuckin' baseball fields set up for night games??? 

BWHAHAHA!!!  I hope the new owners enjoy the those HID lights shining through the windows every night.  Along with all the traffic. 

Sun, 12/13/2015 - 18:18 | 6918996 jvetter713
jvetter713's picture

Lots of nice gun turret potential

Sun, 12/13/2015 - 14:07 | 6917910 Stainless Steel Rat
Stainless Steel Rat's picture

The Frisco one is not my taste at all: too Marie Antoinette.  The San Francisco one, despite having 7 out of 10 photos contain the same room, will sell in about 5 days, whereas the Frisco one might not be sold after 5 years in this economy.

The quote is very telling: "perhaps you are a founder still looking to get that seed round and this is all you can afford!"

It really should read: "Perhaps you have invented an unprofitable business and are just waiting to spend other people's money to gamble on it!"

That way, the people would know they are living where they deserve.

Sun, 12/13/2015 - 16:31 | 6918540 Kaervek
Kaervek's picture

They will all be homeless together after their credit lines dry out

Sun, 12/13/2015 - 12:45 | 6917527 TahoeBilly2012
TahoeBilly2012's picture

If I see these homos in Tahoe I am going to bury them in a snow bank.

Sun, 12/13/2015 - 12:49 | 6917540 Mr.Sono
Mr.Sono's picture

That's what I call housing gone retarded.

Sun, 12/13/2015 - 13:05 | 6917616 Farqued Up
Farqued Up's picture

Tahoe Billy, this weekend's storm provides the snow bank, finally. Last week it would have been a granite bank. We need it to snow continuous until about April to fill the reservoirs and the rain for the valleys in CA.

Sun, 12/13/2015 - 14:05 | 6917905 get nothing and...
get nothing and like it's picture

Who cares if they let the muslims into the country, just keep the douchebag bayerrians (SF) out of Tahoe.  Keep Tahoe Douchefree!

Sun, 12/13/2015 - 16:02 | 6918398 XitSam
XitSam's picture

What is pow pow and why is it fresh there?

Sun, 12/13/2015 - 14:41 | 6918029 Max Cynical
Sun, 12/13/2015 - 12:30 | 6917474 Skateboarder
Skateboarder's picture

Don't underestimate the gayness of 20-something startup fags - one 'of em will take up this opportunity and pat themselves on the back.

Sun, 12/13/2015 - 12:58 | 6917575 Hongcha
Hongcha's picture

Indeed Skateboarder; because it's sustainable and a low-impact footprint on the ecology of the home.  Also, the mushrooms they sprout and eat in the dark will be organic, artisan even ... I have lived in this area for 25 years and am totally unsurprised by this.  I also think it's a real ad.

Sun, 12/13/2015 - 14:11 | 6917931 Meat Hammer
Meat Hammer's picture

Only a progressive is smart enough to be brainwashed into believing that living in squalor is chic and hip. Maybe that's why hipsters grow big beards...they're practicing looking homeless because it's cool. Stupid. Mother. Fuckers.

Mon, 12/14/2015 - 00:03 | 6920288 jeff montanye
jeff montanye's picture

beat that meat with a hammer.

Sun, 12/13/2015 - 13:02 | 6917605 Delphi_Addiction
Delphi_Addiction's picture

Agreed. You would have to be snorting 'pow-pow' to write an ad like this. I wonder if the lucky winner will rent a drawer in his dresser in the garage to a third level of subletter?

Sun, 12/13/2015 - 13:38 | 6917785 Proofreder
Proofreder's picture

Of course one could rent out the drawer ...

it's a nursery, obviously

Sun, 12/13/2015 - 16:55 | 6918648 Amish Hacker
Amish Hacker's picture

Yes, exactly, it's the nursery, but I'm sorry. It's already taken.

Sun, 12/13/2015 - 14:53 | 6918081 Miffed Microbio...
Miffed Microbiologist's picture

The gay man I work with screamed bloody murder and ran out of the room when a cockroach ran across our work area. I was elected to dispatch the terrifying monster.

I don't see the SF gay contingent able to handle that environment with ease. Perhaps a soothing decor upgrade?

Miffed;-)

Sun, 12/13/2015 - 12:33 | 6917481 Herodotus
Herodotus's picture

What they are doing is illegal.

Sun, 12/13/2015 - 12:35 | 6917490 Bunga Bunga
Bunga Bunga's picture

Who cares, it's the future!

Sun, 12/13/2015 - 12:43 | 6917518 Not My Real Name
Not My Real Name's picture

Forward!

Sun, 12/13/2015 - 13:04 | 6917602 The Pope
The Pope's picture

Looks like a cozy retreat for 2 fags to me... #BACK[door entrance]WARD!

Sun, 12/13/2015 - 12:41 | 6917510 SilverDoctors
SilverDoctors's picture

"what they are doing is illegal" 

lol, the banksters, or the twenty somethings?

Perhaps you need reminded that feeding the homeless is also "illegal" in many parts of the USSA... 

Sun, 12/13/2015 - 13:08 | 6917636 The Pope
The Pope's picture

 "Perhaps you need reminded that feeding the homeless is also "illegal" in many parts of the USSA..."

 

Perhaps anyone needs to be reminded that you get 'banned' from Facebook (or even, 'other' places), if you criticize the actions of certain demographic representations.

Sun, 12/13/2015 - 13:18 | 6917688 Bobbyrib
Bobbyrib's picture

They should jack the rent to $750 and use $250/month to pay off the city officials to look the other way. This is America, they have a "right" to be opportunistic pricks.

Sun, 12/13/2015 - 12:44 | 6917520 Lorca's Novena
Lorca's Novena's picture

Exactly. And with code enforcement being as they are (stealing money throuh fines to fund their own pensions) they will be knocking on the door sooner than later. Hopefully there isnt a leaky toilet above!!

Sun, 12/13/2015 - 13:20 | 6917702 Bobbyrib
Bobbyrib's picture

Oh, yeah..the toilet..my roommate will leave a dirt hole for you to relieve yourself.

 

Disclaimer: It does not actually say that in the ad, since the link brings you to the Craigslist page: This post has been flagged for removal.

Sun, 12/13/2015 - 12:47 | 6917534 Vendetta
Vendetta's picture

Perhaps it is but I don't see what the problem is if someone is willing to live like that.  The law is only enforced selectively in the US anyways thus the TBTF.

Sun, 12/13/2015 - 13:21 | 6917706 Bobbyrib
Bobbyrib's picture

The problem is they have to pay their dues to someone to look the other way.

Sun, 12/13/2015 - 13:07 | 6917614 CPL
CPL's picture

The squat space for 500 bucks a month is a drop in the bucket.  San Francisco as a town literally has priced civic services out of their own ability to tax the property holders.  People like librarians, sheriffs' deputies, nurses, fire fighters, and many other vital members of our communities: they all need affordable housing.  There is none there.  It has often been suspected that the city crime rate is actually much higher than the recorded stats mainly because of the lack of proper services functioning in the city to manage the city.  If one thing has been the Achilles heel of San Francisco it's fires.  Right now if a house caught on fire, the response time is one of the lowest in the world.  Not because the fire department is slacking.  It's because a fire fighters salary wouldn't begin to match the housing prices in the area, they are simply very short handed.  Same goes for everyone in the list of careers.  If anything San Francisco is a place you don't want to get robbed, hurt or have something catch on fire.

Why is it so expensive there?  It has absolutely nothing to do with supply and demand. 

First:  It's all insurance industry and political crap a side product of many reasons the state of California is in deep shit financially.  First they live on a earthquake fault line.  San Francisco has fallen down a couples of time in a century.  Insurance to live on an active earthquake region, guess what?  It's going to happen and it's going to be expensive.  Maybe not a 'big one', but most of them can fuck up the foundation of an installation without much effort.  To repair something like apple's new building going up, a 4.0 would cause Apple to tear down their building and rebuild it again because it wouldn't be safe to leave standing.  To be honest I don't know why they don't get Japanese architects in there to build, they actually know what they are doing.

Second:  The political crap.  The place has been run by dirtbag republicans for decades that spend just as much as democrats, they just hide the money under other cups and broker sideways deals on property allotments against the pensions in the state.  It's a hairy bag of nuts that no one wants to put their hand in, so they do the only thing they know how.  Beg for more money from the feds to wallpaper over their fuck ups.  the state is well known for producing vapid and vacuous political solutions that are so fucking embarrassingly transparent and amateur a gypsy would blush at how stupidly crooked they are.  Throw in political buck passing that spans decades and you end up with the fucked up economic mess called California.  The dirty secret of the state is all the industry there in state wouldn't cover the deficits they've accumulated since the 1950's.

For San Francisco though...it's not a spot to invest in if looking long term.  Place tends to burn down and fall down that if attempting to do disaster recovery planning it's a completely pointless effort given the historical track record.  Don't get me wrong, it's a pretty town.  It's just ridiculous that a person could drop a thousand dollar bill and it wouldn't pay for the ground it covered.

Sun, 12/13/2015 - 13:13 | 6917663 GhostOfDiogenes
GhostOfDiogenes's picture

I disagree with one, but number two sounds just like florida.

If its one thing we the american public all share in common, it is that we all share corrupt scumbag politicians. Its seems to be universally agreed to happan. Its like it is scripted, and the voters agree whatever the script is.

Aka slow suicide

Sun, 12/13/2015 - 13:38 | 6917784 CPL
CPL's picture

Well, it's Florida.  It's a cheap shit hole because it's built for cheap retirement communities.  You get for what you pay for in that instance.

Sun, 12/13/2015 - 13:20 | 6917701 DrZipp
DrZipp's picture

Firefighters make >200k per year.  ANd elecled Republicans are an endangered species in the Bay Area nd have been for decades. 

Sun, 12/13/2015 - 13:36 | 6917756 CPL
CPL's picture

On the state level no, it trickles down because San Fran has no income stream.  It's been on the federal and state side block grant tit for nearly 100 years.  If counting pennies it's never made one.  And both you and I already know there is no difference between a republican or a democrat.  It's like choosing Coke or Pepsi, both are sugary malted battery acid that are bad for you and the only reason people buy either is because they like the brand.  Two party politics...feh...useless as tits on a bull.  If people really wanted to fix budget issues they'd elect accountants and not lawyers.  No shortage of laws are there?  Seems to be a shortage of anyone that can count the pennies.

And 200k a year in San Fran wouldn't buy a crack house in a bad part of town.

Sun, 12/13/2015 - 15:17 | 6918202 Blankenstein
Blankenstein's picture

San Francisco median household income is $73,000 per year.

 

https://en.wikipedia.org/wiki/List_of_California_locations_by_income

Sun, 12/13/2015 - 13:26 | 6917735 Magnum
Magnum's picture

So the endless sunshine, month after month of perfect weather, and ocean views / beaches have nothing to do with it right?

Sun, 12/13/2015 - 13:30 | 6917751 GMadScientist
GMadScientist's picture

That's called a drought, son.

Sun, 12/13/2015 - 14:03 | 6917871 tc06rtw
tc06rtw's picture

 

                L.O.L. !!

 

Sun, 12/13/2015 - 13:45 | 6917776 CPL
CPL's picture

I hardly see anyone rushing to live in Georgia.  It's got most of the same things, way cheaper, people are a bit nicer/laid back and I've never been offered a glass of Georgian Chardonay.  In blue country it's usually just called Moonshine, the airs of the place are obviously a bit different.  San Fran is a bit lardy dardy for most people's tastes and why all the sensible people escaped to Oregon years ago.  The fact is California is pretty, but it's run by thieves.

Sun, 12/13/2015 - 13:50 | 6917831 jcaz
jcaz's picture

Dude- you haven't seen REAL Republicans in SF for 30 years-  give it a rest.....

Sun, 12/13/2015 - 14:01 | 6917884 CPL
CPL's picture

There is no such thing, never has been.  Like making a proclaimation that some how kermit the frog as puppet is any different from the elmo puppet doll.  If we are talking about Ronnie Ray Gun...fucksakes...he's part of the bunch of fruitcakes that helped the insurance industry completely fuck up the state.  Real republican...whatever...the basic translation is they suck the dick first while the democrat tongues the anus.

Q: What did the california state candiate say when they got to the ball?

A: Grhhhullghhhh...-swallow-

Sun, 12/13/2015 - 13:54 | 6917849 daninca08
daninca08's picture

The lowest paid firefighter in SF earned a total package of almost $240,000 in 2014. Look it up, it's public record. Maybe that's why it is so expensive. Stop whining about police and firefighters not being able to afford to live here.

 

http://transparentcalifornia.com/salaries/search/?a=san-francisco&q=fire...

Sun, 12/13/2015 - 14:01 | 6917887 CPL
CPL's picture

I don't live there, why would I?  Place is run by theives.

Sun, 12/13/2015 - 15:44 | 6918320 tenpanhandle
tenpanhandle's picture

Place is run by democrats (oh same thing).

Sun, 12/13/2015 - 16:07 | 6918430 stacking12321
stacking12321's picture

may i congratulate you on having made it to some other part of the usa (oregon perhaps), because there you are free from theives, definitely, and will live happily ever after

Sun, 12/13/2015 - 21:31 | 6918497 CPL
CPL's picture

I've travelled all over the US...and Mexico...bit of South America...some of Africa...Middle East...Europe...Russian...Asia.  42 countries last I counted.  Speak 4 languages.  Have a couple of degrees, drawer full of certifications and a 90 page thick resume.  Been around.  Oregon, Idaho and Washington was a lot of fun.  People were awesome, the food perfectly greasy and the scenery was awesome.  But it's not my country I'm Irish-Canuck.  I'm just a travelling goodfellow on the Puck.  Those on the wrong side are just out of luck.

The two headed bird is the correct icon btw as in they are the orthodox position to be in.  The other one is some jew crap that the pedo Albert Pike helped validate to get a payday while throwing his people under the bus.  (tricked by the jew again by an internal take over!)  There's 13 lunar months in a year, not 12.  And the map is upside down and has been since cartographer Muhammad al-Idrisi trolled the inbred and self absorbed King Roger of Sicily in 1154.  (it's pretty funny how long Islam has trolled western nations)

Mon, 12/14/2015 - 03:44 | 6920630 DrZipp
DrZipp's picture

Why would they want to or need to live here? With that money plus overtime they can live somewhere else (in Cali or another state) and fly in for their 48 hour shift (good for working out and catching up on sleep) and when they are away (in Idaho) they can have another job or flip houses or whatever.  Until they retire at 50.

Sun, 12/13/2015 - 13:54 | 6917852 glenlloyd
glenlloyd's picture

I would agree, I'm sure the City has regulations on residential rental, but do they have the manpower to police it?

Sun, 12/13/2015 - 15:00 | 6918118 August
August's picture

It's a nice way to meet new, desperate young men.  If that's your thing.

Sun, 12/13/2015 - 12:42 | 6917514 swamp
swamp's picture

The kiddie toys give it away.

Sun, 12/13/2015 - 15:54 | 6918359 tenpanhandle
tenpanhandle's picture

Pedophiles?

 

How do they separate the men from the boys in San Francisco...with a crowbar.

Sun, 12/13/2015 - 12:53 | 6917555 Casey Jones
Casey Jones's picture

Yes utter, unadulterated BS. Craigslist performance art. You can bring your own space heater and burn down our house? Suuure. We're statring a unicorn company? Yeah right. And they didn't even bother to move the trash before taking the picture?

Sun, 12/13/2015 - 13:08 | 6917634 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

I'm surprised that the "Open House" does not claim free Red Bull and caviar.

Sun, 12/13/2015 - 16:06 | 6918422 Solomonpal
Solomonpal's picture

Nawww I don't think so. The rent is a bit on the high side.

Sun, 12/13/2015 - 17:37 | 6918804 Cynicles
Cynicles's picture

Living on the Truckee river, just outside of Tahoe City, I rented out my closet to someone...

Sun, 12/13/2015 - 19:01 | 6919190 ASACJon
ASACJon's picture

I'm 100% sure that the listing is a work of relatively good trolling.  The point that they are expressing, I agree with.  But it is still guerrilla theater.

As distorted as the SF metro is, no one is paying $500 for the ability to sleep in a rat's nest.  If you are that desperate, you would just live in a vehicle or shipping container.

Sun, 12/13/2015 - 12:48 | 6917453 JustObserving
JustObserving's picture

Chapwood Index shows real inflation in US.

In 2014, it was 9.7% - 1212% of official US inflation (0.8%)

http://www.chapwoodindex.com/

The Chapwood Index reflects the true cost-of-living increase in America. Updated and released twice a year, it reports the unadjusted actual cost and price fluctuation of the top 500 items on which Americans spend their after-tax dollars in the 50 largest cities in the nation.

Alternate inflation charts from Shadowstats shows inflation 3% to 7% higher than official statistics:

http://www.shadowstats.com/alternate_data/inflation-charts

If you adjusted US GDP for real inflation for only last couple of decades, US GDP would only be around $6 trillion.  Given a debt to GDP ratio of 300% and unfunded liabilities to GDP ratio of 2500%, what should US bonds be yielding?

If you adjusted US inflation by the average Chapwood Index for the 4 years shown above (2011-2014) for just the last decade, US GDP is about $6 trillion

Sun, 12/13/2015 - 12:26 | 6917459 Money Boo Boo
Money Boo Boo's picture

do the rats sharing the space then have to sub-let to the new renter??

Sun, 12/13/2015 - 12:27 | 6917461 HowdyDoody
HowdyDoody's picture

Posting flagged for removal - I guess the place has been taken, or someone has been taken.

 

Sun, 12/13/2015 - 12:50 | 6917544 MSimon
MSimon's picture

Looks like deflation to me. $500? Pacific Heights address? And don't forget - utilities included.

 

 

Sun, 12/13/2015 - 13:41 | 6917802 slaughterer
slaughterer's picture

I can think of some evil shit to do to the landlords from inside this crawlspace.  

Sun, 12/13/2015 - 13:49 | 6917830 glenlloyd
glenlloyd's picture

They ought to be embarrassed for listing that space to begin with.

The rest of the text makes me want to wretch, but since it's California I guess I shouldn't be surprised.

Sun, 12/13/2015 - 14:07 | 6917912 malek
malek's picture

Yeah sure, they would get sued in no time...

Sun, 12/13/2015 - 12:19 | 6917429 Pareto
Pareto's picture

This story just ticked the top.

Sun, 12/13/2015 - 12:21 | 6917435 bonderøven-farm ass
bonderøven-farm ass's picture

Are web (s) and utilities included?

 

Sun, 12/13/2015 - 13:18 | 6917441 GhostOfDiogenes
GhostOfDiogenes's picture

NY, San Fran, Hawaii (Oahu, Maui, and Hawaii countys especially) Atlants, and Miami are great regional barometers to tell how overblown housing prices are, what foreign capital is coming in from where, and what gets sold or goes off market due to high expectations.

Sun, 12/13/2015 - 12:22 | 6917442 kaboomnomic
kaboomnomic's picture

Should use those japanese capsules hotel dude..
https://en.m.wikipedia.org/wiki/Capsule_hotel

Sun, 12/13/2015 - 13:25 | 6917725 Bobbyrib
Bobbyrib's picture

Yeah, nothing will beat those hotel rooms, until we get something more, or equally ridiculous. You sleep in a space in a room with other people separated by a screen. If one guys has a cold the whole room is fucked.

Sun, 12/13/2015 - 15:57 | 6918372 tenpanhandle
tenpanhandle's picture

If one guy has an erection, the whole room is fucked.

Sun, 12/13/2015 - 12:23 | 6917443 yellensNIRPles
yellensNIRPles's picture

I'm uncertain of the validity of this particular story, however there are many things like this actually happeneing so who knows. What I do know is that this type of shit is all the proof you need that many people are nowhere near their 'bottom', and can be pushed much, much further down before they start throwing rocks. 

It will get worse before it gets better.

Sun, 12/13/2015 - 12:26 | 6917458 GhostOfDiogenes
GhostOfDiogenes's picture

People will only throw rocks when they have lost everything, and by then, it is too late.

Sun, 12/13/2015 - 13:26 | 6917729 Bobbyrib
Bobbyrib's picture

Dum Dums are the official lollipops of the United States.

Sun, 12/13/2015 - 12:29 | 6917469 Arnold
Arnold's picture

An Airbnb ad would get a better response.

Don't trust Craig's responders.

Sun, 12/13/2015 - 12:24 | 6917446 joego1
joego1's picture

I'm not sure that these guys know about california habitability laws. A judge could have them pay for whomever rents that space for 6 months rent in a "habitable" space. Just go live there for a month and find about any lawyer and get 6 months rent free.

Sun, 12/13/2015 - 12:24 | 6917449 ToSoft4Truth
ToSoft4Truth's picture

A drunk couple returning from the 'Tipsy Pig', under the house with a space heater.

I don't think insurance will pay out.

Sun, 12/13/2015 - 12:25 | 6917456 Ralph Spoilsport
Ralph Spoilsport's picture

This is even better than the famous "cinderblock ad".

https://www.fugly.com/pictures/21341/cinder_block_ad_on_craigslist.html

Sun, 12/13/2015 - 12:40 | 6917503 Skateboarder
Skateboarder's picture

Nothing tops the "Don't EVER shave your ass hair" story lololol. It's one of those must-read internet stories.

Sun, 12/13/2015 - 13:17 | 6917679 U4 eee aaa
U4 eee aaa's picture

Oh man, I'm done....forever

Sun, 12/13/2015 - 13:25 | 6917728 FredFlintstone
FredFlintstone's picture

Having just taken a dump and hearing my wife prepare lunch in the kitchen, I could not read past the first few sentences.

Sun, 12/13/2015 - 13:28 | 6917746 Bobbyrib
Bobbyrib's picture

Story being the key word. Whoever made that up has a lot of fucking problems.

Sun, 12/13/2015 - 13:34 | 6917770 Skateboarder
Skateboarder's picture

It's from '04 (made best-of and archived), or likely earlier. People back then were more innocent and posted true stories. I'd like to think it's truthful.  :-)

Sun, 12/13/2015 - 13:40 | 6917794 Bobbyrib
Bobbyrib's picture

People have been bullshitting since the advent of the internet. Even in the 90's everyone had Phd's on the internet. 

Sun, 12/13/2015 - 12:44 | 6917523 Salsipuedes
Salsipuedes's picture

No it´s not. Your link is! A seminal moment in Truth in Advertising.

Sun, 12/13/2015 - 13:39 | 6917788 duck dodgers
duck dodgers's picture

Thats hilarious.

Sun, 12/13/2015 - 12:28 | 6917466 cheeseheader
cheeseheader's picture

Boy oh boy would I like to work in Russia?, China?, ME? where the big money is so's I could then turn around and buy up some prime RE in a golden paradise that is SF....

 

But...then I'm just an absentee landowner so how do I enjoy my prized posession?

 

Work to live, live to work. Hold the rose-smelling I guess.  Thank goodness I was able to smell a few in my youth.

Sun, 12/13/2015 - 12:31 | 6917476 Yen Cross
Yen Cross's picture

     Renter must be able to operate seismograph in corner of crawlspace.

Sun, 12/13/2015 - 12:32 | 6917477 Baronneke
Baronneke's picture

I wouldn't even put my dogs in this sort of hell hole.  $ 500 a month !!   These people should be very very ashamed.  

Sun, 12/13/2015 - 12:35 | 6917485 The Count
The Count's picture

California is overrated and SanFran is even more overrated! Only twentysomethings that have no life experience would think it's sooooo cool to live there. Just wait till the big one hits.

Sun, 12/13/2015 - 12:51 | 6917547 cheeseheader
cheeseheader's picture

They are the children of hippies...why are you surprised?

Sun, 12/13/2015 - 12:57 | 6917571 Vendetta
Vendetta's picture

A friend on my sister owns a small building in a crappy section of S.F..  She was blown away that young people were excited to rent the bottom floor space for their biz/living for $11k a month.  She said the place is in what is considered the ghetto.

Sun, 12/13/2015 - 13:30 | 6917752 Bobbyrib
Bobbyrib's picture

She should use the money to buy a nicer place when the housing market crashes.

Sun, 12/13/2015 - 14:26 | 6917980 Atomizer
Atomizer's picture

Tell her to be careful. We just evicted someone in Fort Myers, FL. It wasn't about non-payment, rather HOA violations in a gated community. The fucker's trashed the place. Replacing crown molding, painting, etc. They broke the lease by having a dog and cat. Dog tore up wooden doors/crown molding being locked up in several different rooms. Even with all tile flooring throughout, the cat pissed (sprayed) on the drywall. The thing that got me in trouble was a make shift apartment created in my third car garage bay. This fucker was subsidizing my garage to earn more income on a 4 bedroom home at 3,000 sq/ft. 

I failed in not inspecting the house on a annual basis, two years went by. Money just rolled in. Great income, now I have to use a small fraction to repair. Just cosmetically damaged. We aren't going to carry out another annual renting on this property. Vacation rental only. 

Lastly, we ran an ad to test the market. The baseball player's are flooding replies. We are 10-15 minutes from training camp. Jetblue Stadium. 

Moral of my story, be careful. You don't have pools or other amenities that we do. Once they stop payments (in a hypothetical case), place a notice and get the Sheriff department involved. 

Good luck with her rental property revenue. 

 

Sun, 12/13/2015 - 12:38 | 6917500 katchum
katchum's picture

These guys are probably renting out the crawlspace because they can't afford their own mortgage.

Sun, 12/13/2015 - 13:07 | 6917631 GhostOfDiogenes
GhostOfDiogenes's picture

This will be perennially lost on the flyovers and texan who live on larger spreads who post here.

I swear the usa is one big yugoslavic like nation of differnt personalities, or none (if speaking about the mid west haha).

I don't understand westerners nor yankees nor mid westerners. Rocky's folk seem like hilbillies mixed with educated lefty westerners. A complete contradiction!
I understand southerners though and the South. Maybe its the weather. Makes people calm and....civilized.

Non civilized people don't get along with civilized people for some, strange reason.

Sun, 12/13/2015 - 12:40 | 6917504 Yen Cross
Yen Cross's picture

  This reminds me of the 1985 movie "Real Genius", where the stoner Lazio lives in Mitch's closet. That's probably where these boneheads got their idea.

Sun, 12/13/2015 - 12:40 | 6917507 roadhazard
roadhazard's picture

I think I remember that crawl space from crashing there for a couple of days for free back in my 60's hippie days. If they find a bag of pot in there it's mine. I could write a book on the places I've woke up back in the day.  

Sun, 12/13/2015 - 12:43 | 6917517 Oldballplayer
Oldballplayer's picture

Be sure to provide dental records and tell your folks where they can look for you if

A) There is a huge earthquake, or

B) Biff and Sam are really homo serial killers look for their next anonymous victim.

Yeah, and don't be a slob on their rug remnants.

Sun, 12/13/2015 - 12:58 | 6917576 GhostOfDiogenes
GhostOfDiogenes's picture

Comedy gold!

Sun, 12/13/2015 - 12:44 | 6917524 Barnaby
Barnaby's picture

Looks like one of the rack-rooms at my pal's house in Boulder when he was starting up his company.

Basically you live in the common areas and store your shit in the crawl. Nothing unusual. Just very 90s.

Sun, 12/13/2015 - 13:02 | 6917535 lakecity55
lakecity55's picture

So, who want want to live in SF this bad?

Hey! I have some crawlspace under my shed! I include a plastic ground cloth for the rain. You provide sleeping bag. 500$/mo. Creek nearby with water. I will rent you a snake gun and Life Straw. It has wi-fi. Light is available from a nearby street-lamp. Drop Cords are available for 250$/mo.

Sun, 12/13/2015 - 12:48 | 6917538 WTFUD
WTFUD's picture

The cockroaches are livid.

Sun, 12/13/2015 - 13:01 | 6917596 JustObserving
JustObserving's picture

They cannot afford the rent?

Sun, 12/13/2015 - 12:54 | 6917557 Yen Cross
Yen Cross's picture

    It pisses me off that CNBS stole the Unicorn from Z/H... Those losers renting the "hole in the wall", definitely watch CNBS, based on their bio.

Sun, 12/13/2015 - 12:57 | 6917569 The Greek horse
The Greek horse's picture

Why even pay for that hell hole? were the city of San Francisco gives it's homeless people more then 400$ a month more then anywhere in the country.. Go sleep around the Golden Gate bridge and have a better view.

Sun, 12/13/2015 - 13:20 | 6917700 roadhazard
roadhazard's picture

I slept inside a giant redwood on the coast near Big Sur one night with a hippie girl. It was farout, of course.

 

 

... hadn't thought about that in a long time, thankx ZH.

Sun, 12/13/2015 - 13:35 | 6917771 Bobbyrib
Bobbyrib's picture

I bet that if the tree had a decomposing squirrel in there it wouldn't smell half as bad as she did.

 

Sorry, I hate hippies.

Sun, 12/13/2015 - 15:14 | 6918179 roadhazard
roadhazard's picture

Only because you are a dumbass.

Sun, 12/13/2015 - 20:04 | 6919392 Bobbyrib
Bobbyrib's picture

Something tells me you're gonna be "borrowing" a lot of people's stuff when the SHTF. Hit the showers hippy!

Sun, 12/13/2015 - 13:21 | 6917710 Farqued Up
Farqued Up's picture

Refrigerator crates of Late Matamoros-Nuevo Laredo Rennaisance Deco will solve those housing shortages. If located on government property, it will have heated communal inside lavatories. That would constitute stratospheric living as compared to the outhouses in the South in the late 40's.

Sun, 12/13/2015 - 12:57 | 6917572 Atomizer
Atomizer's picture

When I was working with Solyndra as a vendor in Fremont, CA. The purchasing director took me around to show me the surrounding homes. She always emphasized value (750-900k). I asked, what's the square footage? Answer, 500-750 sq/ft. Not too offend her, told her it sounds like a great investment opportunity. 

Only in, the California State of Fruits and Nuts can this be pulled off. Wait until the pension funds start imploding. 

Maybe Obama can offer corrugated boxes or tents for $350/month @ 72 APR loan.

Hahahahahaaa

 

Mon, 12/14/2015 - 05:05 | 6920688 dreadnaught
dreadnaught's picture

looks like Beverly Hills compared to the crawlspace

Sun, 12/13/2015 - 13:00 | 6917588 ZeroPoint
ZeroPoint's picture

A shittier version of the Japanese coffin hotel.

 

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