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San Francisco Housing Bubble Goes Subterranean: $500/Month To Live In A 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...
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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Economist front cover 2016
http://cont.ws/uploads/pic/2015/12/A1W6AZuwvhL.jpg
Spot the obvious omission.
No ommission, Hillary is the only one that matters.
Trump!
And boy is that shit freaky, just like last year's.
Transhomo/gender f(l)ag-a-licious tinkering of the American flag - that's real fucken telling. God, how low we have sunk. "The Future," a novel, huh? Welp, what is written is read by a man who is not seen. Well played...
Don't forget the flying saucer (alien revelations?), Eurochute, and the unicorn-lad with digital glasses lurking in the back.
Mental filth; the death rattle of the West. Bring it. I would not advance across the street to piss on any of them, were they afire.
The rent payment pays almost for the landlords' parking costs for the month
It's a bargain in my opinion.
Jesus, what's wrong with those idiots. They think they're tech geniuses but are utterly conventional in their thinking.
Weld up a barred gate and rent it out as a dungeon for some guy who wants to wear a maid uniform and clean their house after getting home from work.
Start the bidding at 5000 a month.
LMFAO, your bad. Can't stop laughing. Automate the gate with a remote opener. Charge them with a monthly $850 HOA. Tell them the bathtub is a pool and landscape / maintenance is part of home community fee.
Thanks for good laugh.
Sometime in the future, a tsunami will be born with San Francisco's name on it. Unfortunately, the sea water will be contaminated for years after it recedes.
Sometime in the future, a tsunami will be born with San Francisco's name on it. Unfortunately, the sea water will be contaminated by Fukushima before it hits. -fixed.
I know right...all those oil slicks from the KY jelly...
A second home should not be an option before a first home is a right.
Many of these problems are being caused because people and corporations are buying multiple houses and making a fortune from them at the expense of those who can't get into their first homes.
A right? People like you are part of the problem.
The question is, who is willing to pay $500 a month to NOT LIVE IN SF?
I might like California if it werent for Californians...
Location Location Location where Gays love to hang out. SF is full of crap.
Central banks have printed untold trillions to recapitalize a totally failed financial sector and crony markets. The result of trillions of $$ at zirp for the connected 1% is that assets are awash in FIAT. Housing in the major economic growth cities is off the fucking charts, flooded with FIAT.
Does it include a gimp suit?
You can borrow the owner's gimp suit, except during the Folsom St Fair (no, do NOT google, you have been warned).
Gimp sleepin'.
the difference with sf from other places is there are actually jobs there so people want to move there and it is a cool area for an urban space. where there are jobs there are high rents. look at the canadian oil fields. where 5000 dollar/month trailers can't get 500 bucks now.
if they rent that space it will confirm the local cred for being the wierdo capital of the west cost and there is a huge need for housing in the area.
Regardless of the veracity, the silliness of the Twatter economy in the Bay Area is more than eerily reminiscent of the Dot.bomb era. I say let 'er rip as high as she can go... When bottom finally does fall out, the youngsters will get a lesson in reality that their great-grandparents did 80 years ago.
Under the house with a space heater...*sigh*
With a few sheets of plywood, they could subdivide that crawlspace into 6 compartments easy.
And still get $500.00 a space.
It's like the American presidency.
If you want an idiot, you'll get an idiot.
If you want crap you'll get crap.
And same thing for this add and all the rest.
If America would be a normal country, the cops would show up and arrest this "landlord".
In my country, renting out something like that is called housemilking and gets you in jail.
If I want to have fifty people live in my house, that's my business so long as they don't pee in the neighbor's flowerbeds. Washington DC and Brussels should mind their own business-- which could use an awful lot of minding, if you ask me.
If you neighbour thinks it's lucrative to dump battery acid in his backyard by the barrel and you show up complaining because it's hurting your health he'll say the same to you and you'll say: you're right.
If a pedophile lures your kid in his basement and rapes the shit out of your kid and you complain, he'll give you the same answer and you'll say: you're right, I'll mind my own business and I'll go away.
Not the same? Off course not because suddenly it affects you.
It's retards like you who destroyed America. And it's retards like you who think it's good to kill people for a dollar.
You are at the top of mount moron and proud of it and to dumb to realize what a moron you are.
Oh stop it. I repeat: It's none of the government's business who sleeps under my roof or yours. If the inhabitants of any particular structure want to go out and rape children, that's another matter entirely.
What has destroyed America is the desire of a ruling class to make it look and work just like Europe. When we are free of domination by these repressive acolytes of European continental philosophy, we will resume our glorious and joyously uncivilized march to the stars. There's room for you as well, if you want to come along.
And if not, I'm glad that you've found a place in life that makes you happy. That's how the planet should be run-- with individual spots where people with different outlooks can find a home. I don't really want to make you into an American clone and I hope you understand that I don't want to be a European one. What's wrong with having one of each instead of two of a kind and none of the other? Let America return to what it was and we will be happy to leave you to fight your own wars.
How od: HDTV of today and shitty real world around, grainy B&W of late 40-s, 50-s and early 60-s and truly glorious days of USA that you're talking about.
Did not downvoted you. Your bigger problem is thinking that with "this" or "that" those days can be replicated.
Here on the east coast, immigrant families tend to pile into one bedroom apartments. I'd bet you wouldn't mind having them as neighbors.
Just be certain it's not a wanted fugitive, a child rapist, or a bank$ter on the loose. They're all pathetic and I'm putting it mildly.
The only difference in the three? A bank$ter gets a slap on the wrist and earns it back in the next tranche of unbacked garbage derivatives at the expense of most commodities because of "national insecurity" or some shit like that.
Considering the gaggle vying for Dictorious Presidentis I don't see how we can avoid getting an idiot.
I'd sooner go back to living in my car.
That'll save you $100 a month!
And some " Global Warming" ?
Downvoting you would be futile!
"Looking for someone to live in our crawl space...please dont be a slob" lol
Shrek hasn'thad much work since the donkey died
Two things: 1) parking spaces in SF go for just under that proposed rent 2) what are the odds that the mortgage on that Pac Heights ($2M-10M) home has been paid even once since 2007?
does the owl post deliver there?
A lotta folks gonna snap in them gory holes. Prison's gonna seem a progression.
Move in. Torch the place. Leave.
exactly. yeah, bring a space-heater.
Office space available too: https://www.youtube.com/watch?v=T2Y7oo3iB40
Crawl space is SUCH a tacky description - how about... "Cubic bungalow with a Zen ambiance", should be able to at least triple the asking price with that descriptor...
"For the Harry Potter roleplay afficionado, we have a Muggle-worthy..."
I can see it easily subdivided into four rentals.
I'll take those four and subdivide them five further...
Into crematorial urn burial plots!
Cha Ching!!
Sustainable Living. Eco-Friendly. Space Efficient. Carbon Neutral. Cozy.
Let me hear your body talk!
Yeah, and have some home staging experts come in and work some feng-shui magic...
I'd rent that for a month . . . just to make sure my bedbug breeding program had been optimized for city-wide commercialization.
I'd also try to work the lessor for some marketing bucks. "Cozier than Kate Upton's snatch, minus the bacteria, of course."
That crawlspace would also be cheap storage for 100s of kilos of cocaine, or explosives. Could make a great 'love-dungeon'!
How many examples from history and today do we need? Georgist land taxes would have prevented San Franscisco land price escalation. San Fran even has absentee owners siphoning rents from what has become slave labor.
Prices and taxes are inverse of each other. Prices and taxes do not go up simultaneously.
Any economy MUST HAVE taxes aimed at rents. NO FREE LUNCHES should be allowed. UNEARNED income is stealing using prices.
To those of you who say that taxes are force - yes I agree. But, high prices are force too. High prices where there is no price competition is FORCE in the same way as punitive taxes. Only high prices are sneaky rent-seeking methods, and practitioners spew vile propaganda to continue their rent seeking. At least with punitive taxes, one knows who is mounting them from behind.
Or course, since economic profession doesn't teach rent doctrine, then it is outside of most peoples cognitive map. Economists who should know better are the worst offenders.
Stupid humans, especially brain addled economists, cannot even learn by observation. Don't believe your lying eyes? - take a look at San Fran.
The money system has to be changed, or the shit show will continue forever:
https://ellipsister.wordpress.com/2013/11/26/reviving-georgism-what-is-l...
www.sovereignmoney.eu
The ad has been removed from Craigslist. This being CL it might have been an elaborate practical joke.
I say it was real. Have you been to San Francisco? I've never seen so many illegal sublets. And lets not even start to talk about the THOUSANDS of people living in cars, campers or in the park. Could it be a joke? sure. But I suspect from what I've seen it's all too real.
nope still there.....emailed the URL to SFFD
UPS is telling us they can't keep up with online deliveries. Then the fear of porch monkey pirates stealing all these Christmas gifts at house door drop off
Problem of cheap housing solved. Utilize the Amazon/UPS delivery package locker storage features. Taken from the same car rental business model, if the car isn't on the road being rented, we're losing money.
Let's take this same approach and apply it to empty delivery lockers. Because after Christmas, those puppies will need to be rented out.
Hmm, in Pacific Heights no less...
Standard Disclaimer: "It seemed like the perfect crawlspace. He seemed like the perfect tenant. Until they asked him to leave."
Looks like a good place for a pit.
Up until Comrade Putin's Intervention most of the Syrian Army were residing in Crawl Space but are now drinking vodka and learning how to fire the most advanced 'fuck you' weaponry/missiles.
No Prisoners!
Peak crawl space.
Ladies and Gentlemen, welcome to the C.H.U.D. economy.
I'm going to assume this is a satirical ad and presume that given the response things are pretty bad out there.
I hope the renters realize that a 'space heater' will cost around $200 month to run. They are one of the worst coal suckers there is.
The Crawl Space Phenomena ' radicalised ' some folks. The common garden trailer is now considered Chic.
Full circle TeePee will be the Bottom.
So whats the big surprise?......San frans love affair with the homeless, has gone on for years now, and it surprises you that liberals want to have some as pets now.....What you forgot to mention is the 500 dollar rent will be subsidized by the taxpayers.....
Luxury!! I once lived in a paper bag in a septic tank!
"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."
Isn't that nice... Americans giving a helping hand to Americans down on their luck.
The ad forgot to mention you would be sharing the crawl space with Harry Potter.
The crawl space - dirt floor, lopsided - dank, dark. Uh - isn't this how America started? Returning to our roots.
i dont know about SF proper, but around the Bay, such as in Cotati they, have Black Widows
I've got a unit I own outright and lease for $1,335/month. Zillow claims I should be asking $1,450 for it, so will probably move it up in price next year. And when the market goes tits up - recall that booms and busts are part and parcel of capitalism - I'll simply lower the price to a market rate.
Big deal....
You gotta keep it at a rate you know people will pay. If you get someone defaulting on their rent, it becomes a problem..your problem.
I work in energy, but not in Williston (North Dakota) where the wise-ass mayor wants to remove the man camps so the new apartment and hotels can actually get some vacancies filled and get some income on the huge debts they incurred while the Bakken was rockin'! Well, with WTI flirting with sub-40/bbl, it's gonna be one interesting tight-wire act when the companies are handing out pink slips, and these man camps are well-managed and highly secure with very few true nuisance issues.
Gee, I wish were were all financial geniuses like you...
Oh, and when I draw the ire of the Tylers and they discontinue my free account, I'll simply start posting with one of my other (free) sleeper accounts.
So y'all will be sure to get your daily dose of reality!
Nobody wants to buy your drugs, Louis. Why don't you just go away?
Standard Disclaimer: Yes, it's movie quote day...
That London stairway closet isn't lookin too shabby now.
500 Bucks no longer pays for a Studio?
Okay. If you live alone; and need to commute to SF during the week,
1) Buy a (used) Car/SUV/Van/SmallRV - if not previously owned.
2) Park it overnight at a 24hour Gym / Diner; and Sleep in the car.
3) Shower/Shave/Change Clothes/Use the Restrooms from #2
3a) Bonus - #2 had Wifi
4) Put the bulk of your belongings in a storage unit in the boondocks.
"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."
Expect a visit from the Building and Fire Inspectors.
That's why these child-toy-loving rentiers are suspicious. Now if they tried to rent the space to a grow-op operator I'd more inclined to see their point of view. In fact, I'm guessing they could get at least twice the asking price...
Eh ...
In grad school, I lived in a wall once:
http://iamsully.com/?p=11875
Couple of gay guys trying to lure in a cellar dweller for a threesome?
WTF is fresh pow pow?
Fresh Snow (you know, the real kind that fall from the sky)?
They could be two "Jeffery Dahmer" Types Trolling for their next victim.
Rent a room, or live in a Car if your startup pays so little.
Am I allowed to sublet a corner to Mr Hankey?
I rent two rooms out for $1100 a month each in the haight Ashbury District. But I been under rent control so long, (24 years) my rent is only $750 a month FOR THE ENTIRE THREE BEDROOM APARTMENT.
IT'S A FUCKIN GRAVY TRAIN.
You should raise the rent.
Gubmint's your best buddy.
Asshole
This is the kind of thing that causes mass shootings. Better not tell anyone.
section 8 defers a lot of those high rents and hands the cost to taxpayers. meanwhile feinstein, boxer and others get rich off their taxpayer subsidized rentals
Yeah...the motherfucking economy is so god damned back.....
Yeah...
These two fucktards need to get an old fashioned ass kicking, just for being PUBLICALLY....total fucktards.
Using Craigs List gets them two additional kicks in the nuts - if they have any - with a polished Tony Lama Rodeo Special.
Sign of the fucking times is even a decade ago, these two fucktards would not have dreamed of posting this effluvium.
Lighten up, francis.
Who says the boots need be Rodeo Specials? I could take my old rodeo boots (yes, older Tony Lamas made for bull riders) and have them put to good use if they still fit.
These assholes sound no better than that creep who still deserves to be sterilized by having bought drug rights, then went up thousands percent trying to use some bullshit excuse for having done so. He thought the insurance would blindly pay, right?
Seems very much like London... Flatshare is common for people in full time jobs, even far from the centre. Soon roomshare will be the new norm.
air-share is coming soon ...
(as fresh, clean, air becomes scarce)
And air b-n-b will take on a new meaning ...
(and life will suck)
https://www.youtube.com/watch?v=EykuXgX5zZ0
Says the village idiot; he does.
Says the ass-hole queen.
That hole is kinda american dream?
I could handle the crawl space, though not the house mates. Dare say I would end up burying them in the crawl space.
It's certain the city inspectors will be paying these two homos a visit.
The permit Nazis are relentless.
I thought so or Dickensian circumstances will be with us again.
They call this the John Wayne Gacy Suite
Fools. They should divide it, fix it up a bit, and charge $750.00 (each, not including utilities) a month, and call it a "double sleeping quarters.
This is “living” in liberal, progressive SF, the playground for “beautiful” people. When the CA real estaI bubble pops, look out.
I think you can probably start a family in the crawl space...but I don't think you can bring up a family in that space...
Don't knock it, I lived in the storage space under a stairway in the Mission District for 4 months when I first got out here.
I might have to pop by there and see if they'll let me metal detect it first for a few beers...
I thought it was a fireplace
Its sorta like the fireplace in THE GOONIES. Lots of elbow room under the fire log, where all the hot ashes fall.
Bernanke should be forced to live for one month in that hole.
I think it was an attempt at a "Best of Craiglist" nomination.
Yes, there is such a thing.
I lived in SF '82-'86 in a 4 bdr, 2.5 bth house renting for $900/mo near the base of the Mt. Sutro Tower above UCSF. We split the $900 4 ways which still seemed like a lot at the time. (going rate then was around $1200-1500). The Chinese owner gave a break to grad students cause we wouldn't tear up the place. My how things have changed.
Friend of mine worked for the US Post Office around Redwood City and getting shuffled between San Jose, Daly City, and Redwood City made him a millionaire. The post office will buy your house at the going market rate if they want you moved so he made boodles along the way. He then stayed in Redwood City until retirement and he nets over a million for his average house.
If this ad is real, someone who knows the SF rental system could rent this and make these assholes lives a costly, living hell.
Yellen will breast feed her QE milk to save us all.
Future-trending and EnviroSensitive Subterranean Domicile. Think efficiency studio for the New Millennial. Back to nature sensibilities with retro appointments such as a real dirt floor, exposed beam ceiling, walls, support bracings, heirloom metallic plumbing, asbestos-jacketed hot water supply and delightful fabric jacketed wiring. Fall asleep to the sounding of running water. And flushing toilets. Use of space heaters in this confined space will keep you cozy and would have the added advantage of indicating accumulation of flammable gases and volatile solvent fumes. Better hurry, this gem won't last long!
lots of 'old world charm'
Prop 13 was flawed from the biginning .... it created a two tier tax base .... low taxes absolutely .... I'm a whore for low taxes .... but, low taxes for all real estate .... I had misgivings from the Al Jarvis days .... but was shouted down ?
I would support a regressive real estate tax .... discounts for larger properties .... a volume discount if you will .... available to all .... income tax, too .... volume discounting is a Capitalist reality .... and encourages healthy investment and growth .... progressive sucks ?
Have you looked at the numbers on homes today qualified for prop 13? You you loopey lefty dope. It pales in comparison to those not qualified ... by a factor of 20
Let my guess Montes ... it GW 's fault too?
"Derek Zoolander, you must become the face of DERELICTE!"
Sounds good but two problems as I see it:
1)Californians
2)Could not live with a couple of homos
Oh c'mon. This is your BIG chance to be JUST LIKE Harry Potter: live under the stairs in a total shit-hole before being led by the hand to Fairyland! Its every boy's dream! (Or so Roland Emmerich says)
Here is a thought: The two fudge packers have some 'gay related accident', you bury them in the crawlspace 'buns-up', move into the main house, and then charge gay necrophiliacs $500.00 for 30 minutes in the crawlspace