James W they can still afford a budget of over a million for a home. And they pay 7,000 in rent. Not average either 🤷🏾♀️ they have money... just living in a grossly overpriced city.
@@LamboV12 IF that were the case, this couple and millions of people dumb enough to stay in California won't be COMPLAINING about lack of affordable housing.
Alex Rodriguez I agree......and if you don’t have the nice house, beautiful wife or handsome husband, cars, and fabulous children you’re a complete loser that should jump off the Golden Gate Bridge because life is all about acquiring things instead of just living your life. What a shame indeed.
Rich people complain about been poor more than poor people do. No joke, i met a woman who can't fathom how people can survive on 50K a year, "bitch i lived on 12k a year for 5 years STFU"
Because a million doesn't get you much in the Bay Area. Also, notice how the video mentioned that the home the couple looked at went for almost double over asking. TBH, I think part of it has to do with how they choose to spend their money. They could easily cut 2-2.5k/month by choosing to live somewhere less nice, so there's that lol.
I understand the cost of living is high...I'm not speaking on literal terms as far as where they are choosing to live...I'm saying in general .. there are hard working people counting change right now to be able to pay a bill...or get gas for the week ..hell even eat a meal tonight ....and they are saying with a budget of over a million finding a home is a struggle 🙄 what struggle
Morning Glory when you buy a house/property, you are investing your money into an asset instead of throwing your money away into rental houses that someone else owns. That’s what he means by saving money.
@@ROYBOY322 Many people here don't seem to understand that. Agree with you 110%. They also have the free will to do whatever they want with their property, when where they are living now is not and never will be their property. They are paying insane prices to abide by someone else's rules
People like these have no appreciation for money, you can rent a decent 2bd apartment in SF for far less than 7K, they just CHOOSE to rent in the most overpriced building in the city and squander their earnings. Also they can find a 3bd in many very walkable parts of the city or in nice areas oakland in that budget no problem, they just want the most sought after neighborhoods. Bay Area home prices are bonkers but you just have to manage your expectations and spend smart.
exactly! I have a 2 bedroom apartment in San Francisco for $2,200 that I JUST STARTED RENTING!!! these people in the video are just... something else 🤦♀️
They want to live a luxurious lifestyle because they have the income that anywhere else, would let them live like that. I think that's why the'yre renting that $7k apartment... but they fail to realize that in the bay, even if you have a "high income", doesnt mean you suddenly get to live like a king... They need to humble themselves and just find something else.
Wow, I just paid 1.1M for my house... 5 bed, 5.5 bath 5500 sqft house with a private boat dock out back in St Petersburg, FL. Honestly... just move somewhere else!
@GRODT Gang she's not on the east coast, if you don't know anything about Florida (which clearly you don't by the looks of your comment) don't open your mouth.
@GRODT Gang uhhhhhhh lol see above. I wouldn't say that hurricanes annually hit St Pete. Are you familiar with Tampa Bay, Safety Harbor, the Gulf side in general? Maybe do some research before ya call someone names. Hurricanes are common on the east coast, dumbass, not the west coast. I know, I live here. Besides, I would rather have WARNING of hurricane vs. no warning when an earthquake hits. I've lived it the SF Bay as well, no fun. So...you suck. You have no real info.
As a kid growing up in the 80's, I remember seeing San Francisco featured in movies and TV and it seemed like such a gritty, exciting place but it appears to have turned into d-bag central.
As a kid who grew up in the bay area in the 80's, not much has changed. It's was a great place to grow up and live, but I can't afford it. Don't judge it by what you see here in the movies, it has its problems but it can also be an amazing place.
These two people are part of the problem. Why move to the place in the country with the highest cost of living? I understand the inconvenience of moving away but these two are moving into the situation. Even if they both make 6 figures it's a bad financial decision to move there.
“It’s really cold in Minnesota” There are 48 other states to choose from other than Minnesota and San Francisco lol. Then move to a new state where you can get a bigger better house for your budget.
If you didn’t notice while watching the video, it was mentioned that the family is seeking “Silicon Valley dreams”. In case you didn’t know, Silicon Valley is the technology capital in the US... that being said, there is no other state that could offer a job that pays 500k/Year starting off, while doing what you love. With that being said, cost of living in SF reflects from opportunities which surround the area. I’m finding that their problem doesn’t stem from not having enough money, it stems from the fact that they were a little ignorant about the area before moving in. They should have took a little more time to research the essentials which would guarantee them a smooth transition. Not only is San Francisco not a state, like you claim in your comment, but it is one of the only options considering the dreams these people set out to accomplish. Minimum wage in San Francisco is literally more than double, than what it is in most other states. You’re correct, you can get a mansion for a million dollars in other places, but that means they’d have to downgrade their entire lifestyle to something they don’t WANT. When you’re busting your ass for your money, you’re going to go out and get what you want. California is literally, probably the ONLY state in all of US that could be considered a first world state, maybe that’s what they want.
Minnesota is only cold from mid November to early March, it gets over 100 degrees here in the summer. People act like we’re Antarctica or something and it’s cold all the time.
they wanna live in luxuriously...you can go to east bay and rent a 2 bedroom for 3,000 even 4,000 and you can also buy a house in Oakland for under a 1mil. i dont feel sorry for them...they just wanna live the glamours life.
Thank you!! Same issue in NY! This cities have become so overrated real state developers take advantage of peoples emotions to overprice everything! Millennials and to a large extent Genexers let themselves be fooled into living in" great.cities"
Hear and read so much about how cost so much to live here in cali, already got plans to move closer to other family later when gotta move. just saving where i can and when the time comes, i am outta here for good. times have change so much almost anyone or everyone i know has move out of town or out of state.
I used to live in S.F. I finally moved when the price of a Studio in downtown S.F. went from $650 to $800 per month. A 2 bedroom at the time was $1600. That was almost 25 years ago. Ended up moving to Vegas and paying $550 for a 2 bedroom. The same Studio in SF is now $3k per month and the same 2bd in Vegas is $915 per month.
After the Flood - 4,500 years ago - Noah landed on Mt Ararat - which is in Anatolia, Turkey - his 3 sons gave rise to all the nations (every country's original name comes from their lineage/descendants) So we're all Turkish - end of debate. No such thing a racism either as we're all different shades of human so we can drop that horseshit liberal/marxist paradigm. And while we're at it - all women in Hollywood are abject whores. In fact they're worse than whores. At least whores do an honest days work.
That's about the only way to do it there, or live in an RV, but you are probably better off on a boat in Cali that is mooring off a structure unconnected to the mainland.
The property tax alone on a $1.2 milllion dollar Bay Area fixer upper is around $15,600 a year. That's $1300 a month. On top of that you have mortgage, water, gas, electric, garbage pickup, fire insurance to pay. Then you have to pay huge bills for contractors to put the plumbing, electrical, heating, drain pipes, roofing in shape and maybe have to do asbestos abatement. If you do a certain dollar amount by building permit, the County may require you to update other things like install double pane windows and do seismic foundation bolting. Something tells me that we are on a speeding bus heading toward a cliff and the driver just died of a heart attack.
with that money they can get a decent single family home in daly city or south sf, probably better schools, and they can drive or take bart to work, which takes them less than 30 mins to get to sf downtown, it’s not like they have no options
I find it ironic and poetic justice that the very people that drove the locals out now can't afford to live here. LMAO. It's really sad people who weren't born here are considering leaving. Not! My husband and I grew up here, and live in the same neighborhood as these two. Our rent is $2,800 a month they have options not to live in a $7,000 a month building. And I don't know why they would want to have a kid in this neighborhood there are no parks, it's not very family or child oriented compared to other neighborhoods.
Oh dear, how can you survive in a $1,100,000 home at 32 years old?! And how did you survive in Minnesota on such a low budget?! With all that cold weather? My goodness... My heart bleeds...but what about those of us who aren't rich??
Why would you even consider that especially with a small family with a good income like that? Thinking what the future would be like. Jesus Christ that’s depressing just thinking about it. Taxes alone are fucking insane on any west coast city let alone there....
Move out of San Francisco, buy any where but there. That way the couple can build wealth instead of giving everything to the banks. They will end up broke when they are old.
First Last Indeed. You can't build wealth there. My sister tried and wasted 10 years of her life in San Diego. I'm sure it was a nice experience and all being on her own for the first time. But no savings,investments,equity,etc. and she's in her 40s now. With she had listened to me.
How are they giving everything to the banks? What the hell are you talking about? It's the banks giving us everything; they get free banking, just like the rest of us! Mortgage money that they can't save for, or even get from their own family and friend- and only have to pay back in installments over a period of 25 years! Try doing that with your family and friends!
It's scary, everything going up so fast, except our pay checks. I hope this isn't the sign that the whole country is going to be like California in the next 30 years😳.
Adam Dang We are too... I'm in NorCal and we're long overdue for a big shaker. But where we are: we're in a slip strike zone, where the tectonic plates rub against each other; they rarely cause quakes higher than 7.0. But the Pacific Northwest: they're in a subduction zone where the deepest parts of the earth just push straight up and when they do, MADONE, we're talking 8.0, 9.0...massive.
these people just don't want to admit that they're actually middle income here, maybe even slightly below. There are lots of homes in SF proper that are actually under a million, but they're in less desirable neighborhoods. These people come from middle of nowhere america and get 6 figure salaries, then think that they're rich and splurge on a 7k apartment. They're just not willing to live in places where the rest of us are cause they think they're above it.
My parents bought their house for 50k in Idaho 20-30 miles outside Boise. now it’s worth $150,000k. My grandmother bought her house for $20k now it’s 200k
They want to buy a home to save money yet live in an apartment that is 7000k a month… Yea they clearly they lack basic finance skills and should probably go back to Minnesota 😂
It's expensive because its a world class city(food/entertainment) with VERY nice weather year round. You can't compare SF with Minnesota LMFAO, Like comparing a mercedes with a Kia lol
So each of them will have a salary of around 150-170 a year. They are living way above their means. This is such an unlikeable couple…don’t know why. I make $ 550k a year and would never spend 7k on a luxury high rise apartment.
Born and raised in SF. This city has lost its way. Techies are to blame. Homeowners are to blame. Lawmakers and their laws are to blame. Foreign buyers are to blame. Everybody's rooting for another major earthquake in SF, myself included. Just don't hit when my family or I are in the city.
Beverly Huttinger This is the second time you made this comment with the fake "LOL". You feeling some type of way because he is with a Spanish girl?? Sounds like jealousy to me.
Beverly Huttinger ... Actually racist. Don't assume someone's a gold digger off of the color of her skin. Also, she makes a shitton of money off of her job, it's not like she needs him.
Beverly Huttinger since there's probably not many other places to Carter to that skillset, and she'll eventually be payed more than enough to pay it off,I don't see how that makes her stupid. Also, cut it out with the (LOL)!
Beverly Huttinger to not take a job where you will eventually do very well for yourself? You seem more jealous than anything lay off people on the internet, and maybe work hard enough so that you can buy a house in the greatest city in the world. I'm not a fan of techies myself, but they aren't stupid. And you certainly shouldn't judge them by the color of their skin.
When I was in college, 30 years ago, the Latinas dated the comptuer geeks for a number of reasons. One reason being that Latin girls outnumbered guys by quiet a lot, and geeks have always had harder time finding girlfriends, so all the computer nerds were dating Latina girls. Its a matter of you take what you can get.
Seriously? No one gives AF about these people. Let's shed the stupidest single tear we can for them because they have ONLY a million dollars to spend on a house. The whining in this country has gotten unbearable.
They have a budget of over a million dollars but still cannot buy a home? Ok something is truly wrong. What about others who have way less? No wonder many are homeless and living on the streets.
No one could pay me enough to live in California.. I live in Georgia . I have a 4 bedroom house, with a den eat in kitchen, formal living room and dining room and 2 baths . It sits on a pond with a huge yard.. my mortage (without taxes and insurance) is less then 700 month. With taxes and insurance we pay 1000 a month!!! Keep Cali. NO THANKS
@@lmd499 well, black hollywood came to Ga because of the taxes being so much lower . Hollywood films more in other states then Ca because of your high ass taxes. How do you like all those homeless camps
Plus I live 3 miles from Florida the best free state in the union. Enjoy your lock downs again and mask mandates even though we did not have them and did better then you guys
are wages really that much higher there? i live in minnesota and have to admit the wages are shit. housing isnt spectacular either, my uncles crappy house is worth like $700k and average rent is like $1300/month for a 1br. parking is like $160/month in minneapolis too
"We need to buy a home to save money". What kind of stupid statement is that? I hope this couple already made some calculations of how much it actually cost to buy a house. Don't be house poor just because you want to "save money". Have emergency funds ready in case something happens, especially with a new born baby. If something in the house breaks, YOU are responsible. Not to mention taxes and other unforeseen maintenance. Good luck!
Most homeowners don't have earthquake insurance and if there is a severe quake, contractors will be charging what the market will bear. That means that many owners will go bankrupt or they'll have to sell at a huge loss.
Charlesbjtown - I own my house outright thank you. Renting and buying a house has its advantages and disadvantages. Just stating the fact that a house is one of the most or the most expensive "investment" you will ever make. Make your decision carefully before you sign on the dotted line.
Richland Zee that's the truth if u don't buy a house to save money your rent goes up just like what happened to the last tenant of the apartment and they will end up moving back to Minnesota
a mortgage is a huge loss though if the market crashes. which appears to be the case in san francisco. prices are higher than ever. people are buying properties for the sole purpose and hype of rising prices, this will all come crashing down. yes prices will still be high. but nothing like they are now.
Eric Cerqueira exactly. Buy something for $500k in Sacramento that’s comparable to something for $1 mil in SF. Buy a Tesla and autopilot to work and back everyday 🤷🏽♂️
First world problems. “Their budget is only $1.1 million. They’ve been looking for more than 4 months. The home ended up selling for well over $2 million.” Oh the struggle for this poor family. Even the news is silly and pretentious in San Francisco. Median home price in US is still $200,000. Move to a different area like Minneapolis, take a lower paying job and live your life. People want to live near water. It’s expensive. Get over it.
you should find a place for less than $1 million. go look at the sunset area. as ridiculously high as san francisco is, and it is, you can buy a place for that amount of money. i'd say they have expensive tastes. $7000/month on rent? there are tons of places you can live in sf for less.
Right?? It's like they chose the most out of touch people to inflate the story. Housing in SF is over a million but like... just literally shift your focus in either direction in the bay and I'm sure they'd be able to get a house just fine. Last I checked there were downtown apartments for half that, they must be living in the most expensive apartment in the city.
Are you talking about the sunset district? Like in the avenues where Abraham Lincoln high school is? Those homes used to be affordable not now I mean I guess if you got 1 mill you might be good
For the past eight years rent in Sacramento has been going up. I already know 4 people that work in the bay area by commuting there daily. It's just a matter of time before rents in sacramento go above $1500 for a one bedroom.
Of course these people are programmers and want to live the high life in SF. I am a programmer myself and its people like this who listen to anything to live in silicon valley. Not worth staying broke i know programmers who make 250k in SF anf they are broke that poverty. Its insane.
How are they broke on 250k? I honestly don't understand how anyone is broke making six figures in SF. Either they have no idea how to budget and go out every single day for lunch/dinner/coffee/drinks or they have a coke problem lol.
Bro, what they pay every month for rent i could split it between a car payment, other bills and non-bill expenses and still have way over half of the 7000 amount to put in savings. Like seriously?
When you consider the percentage of our own labor that goes into paying for our living space, it's a horrible deal. People are contributing half their working life just to have a place to live. In a way we were better off building cabins in the woods. Six months work and you are done. No rent, no payments, great view. Now we live in a state of semi slavery for the sake of our homes. When people pay over a million for a dirt ordinary house, that doesn't even include interest over the life of the loan, something has gone badly wrong.
Sky high cost to buy or rent? Companies are paying sky high salary, did I miss something? I am trying to sell a San Pablo home in Jan 2019 for less than $500k, less than 20 miles away from SF and almost no takers?
"we need to buy a house to save home", 0:42 - 0.43. Did I just hear that right? Once you buy a house, you still have to make payments such as bills, insurance, property tax, and surprise costs to damages to the house that can come out of nowhere. They are better off just renting if they are just trying to "save money".
true but even if you account for all that you still pay much less money per month than if you rented the same place, plus you can sell it in a few year's and make money. The one real risk is that the market crashes again, which is hard to predict.
