Here's How Much You Need to Make to Rent Or Buy a Home in San Jose 

I visited San Francisco a few times for conferences and every time, it got worse and worse in terms of poverty and inequality. As a foreigner, it’s weird to see much misery in US yet the place is filled up with rich techies.

"it turns out that making it in the bay requires a heavily hourly wage" ... groundbreaking reporting right there....

Severe failure of municipal authorities. For example, San Jose's city leadership keeps on talking about making it easier to build more living units, but my brother's ADU took 6 months just to get his blueprints approved.

I’m a full time student at sjsu working a little over minimum wage for 60hrs/week and honestly I feel like a pauper living here. Rent is $2400 for a small old 2bed 1ba fourplex. I’m grateful I have this but it was hard getting it because they require me to be making 3x the rent which is crazy. After I’m done with school I’m out of here.

Unless you bought a home in San Jose like 20 years ago, it is too expensive to own one and that's the reason why you see a home with like 4 to 5 families living in there. One of the reasons why there's almost no parking and alot of traffic.

I consider myself lucky then. I only make $29 an hour and the wife $31 an hour, however. After the housing crashed in 2008 we used to rent and decided it was time to buy. Even then investors and people were buying cash. We were able to buy a small house in Hayward CA $238k with only 3% down and $1600 bucks mortgage, I guess those days are gone. Houses being going up and up. My small house is now around 800k. Yes I consider myself lucky.

“It sucks here” truer words have never been spoken.

Unbelievable that someone who takes home $10,000/month is poor here. Oh the wonderful Bay Area…

With WFH as a new norm, there is no point in living in Bay Area at all. With these housing prices, most of the startups will move away from the BayArea anyway. Future technology is not limited to Bay Area any more.

Bay Area housing is expensive for two reasons: 1) lots of high paying jobs; 2) a severe shortage of housing. If you don't make the big bucks you will be competing with those who do for a place to live. Another issue is that most of the Bay Area consists of water and mountains. There is no room for the urban area to expand. Plus, the NIMBYs, who already own homes, are against building high density housing, which is the only kind of housing that can be built in such a confined urban geography.

I live three hours down in San Luis Obispo County. I make $30 an hour. I STILL can't qualify for my own place because I don't make the 3x take home income requirement. It's crazy how much worse it is in the bay area.

I pay 2400 in San Jose and that still is considered “cheap” .. it’s ridiculous out here 🤬

My wife and I were living in a minivan in the Bay Area making $120-140k combined. We bought a house in Los Angeles a few years ago with that money and the house has just about doubled in value. I’d come back to the Bay Area to fill empty non-tech jobs if the price is right but I still wouldn’t fathom buying in the bay.

Im a Bay Resident and higher wages mean nothing if everything else is more expensive. Not only that youre taxed more and will probably get robbed because a DA thought a violent offender needed a 32nd chance. But hey its progressive to make the poor poorer after all we voted for this

When I was a kid a lot of the homes my friends and I grew up in were owned by cal trans,what is now the 101 freeway north and south bound were neighborhoods that were demolished in the mid 80’s and early 90’s to expand the San Jose airport and the Guadalupe expressway became the now huge 101 freeway that crosses over where the county jail and all along Coleman avenue the neighborhoods that were for the poor are gone,the county wanted to do away with the “poor” as San Jose morphed from a city of agriculture and mild industry jobs to tech,when I was a kid people’s parents worked simple jobs maybe mom was a nurse at valley med,or a yard duty at some elementary school,maybe she worked at one of San Jose’s big canneries and so did dad or he worked at United motors or the ford motor company both in Milpitas,I think there was fmc on Coleman,Westinghouse or construction,now all of that stuff is gone and so are the fields and the jobs of tank building or building ford trucks and cars of those years...tech companies came people had to keep up learn computers or get left behind,the east side and some of west San Jose still have apartments that are more fore the average regular blue collar family,places near Campbell have affordable apartments but high on gang activity,lack of pride of ownership or just caring about your neighborhood is lacking so you see stray dogs and cats,abandoning of cars,graffiti all over the place dirty streets and slum lords who don’t ever fix the dated apartment troubles,not all are techies not all are High paid lawyers and doctors not all are county workers which to me is almost like being a welfare recipient,free money from tax paying hard workers..my point is a lot of the houses in better areas were inherited and left to children born in the late 60’s and mid 70’s a lot of these kids are parents now but don’t even live I. San Jose I know a few people that live out of state but rent out the house they grew up in near the Almaden hills,no hardworking blue collar family could pay these rent fees you need to make at least 200 k a year to simply stay comfortable,unless your willing to live on the east side I’m talking about king and story east side capital park east side,you can still find a 2-3 bedroom home for under $2500 a month but expect no parking no street cleaning no city clean up along the freeways in that area,graffiti and gangs,

I moved the family from San Jose last September. I made $56 an hour and lived in a luxury apartment at 2500 a month. Moved to Las Vegas and the same rent is now a mortgage with enough left to save. San Jose is beautiful, but it’s slowly going down. I miss that city but had to leave.

just what will the city do when they finally price out the middle and low class people. who will they get to do the kinda jobs that these wealthy class wouldn't do themselves.

I kinda got lucky I only pay 1200$ a month for my studio with all utilities included but it’s still kinda expensive living I make 25 hourly so not to bad but pretty bad I wish things were lower though so none of us would be struggling to make money

"Why're you moving?" "Cause it sucks here" 😆

Unless you were born there, I don’t understand why anyone would move there long term other than being a multimillionaire! Every time I think homes are getting expensive, I look at home prices in the Bay Area! This video is therapy for me lol!

And so many of them are coming to Vegas and driving home prices way up, please go to Austin

Now it makes sense why people are robbing people in the Bay Area.

everyone is talking about this issue but what are they doing to fix this?

Over pay to live in a city of violence and homelessness, wonder why ppl can’t afford a house. I’m 26 and lucky to have parents who can help me out a bit cause if I didn’t I’d be homeless too. I work construction and make 25 dollars an hour… our country is letting us all down.

when she gets to Idaho...it'll suck there too. EVERYWHERE is high priced....

$125 hours for 30 years do you think your BOSS will keep YOU for 30 years

Glad I’m in Texas 💪

Same here in Oahu Hawaii. Homes in my neighborhood are going for over 1 million dollars and rent is 1800 for a small studio apartment. People are renting out bedrooms for 1000 dollars. It’s pure insanity, I make close to 40 bucks a month doing IT. I can’t afford a house and there is no way I want to spend 1800 on a dinky studio. People are just living at home, saving up money. It’s not uncommon for up to 10 family members(including children) to live in one 1300 SqF home. In that setup 4 working adults working on a 30 year mortgage on a 1 million dollar home with 5% interest is about $730 dollar per month which is affordable even if they have a full time job that pays 10 dollar per hour each. I should look for work in Mainland, however in Cities with lots of high earning Tech people, the housing prices are not much different than where I live now, just 200 to 300 dollars cheaper rent, maybe slightly bigger apartments too. In order to find a place low enough to be worth while the major move would be in a desert with nothing around. There is a reason why prices are lower. It’s boring AF. Its not a bustling city.

so that's at least 112K a year to rent and 255K a year to own (based on 8 hour/day of work). Yeah... I can't afford either one so I guess I'd be homeless in SJ.

Idaho really when winter comes it really will suck there, and u will miss that lovely bay area weather

The sad part is , land is not scarce in San Jose ..

Why would anyone live there ? I have to make 123 an hour to buy a house ? I'll move to Texas and buy a house making 25 an hour and have a Toyota sedan type car and still have money left over .

Pretty ballsy to say on live TV that you're moving from Cali to Idaho. Just going to go screw up a different economy by inflating the housing market with your $50K over asking price CASH offers...

Plenty of real estate in Nebraska, there’s a reason Hawaii is expensive. It’s nice there.

Idaho is going to be overjoyed another failure from California is moving there.

Dose selling weed count ass proof of income ? 😭

It's sad that the minimum wage won't go up but everything else does!

you know I guess I probably shouldn’t even say anything because I’ve never been to California but if I’m not living right by the water......the videos,pictures, articles like this I’ve seen it mostly looks like any other city in America (yes I know y’all have wine country and the movies that’s not what I’m talking about I’m talking about densely populated cities in California to me it looks like any municipality right here in Atlanta)I don’t see what’s the big hoopla unless you are working for tech Giants but still there needs to be some regulation I will never live in California or New York I laugh at the prices......in Georgia I live very close to falcon Stadium yes the houses are high because it’s Midtown but I would say 40 miles outside of Atlanta you can get a 6 to 7 bedroom for less than 600,000 easy and possibly even a three car garage and adequate land front and backyard

As somebody who doesn’t live in California this is absolutely amazing

I wonder how many houses are actually occupied? I've heard many are vacant.

I'm glad I moved out of San Jose. Bought a $350k home elsewhere and paid it off. Now we're debt-free and we can start saving for our kids and future. Should've moved 5 years ago and we could've save more, I was reluctant like many people.

You need to lay down in a gutter and consider.. would this be more comfortable if I got a job and leased that new iPhone..?

14 months into pandemic houses $400k. 2019 houses $124k. Amreeika is crzazy

A couple years ago, a Subway manager was making $7.84 an hour in Cincinnati, Ohio. Not even close to the $124.00 an hour needed for San Jose.

all that for rent not including the risk of getting your car broken into. it’s ridiculous in san jose

That’s why I moved to San Diego in 2009.

The housing crisis is fake. The U.S. have plenty of homes. We just have a lack of affordable housing. When I bought my first investment property in 2016 for $25,000, I put $30,000 in it to remodel and now its worth $250,000. That house was city owned sitting empty for 10 years yet no one bought it. We bought 6 homes so far this year all worth double to triple already and they all sat empty for awhile and again no one wanted them. Obviously this depends where in the U.S. you are but not everyone needs to live in the biggest cities and pay huge amounts for houses when they have a low skill job.

If anyone is looking to move to south Texas specifically san antonio texas let me know I can help

This is known as gentrification. You can thank the tech companies.

I left Diego in 2015 and don’t even go to Cali for fun.

a 6 figure salary in California is like 50k in the Midwest

Be sensible. $54/hr for a 2-bedroom apartment means you should have a roommate. This has been the norm since Friends started airing in the 90s.

“It sucks here”.. about sums it up

I hope that the screwed up people that are leaving dont ruin the rest of the country their moving too!!

Buy a tent.

Many homes in SJ are used for LABs. This drops housing prices. Everyone should open a laboratory. Market will drop. I counted eighteen homes ceased. That number is currently rising. Laboratory homes are ceased by DEA.

Renting, in general, is dangerous. If prices go up, like they are now, you have no control over that. In some places, there are limits to how much rent can increase, but in many, there are not. I'd much rather have a house. Sure, you've got to fix everything yourself, but you learn. I do all of the plumbing and electrical on my house myself. There's no better feeling than knowing that no matter how much rents go up and down, your costs are fixed. And when you pay off the mortgage? You're done!

Aye this is insane in my country Honduras the island of roatan you can build a decent house with 5k to 15k its crazy lol 120$ a hour that's a half month salary in our country sheesh

*Parts of San Francisco resemble the poorest slums in the world -- even though the city is one of the richest in America* Encampments of street people are everywhere. Some pitch tents. Others defecate on the sidewalk. Some are mentally ill and harass people. John Stossel asks: "why does such a rich city have a huge problem with homelessness?" One reason in that the city fails to enforce even basic laws against bad behavior. The Daily Wire's Colton Haas filmed one woman who says: "Police don't do anything about it. They'll get somebody for drinking a beer but they'll walk right past people using a needle." Many crimes, from shoplifting to car break-ins, are often ignored in San Francisco. An average of 85 cars are broken into every day in the city. Yet police make arrests in less than 2 percent of car break-ins. Even some street people complain about the behavior of crazy and violent homeless people. "They run around and they shout at themselves ... They make it bad for people like us that hang out with a sign," one man who usually sleeps on the street told us. Since store owners can't rely on city cops to deal with the masses of homeless, some hire private police to patrol around their stores. Private police are effective, and there used to be hundreds. But then the city's police union complained, and now there are fewer than 10 left. Stossel notes that another reason for the city's homeless problem is that the city offers relatively generous benefits: free shelter, train tickets, and $70/month in cash. That's in addition to food stamps people can already get. San Francisco's politicians have promised to fix the homeless problem for decades. In 1982, then-mayor Dianne Feinstein bragged about creating "A thousands units right here in the Tenderloin" for the homeless. In 2002, mayor Willie Brown said "you gotta do something about it." In 2008, mayor Gavin Newsom said, "our combined efforts ... have already moved 6,860 human beings off the street." In 2018, San Francisco's mayor was still calling for more money. San Francisco also passed a big new tax on employers to raise money. But so far, the extra funding hasn't worked. The number of street people has grown most every year. One reason is that rents in San Francisco are the highest in the nation. Laura Foote is an activist who runs the non-profit "YIMBY" -- or "Yes In My Backyard." She tries to convince people to allow more housing. But even in liberal San Francisco, many people don't want that. "I would hate it. I would hate it," one woman told John Stossel. "I think it'd be really congested," said another. Developers complain the city severely limits them. "Let me build," says developer John Dennis. He spent years trying to get permission to replace a graffiti-covered, long-defunct meat-packing plant with nice new apartments. He eventually got permission to develop the new building will house 60 people, but it took 4 years. "And all that time, we're paying property taxes and we're paying for maintenance of the building," Dennis tells Stossel. "What's your next project in San Francisco?" Stossel asks. "No more projects in San Francisco," Dennis replies. "I'm done. I'll never do another project here." Stossel points out the hypocrisy of the situation: "People in San Francisco often claim to be all about helping the poor. But their policies make life tougher for the poor."

Foreigners, especially China money flooded into the bay. They bid higher and paid in cash to buy not only one house, but DOZENS. Of course with growing number of transactions, realtors and investors were happy while they did not think about what will happen down the road to locals.

It's not a housing shortage. The housing exists but is being priced so high that nobody can afford it!

You pay At least a million dollar for a house and get shootings, burglaries, break ins as complimentary

A lot of these houses are being bought by over seas companies all cash then renting them out. They can buy as many houses as they want no laws have been made to stop them.

life is too short just move away people

As a plumber who makes about 45 an hour and that’s just frickin crazy and I live in New Jersey. It ain’t cheap here at all. But damn y’all are crazy out there.

I cant wait to visit San Jose in June, my husband got a work thing there and I'm tagging along.

That’s why more crime more stress people are stressed out u hardly going to see anyone look at you or say hi there mind is somewhere eles before the tech industry dominated the bay people were happy no crime house and rent was affordable u can even work at Walmart and pay rent

Keep making fun of people who live in Ohio. I got a 2000 square foot house for 220k 😂

We need rent control ASAP these apartment owners are just stacking all of this money while the average person suffers and fight to get something that is a necessity fucking HOUSING!!!!!

Chronic housing shortage Chronic robbery problem Chronic gang problem Chronic homelessness problem Chronic corrupt government problem

Pay that same ammount and live in fear in Oakland.

There are plenty of houses 🏠 and apartments in Sacramento, Roseville, Rocklin, and Lincoln, you can still afford a place here.

All by design. Thank BlackRock, State Street n Vanguard who have 23 TRILLION (yes, higher the the US GDP) dollars combined n are buying houses- w/ $15k $20k even 30 to 50k over asking prices, they're paying cash n no inspection!! My parents AZ home was bought by 'an investment' corp before it even got listed, bc the real estate agents are in on it n get kick backs from them, too.

Don’t come to Idaho. It sucks here!!!

It’s ridiculous how insane rent or buying a house is in the bay working average 110-120hrs every two weeks. If I want to survive it seems like I haVe to live from Tracy on to Merced or los banos.

That's the plan all along. Make California a playground for the super rich, all others keep out

Miss Cali 😢😢

Funny when the minimum wage is just over $16 per hour

What if we think of Bay Area collectively as a major metropolitan area like Tokyo? When we think of Mountain View, we get an image of suburbia and governed like a small town. Just look at the Bart system and compare that with Tokyo metro system. Not saying Bay Area should be a large city but you can’t have quaint suburbia and affordable housing at the same time in $1 trillion economy.

Word has it that housing will take a hit 2024..so this may help people buy their 1st house.

The Bay Area has been stubborn to provide adequate housing for all. If this does not change...you'll only have a few elderly people staying around while everyone else - families, younger single people looking to build up a future, children, etc...leaving.

Anyone hiring for 54/hour in San Jose?

Apple and friends should be responsible for subsidizing our rent. Not the tax payer. But who am I to complain I pay 500 for a 3 bedroom house on an acre in downtown San jose 🤣

Ahhh, the Bay Area, where you can be a Admin at a tech company and make more than a teacher, police officer, nurse, and a physician....

Why are you moving? Because it sucks here!!!! Well played.

It’s actually cheaper to rent there than in Austin. But it’s cheaper to buy a house in Austin vs South Bay

How many homes are vacant and just seen as nothing but investments 🤣🤣🤣

0:52 🤣 facts!

Oh my

You know things "suck" when you have to move to OH.

Dude just build a tiny house in the back of a old pick up. Build it nice with 2x4's. Mini fireplace inside, beautiful.

"The Californian homelessness problem." FTFY

And she thinks it's going to be better in Idaho? LOL........ good luck!!!!

I'm searching for Jeniffer William! She also live on San jose

Most single family homes at san jose are room for rent coz they cant afford the monthly payment by themselves.

not to mention, culture is dying. our way of interacting and exchanging our talents and gifts is weak now. Money isn't real. the sooner people understand this, the sooner we can change.

The housing crisis is chewing on the ankles of middle class and rent is expected to go even higher.

I am close to earning nothing. Actually I earn nothing for many years.

This market is gonna crash i dont even know what to do. Honestly

yea i know this too since yu advertise it since i was 25 im 30 now