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How Off the Charts is Real Estate in San Francisco?

30 Mar

Here is the story of a guy paying $400 a month to live in an 8′ x 3′ box…And you gotta wonder why they have a homeless problem.

San Francisco Newcomer Pays $400 Rent To Live In A Box In Friend’s Apartment

Amid the Bay Area’s red-hot real estate market, a newcomer to San Francisco is living in a small wooden box at his friend’s home.

Illustrator Peter Berkowitz recently moved into the box, which he described as a “pod.” The box is tucked away in a corner of the living room at his friend’s apartment, located a few blocks from the ocean.

On his blog, Berkowitz said the pod is the “coziest bedroom” he has ever had. Along with a bed, the box has a fold down desk, a cushioned backboard and LED lights for reading.

The pod, which measures 8 feet long, 3.5 feet wide and 4 feet tall, cost $1,300 to build.

Berkowitz also has access to the rest of his friend’s apartment.

“I built it largely myself, with the help of some friends who kind of knew what they were doing,” Berkowitz said in an interview on Live 105’s “Kevin Klein Live” Tuesday morning.

Berkowitz said he is paying $400 a month in rent, far lower than the $3,000 average rent for a one-bedroom San Francisco apartment.

“Yes, living in a pod is silly.  But the silliness is endemic to San Francisco’s absurdly high housing prices – the pod is just a solution that works for me,” Berkowitz said on his blog.

High real estate prices and rents have led to some creative ways to lower living costs. Last year, an employee at Google lived rent-free in a truck parked at the company’s headquarters in Mountain View. The employee slept in the truck, while he ate at the company cafeteria and showered at the company gym.

 
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Posted by on March 30, 2016 in American Greed

 

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