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Jesus Malverde

(10,274 posts)
Mon Nov 4, 2013, 11:37 AM Nov 2013

Micro-apartment developments on rise in S.F.

Kayla Smith, 35, has been out of college for years, but she's returned to dorm-style living in an apartment the size of a one-car garage in a brand-new building in San Francisco's Tenderloin.

"It's the price you pay for living in San Francisco," she said. She winnowed her possessions to the bare minimum when she moved into the 279-square-foot space in September, paying $1,850 a month for the convenience of living blocks from work amid the emerging Mid-Market area.

Urban planners and San Francisco leaders say smaller units help tackle the city's housing shortage and rising rental costs.

"We need to think outside the box in providing housing for our population," said San Francisco Supervisor Scott Wiener, who sponsored legislation last year to allow "micro-apartments" of 220 square feet including bathroom, kitchen and closet. The city agreed that 375 micro-units could be built as a test; 120 are now in the pipeline in the Mid-Market area.

Meanwhile, plenty of the new apartment buildings are 400 square feet or less - not technically micro but still pretty darn small. By comparison, most studios have been 500 to 600 square feet.

http://www.sfgate.com/business/article/Micro-apartment-developments-on-rise-in-S-F-4951775.php

14 replies = new reply since forum marked as read
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Micro-apartment developments on rise in S.F. (Original Post) Jesus Malverde Nov 2013 OP
yikes, some one is making a shit load of cash! gopiscrap Nov 2013 #1
In the mean time PasadenaTrudy Nov 2013 #2
In the Sunset area she should be able to find a 600ft apartment for 2000 dollars. Still a lot of lostincalifornia Nov 2013 #3
If I was a banker... lumberjack_jeff Nov 2013 #4
Problem is that the real estate in question would need nearby public transportation geek tragedy Nov 2013 #13
Fools NoOneMan Nov 2013 #5
some like it, not for me. i would hate to live that close together loli phabay Nov 2013 #6
Speak for yourself. arcane1 Nov 2013 #9
And you're not alone. Gormy Cuss Nov 2013 #14
A buddy just bought a studio for half a million smackers Prism Nov 2013 #7
Wow! PasadenaTrudy Nov 2013 #8
Of course, these new buildings have killer amenities so they appeal to people geek tragedy Nov 2013 #10
Wow, they're marketing SROs to yuppies beerandjesus Nov 2013 #11
lol woolldog Nov 2013 #12

PasadenaTrudy

(3,998 posts)
2. In the mean time
Mon Nov 4, 2013, 11:51 AM
Nov 2013

our artist friends and relatives are being evicted due to gentrification. I bet the next time I go up to SF, I won't recognize the place..

lostincalifornia

(3,639 posts)
3. In the Sunset area she should be able to find a 600ft apartment for 2000 dollars. Still a lot of
Mon Nov 4, 2013, 11:54 AM
Nov 2013

money, but twice as much space, easy public transportation, and a fairly good area.

 

lumberjack_jeff

(33,224 posts)
4. If I was a banker...
Mon Nov 4, 2013, 12:03 PM
Nov 2013

... I'd move my operations to the most grossly expensive place I could find. Then I would buy (or lend money on) all the neighboring property and build high density housing. I would slowly move all of my operations to that high rent area and capitalize on the situation which forces my employees to rent living space from me at nearly $7 per square foot per month.

What's the downside? People seem to be exploitation tolerant. They don't demand twice the money to move to a place where it is twice as expensive to live.

 

geek tragedy

(68,868 posts)
13. Problem is that the real estate in question would need nearby public transportation
Mon Nov 4, 2013, 12:42 PM
Nov 2013

to warrant a hefty price tag.

Also, banks don't like to own real estate--they like to lend to people who do. Owning real estate means paying taxes on it.

 

NoOneMan

(4,795 posts)
5. Fools
Mon Nov 4, 2013, 12:05 PM
Nov 2013

People need to stop lying to themselves, pretending they are part of some amazing cosmopolitan experience. You are living like a rat in a cage, slaving for the experience. This isn't what life is supposed to be about.

 

loli phabay

(5,580 posts)
6. some like it, not for me. i would hate to live that close together
Mon Nov 4, 2013, 12:10 PM
Nov 2013

Give me a view and acres of space around me and no trespass signs.

 

arcane1

(38,613 posts)
9. Speak for yourself.
Mon Nov 4, 2013, 12:32 PM
Nov 2013

I like my studio apartment. I certainly have no need for more room, since I don't accumulate pointless crap, and I don't drive. Of course, I'm not paying $1,800 either!

Gormy Cuss

(30,884 posts)
14. And you're not alone.
Mon Nov 4, 2013, 12:46 PM
Nov 2013

Many people are happy with studio apartments. These new micro studios will probably appeal to people who want to live near everything but don't need space for kids, dogs, or entertaining, or who plan to live in them for a couple of years before moving on to larger digs. The city needs more housing stock and lots of it.

 

Prism

(5,815 posts)
7. A buddy just bought a studio for half a million smackers
Mon Nov 4, 2013, 12:15 PM
Nov 2013

It's in the Design District, but honestly, I cannot conceive of such a thing.

I've been helping him install racks and shelves to maximize storage and space, and every five minutes or so, I just look over at him and go, "Really? Half a million? Really?"

SF is nuts.

 

geek tragedy

(68,868 posts)
10. Of course, these new buildings have killer amenities so they appeal to people
Mon Nov 4, 2013, 12:38 PM
Nov 2013

who want that sort of thing and just plan to use their apartment for sleeping and occasionally eating. Kind of like a full year pied a terre.

Here are a couple of photos from the common areas of the building discussed in the article:





There are more affordable options available. This is a lifestyle building.

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