Living In A $3,850/Month Apartment In San Francisco | Unlocked

Rachel Kam, 28, lives with her husband David in a one-bedroom apartment in San Francisco, CA. Together they pay $3,850 a month in rent. Rachel works as a project manager at a tech company and David is a scientist at a biotech company.
Unlocked is a new home tour series focused on how much people across the U.S. spend on their housing, what they get for the money and what they had to sacrifice to make it happen.
Check out Rachel and David’s KZbin channel here:
/ @therndcouple
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Living In A $3,850/Month Apartment In San Francisco | Unlocked

[@lstarkiller1]

$4000 for a 700 sq ft apartment. What a time to be alive.

[@waderademacher475]

4600 all in. Wild

[@safol123]

lol

[@avril14thlove]

@@universalsorrow 3M is pretty steep, even for that building. I live in the same neighborhood and I'd say it probably would sell for closer to 1.5MM

[@joyaustin6581]

Would you be interested in starting a small business renting tents and vans?

[@KrishnaKrishna-ht6fd]

​@@universalsorrow They could own a home, by paying that much amount toward mortgage, living in east bay utilizing bart(for commuting to SF)

[@StreetsAhead120]

The price for that small of an apartment is absolutely obscene

[@deflexion3677]

But some of us are forced to cause of our job headquarters

[@keithwisdom1663]

@@deflexion3677 if the company doesn't compensation enough for the high cost of living it's not worth it. unless you are already a highly paid professional.

[@free22]

@Airbus A350 The husband doesn’t have the type of job you can do remotely. Also, why Texas specifically? That’s so random. It’s not exactly a biotech hub.

[@MrZgui415]

before year 2000 houses in San Francisco was 200-250K .. . it was the rise of BIG tech that gave way to much higher prices cuz they can [ay their employees more due to zero over head...

[@themightyflog]

Quite a disgusting price.

[@j4k3br4k3]

Pays $4k a month for 700 sq ft "I really love my window"

[@InstantlyGlam4BreonnaTaylor]

☠️☠️☠️

[@lppoqql]

LOL so fuken sad....

[@bobofthestorm]

Every time I see someone showing off their "sustainable" container homes, I'm like : "You do realize you're excessively proud of being so priced out of the market to only afford a recycled steel box right?"

[@global_east]

Lol

[@Vet0714]

🤣😂🤣

[@long_fellow]

To be fair, she is living in one of the most expensive neighborhood (near Financial District) in the most expensive city. It probably would take them less than 5 minutes to get to work, door-to-door.

[@stuffykong]

If he's a scientist at a biotech company, it's unlikely his job would have been in SF proper. Most of those firms tend to be in South SF or the peninsula.

[@long_fellow]

@@stuffykong there are plenty of biotech and healthcare companies in FiDi and SOMA as well as Mission Bay near UCSF. (Lot of these HC/Biotech firms have been filling up vacant spaces in central SF that other tech firms have moved out from last year because unlike regular tech or professional firms, these firms require lab space and WFH was not an option for them) In any case, commute won't take more than 15 mins.

[@stuffykong]

@@long_fellow Well then they should have lived in Mission Bay which is super pleasant and has lots of things nearby, including Spark Social. Rincon is *not* a nice area at all.

[@mryes8184]

And that is how u become obese

[@benicia21]

I thought she says she works from home, so it takes her like 30 seconds to get to work. :-D either way, coming from China the chance to get a view of blue skies is probably worth the price.

[@EwYoureCringe]

People in low cost of living areas call SF people dumb for spending so much on rent and will say “why don’t they just come here where I pay $500” and then turn around and complain when tech workers actually do that and their cost of living goes up 😂😂😂😂

[@euenfheiejrj]

Lol exactly!

[@haute03]

Agreed. I would much rather they stay right where they are tbh. I enjoy my much more affordable city lol.

[@euenfheiejrj]

@@haute03 but people came to California years ago and made it unaffordable for the current residents as well. San Fran wasn’t always this expensive but big tech companies came in with high paying jobs and people moved in from other states and increased the cost of living...

[@chatgptchess]

This comment is SO STUPID. Are you really saying that people who CANT afford to pay higher rents are BEGGING people that can, to come live near them??? BAHAHAHAHAHAHA. No one wants you ANYWHERE in the Bay Area, like, go back home. PLEASE lol. Seriously, do you really think people paying $500 dollars a month for rent WANT to be around SF Techies and are saying, “why don’t they just come here?" You're so out of touch.

[@TheHelghastkilla]

@@chatgptchess They aren't begging them you moron, they're making fun of them.

[@TomNook.]

You know you've made it when you have a standing desk

[@TheWrapUpNYC]

FACTS! lol.. I'm like ohhh she fancy!

[@JC-fd8ho]

what does has to do ?

[@weareorigin]

It's $250 on Amazon, for no-electric motor desk. but i understand your joke.

[@jennifercastiglioni2123]

She wasnt showing off. She was showing her life.

[@takethedamnphoto]

hahahaha

[@jayceecruz2605]

People who are not from California, “😬😳.” People from LA or SF - “oh yeah, the norm.”

[@medioreblatherskite]

I'm from Hawaii and this is pretty normal here too lol

[@elim2826]

Yea normal , not to be able to afford such a thing lol

[@myrandomchannel7305]

@@medioreblatherskite yeah if you’re renting a house

[@medioreblatherskite]

@@elim2826 Exactly hahaha.

[@medioreblatherskite]

@@myrandomchannel7305 In a good neighborhood need town for sure

[@anman1575]

Paying $3,850 a month in rent for 1 bed : "Kitchen was not made for cooking"

[@12245Fred]

@notyo mamasjects so then why don’t they buy a house

[@182atenasb]

@@12245Fred I don’t think buying a house in that area is something everyone can afford , even with the six figure salary.it’s cheaper to rent.

[@pringlized]

She killed me with the "not made for cooking" comment. My kitchen was smaller and no dish washer other than my wife and I. We cooked almost every meal never had an issue. First world problems for her.

[@chltmdwp]

@cnbc make it. Stfu

[@Vet0714]

Her idea of cooking is ordering from grub hub.

[@pkal244]

Comments incoming: "But you can get a mansion in the middle of the desert for $3850/mo!!!"

[@paulma222]

😂😂😂😂

[@user-td7xf3gz4l]

Wifi...

[@nonequivalence1864]

Well, it's true. Why would anyone in their right mind pay $3,850 for a shoe box that looks like that? That landlord's cashing in HEAVY but it's understandable because most Americans have 0 financial education so they'd happily get ripped off. I can't wait to be a landlord for the first time this year and collect rent.

[@pkal244]

@@nonequivalence1864 because you can walk to your high paid job, don't have kids, don't need to buy a car, you live in a culture rich & vibrant city, and it's under 1/4 of their take home pay. I don't live there but those are reasons why people live in a city.

[@logicandwisdom]

I actually live in the desert where we were able to buy our house cash. I work from home, have acres of space, enough room for multiple projects and I have attended more events, concerts etc since moving here. Also no homeless issues, very little crime and a community that was welcoming. Dont knock it until you try it. I also have a million dollar view from every room in my house. It's not for everyone but when people dis the rural/desert life, they often dont know what they are talking about.

[@miacolvin]

I wince at the $450 parking fee, just obscene!

[@joyaustin6581]

I’d have to get a bicycle

[@youngaries8]

Seriously, that's the part that got me. That's $5,400 per year! More than my first car. Just Uber or use Zipcar at that point.

[@ShannOliver]

As an SF resident, I'm actually surprised it wasn't more.

[@sachings6356]

I’ll start using Uber. $450 for parking on top of monthly car payment and insurance. Not for me.

[@MrTmenzo]

Buy some heelys

[@vaun4135]

To qualify for an apartment that cost $3,850 (typically) you have to earn a combined yearly gross income of 40x the monthly rent $3,850 x 40 = $154,000 $154,000/2 = $77,000 per person Not unreasonable at all for most people working in SF/NY tech Granted you can find something in SF for cheaper with less amenities. Some prioritize saving for the future, some prioritize living in a nice building while working, both ok.

[@LK_EBM]

With making $154k/yr, rent would be 30% of gross income, which is reasonable, especially in a HCOL area like SF

[@avid580]

When the six-figure jobs are in one place, everyone will fight to live closest to the office. That's supply & demand. Other regions in the country might have bigger properties for less. But it will be hard finding two six-figure jobs for a couple.

[@lichi1244eva]

I agree. They want to live in SF, that comes at a price, which suits THEM just fine, so🤷‍♀️

[@pringlized]

Totally agree

[@grmancool]

* looks confused in WFH *

[@harpy5197]

Not true, if you look in the job market at NEW 6 figure jobs, they always appear at rubbish tech companies that always fail in a few years. You just have to work hard in a company in other states to get promoted to a six figure job, hence why they don't advertise in these other states, cause they recruit internally.

[@Snsnsnxbn]

@@harpy5197 its absolutely true. I live & work in the area. Not only is the base salary 6figs, they get a generous compensation package that includes company RSUs/stocks, so you can imagine how well FANG does. Dual incomes here in tech always go well above $300k

[@joestarr11]

I got a 2 br 2 bath in SF + yard in a great neighborhood for 2400 during the pandemic. This couple is burning money at this point.

[@joannabusinessaccount7293]

Some people want yard, some don’t. You have a yard but they have an Equinox fitted gym, 24-hour concierge to accept packages, a roof top deck, a common WiFi equipped room - it’s about what works or not. I wouldn’t say they are wasting or burning their money - the convenience might let them sleep more, eat better, work out more frequently - which goes toward a better health, or free up extra time so they are working on side jobs, self dev, or investing.

[@choosey87]

Burning money is an understatement 🤣🤣🤣

[@getupandtravel]

And that great neighborhood is where I wonder?

[@1314maxmenzel]

I don’t understand why people want to live in downtown SF. Literally nothing there except office buildings and it’s the most expensive part of the city. Other neighborhoods in SF have so many more amenities to offer (parks, beaches, more dining options) and it costs way less to live there.

[@ShannOliver]

Totally. As long as you live near the Muni line, why tf would you want to live in FiDi? It's like, the least interesting neighborhood.

[@marzipan2555]

It's probably for the short commute. I hear traffic is brutal in the bay area, so I would def pay a premium to avoid it imo

[@ShannOliver]

Totally. That's what I do - I live near a West Portal right next to the Muni line. Instant downtown access (AND I get to have a backyard)

[@jay-t1030]

The cost of living in some cities in America is crazy🤨

[@tracy_cakkes]

Yeah and kind of unfair Only those who make top tier pay can live in these areas

[@nickwright6759]

@notyo mamasjects combined? or each? also, how do you know?

[@MyBloomingLife]

@@nickwright6759 he doesn’t know, just making up stuff 😂

[@TheBlackDorothyZbornak]

I think they couldve gotten a better deal during covid and get an extra bedroom or at least den for right around the same price

[@mpgleisten3]

She lives with a few min walk of her office though. Doesn't really require a separate office as her husband's job will require him to be in his office

[@hubertcumberdale2651]

It astounds me how so many people earning 6 figures lack so much common sense

[@mpgleisten3]

@@hubertcumberdale2651 personal finance isn't common sense. That's why

[@hubertcumberdale2651]

@@mpgleisten3 Mike, my point is you obviously have to have a fairly high IQ to have the intelligence and abilities to land a 6 figure job. It's astounding how that intelligence doesn't carry over to basic street smarts like apartment haggling

[@mpgleisten3]

@@hubertcumberdale2651 how low do you think that neighborhood would go? Demand is HIGH and her company likely has a Sept return date for back to the office.

[@dorothya.9415]

The rent seems a lot but they both work in the tech industry so this might be very affordable for them.

[@vecter]

They bring in $300-500k each so their annual net income is $800k-$1M. They can definitely afford this.

[@chlero_eyes]

Well that sucks they didn't get a stimulus check

[@shakespear7675]

@@vecter this makes no sense. Income and net income should not be anywhere near each other after taxes and expanses

[@vecter]

@@shakespear7675 my bad, meant total income

[@AlexSchwartzATV]

@@chlero_eyes so sad. that's probably why they didnt buy a house first. had to save up bc they didnt get the stimmy :(

[@anndo8416]

When people ask me why I hate living in the Bay Area, I show this video to them.

[@SirD1]

Lies! This video just came out.

[@TomNook.]

How many people have asked you in the few hours since this has come out?

[@HoneyButterBiscuits]

😆

[@blackchewy8435]

I hear you……

[@therndcouple]

Thank you for featuring us!! We’re ready for the comments! Fire away👇🏼

[@missflorencek8569]

Well done to you two. Hope you are enjoying the building looks beautiful. Life is short. Enjoy yourselves.

[@rainisfree]

everyone is wondering - how much is your total income?

[@LRB9498]

Your puppy is adorable! Given how expensive San Francisco is, what is your budget for a home?

[@PublixCarrotCake]

Much love, but you're brainwashed. Been there, done that, over it ❤️

[@duane_313]

Y'all really paying this?!?😬💰 Crazy

[@emersonhoffmann2165]

*Do not just sit and do nothing when an investment opportunity comes. Most millionaire investors you see and admire today, didn’t make it by wasting time or waiting on others before investing*

[@friedrichalice2530]

Rodney Hamilton Steve again!!! This guy is just too good. His name is around the globe , I live in France 🇫🇷 , I got connected with Rodney Hamilton Steve through a KZbin commentary. It’s been just six months with him and I’ve made *$200k* already working with him. I would add that , the experience with him so far has been the best and I’m looking forward to many more years with him.

[@vietnamiscool2669]

You are right they where born rich

[@nomafmaroga6827]

Can they bring this couple to millenial money so that we can know how much they make and spend their money.

[@nvasudeva]

Yep, perfect.

[@kingkang6877]

Considering they're dual-income high earners, that rent is actually very "affordable"

[@552mustang]

Which is exactly why they need to tax people like these 2 at 90% or higher. All they do is drive up everything.

[@kingkang6877]

@@552mustang Don't worry mate. Cali does a good job of taking taxes from high income people in the state already =)

[@anran717]

I feel happy for her! Throughout the video, she gave me the vibe that she is happy she made it and she is grateful about it. The rent is insane but life isn't all about saving. Enjoy the life with discipline.

[@Jagem_Kang]

Heck no, this is decadence! i'm happy she made it but this is just decadence at play.

[@michellebrumwell]

Agreed! Love your comment

[@pikakac2441]

Exactly.! Between her and her husband they probably make $500k a year. It’s not that crazy to spend $4000 for rent.

[@MO-cu8yl]

Who told you they are mot saving? You don’t even know how much they make. Lol

[@EsaMononen]

Happy for paying outrageous rents? wtf

[@suniloneal34]

i rarely comment but feel like all comments here lack a lot of perspective. This is living well within your budget for two people working in tech and saving for their future and retirement. They probably make 300k+ combined so paying about 60k with utilities all in for their housing makes sense. The only alternative here is if they moved in with another two couples into a house and brought that down to $3k ($36k yearly) or if they have family they can live with for free. The price of rent is relative to the jobs and income they can earn. It’s the best spot to be in for their careers and their earnings will far outpace their housing rental cost. The real test for them will be not to lifestyle creep in other areas and whether they are able to consistently save save save for a few years. Likely they’ll have $500k+ saved in 3 to 4 years and they can reconsider their life choices and have plenty of options for other locations or jobs then.

[@markeasley6149]

If their end goal is to be home owners and stay in SF long term, they are being irresponsible to get this style of apartment. Yes they can likely afford it but their ability to save either for house, family expenses, or retirement is severely impacted. Also since they are both successful it is safe to assume they came from middle to high class families who may be helping them out. Not to be negative, but it is nice to be rich kids is it not? At the end of the day they get to stay in an ivory tower for a little bit and enjoy their rooftop takeout.

[@gidd]

@@markeasley6149 You're assuming alot You have no idea what thier backgrounds were Also you have no idea how much their making. She has a senior job in tech in SF , possibly bringing in 350k+ 33k in rent and utilities is 10% of her income

[@phenixsful]

@@markeasley6149 I understand what you mean but you make a lot of assumptions here. I also work in tech and have gone thru a very similar path and did not have all those things you listed. You can live maybe a little cheaper than this but you must give up a lot, and it is true that dual income with no kids with tech jobs this is not that bad. Considering you just work at home and want to live in a safe neighborhood/place in SF. Judging is easy but when you are in that spot you do see things a little different. So I totally respect them.

[@markeasley6149]

I said they are successful people. Most successful people don't come from nothing. Great schools, good training to get to where they are. You don't have to be a genius to realize that comes from a place of fiscal comfort they likely had most of their lives and why they want to jump to a higher level of lifestyle upgrade.

[@gidd]

@@markeasley6149 Yet again making assumptions on lives of people you don't know. They might have been born into wealth ,they might also have come from lower income immigrant families. Point being it's stupid trying to analyze someone's life story from an 8 minute video on the internet Also your point on most successful people not coming from anything is just false and bitter sounding

[@Zoroeyepatch]

I don't know who, but someone actually needs to hear this, you've got to stop saving all your money. Venture into investing some, if you really want financial stability

[@juliermelier6330]

Invest globally in bitcoin, gold, silver, forex market, commodities. Just don't be left out and save yourself

[@froddgraham7545]

Beautifully said, I tell my folks these words everyday. It's good to save money but most people don't understand the market moves and tend to be misled in facts like this and always depend on money in the bank.

[@lawrencelopez52]

Pure wise comment.

[@brianhamm2733]

I understand the fact tomorrow isn't promised to anyone, but investing today is a hard thing to do because i have no idea of how andthat where to invest in these?

[@froddgraham7545]

@@brianhamm2733 Hey, this is a computer age. Peeps who aren't even traders make money from the crypto anjd forex markets ,how many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.

[@Ohh4udumn]

I interviewed for a job that was offering $60k/year for this area. Most of my monthly income would go to housing 😭

[@kunalmishra9463]

I’ve roughly estimated it’s possible to live IN SF for $60k (you won’t be saving any money though). But its always possible to find housing that is far more reasonable (1-2k/month) if you’re willing to lengthen your commute to 30 minutes (East Bay, Sunset, etc.) and have roommates!

[@Naturefan354]

OMG your cat and my cat could be twins! 🐈

[@Ohh4udumn]

@@Naturefan354 Is yours food crazy and chunky as well?

[@Naturefan354]

@@Ohh4udumn OMG... Yes!! He loves eating and goes crazy when I open a can of tuna and everyone calls him chunky. That is so crazy how you know him to a T! Is your cat a male as well?

[@Ohh4udumn]

@@Naturefan354 yes his name is Bandit, I got him from a friend when he was about 4 years old and he’s 15lbs! He prefers chicken legs from the garbage. It seems like cats with similar appearances have similar behaviors.

[@murderbymodem]

$600/month extra just for a higher floor with a view? No thanks. I'll use that money to max out my Roth IRA. I can change my desktop wallpaper if I want a nice view.

[@linahatieno3386]

heheheheheheheheheheheh

[@timjenkins8538]

Under-rated comment 😂

[@AlexSchwartzATV]

i dont think theyre worried about maxing out their roth ira.

[@aznpryde111]

LMAO you think someone who lives in SF even qualifies for ROTH ira? your funny

[@tarzan12345]

@@aznpryde111 agreed that this couple no way qualify for Roth IRA. Their incomes are too high. They can still do backdoor though.

[@ThePeacefulbutterfly]

If the up front costs was a burden, they don't earn as much as we might assume. Rent is ridiculously high for a small apt

[@MaSa-bp5qe]

Most areas need 40x the rent to accept you.

[@colorfulcodes]

They probably do. Most big tech people have their income in longterm investments. The building won't accept someone with low income as they ask for paystubs.

[@Mr0erick0]

$4k for that apartment? Your kidding me. None of those “extras” she mentioned make it worth it.

[@thomasgricezodiac]

Spoken as someone who doesn't know the SF real estate market. If a building of people are paying for it, it's probably worth it (to a building worth of people).

[@Mr0erick0]

@@thomasgricezodiac I see a building full of tenants throwing money away.

[@consumer338]

Just admit that you can’t afford to live in SF lmao it’s definitely not for everyone

[@Mr0erick0]

@@consumer338 Even with 5 digits per month. I wouldn’t throw money down the drain. So no.

[@RouRoro]

Her 4k is like your $400 cause their income is probably 10x more than ours

[@brittanywalker8951]

Their rent is literally my monthly paycheck.

[@kierkier2368]

I am happy for the owner of that apartment. Must be great having people willing to rent at that price.

[@free22]

That’s funny. I met some people who inherited property in SF their parents bought for a lot less back in the day. They were so set they worked for fun.

[@joyaustin6581]

Probably taxes and maintenance costs are probably outrageous

[@michellebrumwell]

Well the condo would like cost around $1.3MM+ before taxes, fees, and HOA. So they might be at a net loss per month.

[@chatgptchess]

OWNERS. Likely multiple property investors.

[@ShannOliver]

Nah. Knowing MY SF property taxes, they're just as likely to be at a loss.

[@owenbeharry8478]

I went to college in sf and in almost a decade it’s crazy how much the price of housing has risen.

[@SamEmara]

Whoa - lived in SF 4 years ago and paid less for a much bigger apartment in the Marina. Crazy to see how much prices have gone up since then! 🤯

[@frf1670]

It hasn’t gone up. 2015 was the absolute max for rent. With covid it’s definitely gone down a whole lot. We are paying a little more than half of what they are paying for a similarly equipped apartment in South Bay with 2 months free. They got ripped off lol

[@free22]

@@frf1670 South Bay? Or central San Francisco like them? That’s comparing apples and oranges.

[@frf1670]

@@free22 rent in the city has gone down a whole lot also. I went to see a lot of apartments in SOMA and financial district they were no where near that price with similar amenities and size. Also South Bay near Google and Facebook are crazy expensive before covid too, not just SF.

[@tracy_cakkes]

Way too expensive 🥴

[@free22]

@@frf1670 It probably comes down to when you were looking for apartments. It sounds like they may have locked down their lease before prices came down further.

[@PaulHo]

Good for her, good for them. What I'm getting from this is that location aside, it is SO hard to be single. A successful couple of young professionals in a 1 bedroom. A single, non-tech worker has no chance.

[@TheBohodiva]

This!! Because they obviously have good jobs and can afford it. But as a single person? Makes me think of how it’s very common to move in with sig other after just one year in NYC. I wonder if this is the practice in the Bay.

[@PaulHo]

@@TheBohodiva I'm convinced there is no distinction between dating and roommate hunting. You see "couples" move in like within a month all the time.

[@michellebrumwell]

So you find roommates.

[@PaulHo]

@@michellebrumwell ah, the dream.

[@sarmeetsingh4650]

join the gang man. noone is keeping you from joining tech :). We really really need more people

[@samlee6152]

The rent is not what surprises me. Luxury building, downtown SF, etc etc. What absolutely floored me was $450/month for parking. Max I ever paid per car, even in a big city, was $100!

[@luker7875]

She's a program manager who makes six figures and he is a director/scientist who also makes six figures. Spending nearly 4k a month on rent with their combined incomes is very reasonable. We're talking about the BAY AREA not some city in the midwest or rural Arkansas.

[@taoist32]

If they were smart, they could buy a nice cheap house right outside the city and still enjoy everything that is SF. Daly City has huge houses they could easily afford without having a huge commute. In fact, it would be the smart thing to do to build up equity, increase their investments and retirement accounts substantially, and even retire in just a few years. But, they have been brainwashed to work for a living and are young. I was just as stupid when I was their age. I’m halfway to being a millionaire because I decided that my future was not going to be living an apartment the rest of my life. Making huge amounts of money is only the first step in their happiness.

[@Mcha957]

This. Why don’t people understand that they are probably well within their means? Just let them do their thing

[@luker7875]

@@taoist32 Maybe they weren't ready to buy. Renting offers flexibility in case they realize they didn't want to stay in the bay area. If you watched until the end, they do mention they are saving up for a mortgage so they are looking to buy because NOW they're ready.

[@sweetstorm7652]

@@taoist32 they are obviously smart but they chose to spend their money however they wish. Daly City is boring.

[@jjencakes]

@@taoist32 mom? is that you? ♥

[@empirestate8791]

I pay one-third of that amount for a similarly-sized two-bedroom apartment. SF prices are absolutely insane. And I assume parking is at least a few hundred dollars more per month, assuming it's even available.

[@andrewpagan]

Jesus christ. I live in the Easy Bay and my mortgage isn't even this high.

[@user-td7xf3gz4l]

How about property taxes included

[@andrewpagan]

@@user-td7xf3gz4l Yes even with property taxes it's lower. Total with HOA I'm paying around $2300 for 600 sq ft in East Bay / Newark area. Definitely not "cheap" compared to the rest of the world, but for Bay Area that's not bad.

[@tmatthews0007]

Mortgages are usually less than rent

[@Starrynova]

Mortgage and property tax = tax deductible, rent = pure after tax income expense

[@aznpryde111]

keyword, EAST bay

[@ndem658]

she does live in one of the most expensive areas in san Francisco but still for a one-bedroom that's outrageous!

[@moneyrules3241]

+=1 =5 =7= 0= 2=0= 9 =5 =5= 3= 3=

[@FinancialShinanigan]

People outside San Francisco: What a ripoff! People inside San Francisco: What a bargain!

[@stuffykong]

I live in SF. I think this is a rip-off.

[@avril14thlove]

I live in the same neighborhood and they're definitely not getting a great price.

[@madinahmubarak4101]

I live in Bay Area and was apartment hunting during COVID this is a huge rip off . Definitely could have gotten a lot better for the price

[@avatartrading]

@@stuffykong the same apartment is now $4850 so yes it’s a good deal

[@stuffykong]

@@avatartrading Lol, neither of them is a deal! That's a mortgage even in the Bay Area

[@sileenastevens8759]

I’ve never understood wanting a higher view; especially for an extra $600 a month. I’d rather be closer to the ground level in the event I forget something in my apartment 😂 this was fascinating! Thanks for sharing!

[@jeremytheoneofdestiny8691]

Or if the power went out and the elevator is inaccessible!

[@lvega5606]

There are benefits to being lower but overall, I think a higher floor with a view is worth it. I was on the 48th floor of my NYC building and had a view of half of Manhattan and the Hudson. The 6 elevators were always in service, and I don't remember ever forgetting anything in my apartment and having to go back up. But the high-speed elevator would take not much time at all to get up there.

[@jjencakes]

I lived in a building where the d*** billboards blocked a good chunk of the view from the 13th floor, but luckily a unit was available on a higher floor.

[@mucusofwanderhome6945]

That’s crazy , just sayn. Regardless of how much $ people earn.

[@manny3918]

Can we just appreciate the fact that she has a Ps5?

[@rush1209]

I live in SF and people outside don't know that $3850 a month for a place like theirs is actually lower than expected. You can get a one-bedroom for 3850 a month in SF, but it's not going to be a high-rise in middle of the downtown area.

[@moneyrules3241]

+=1 =5 =7= 0= 2=0= 9 =5 =5= 3= 3=

[@weeyakkawonga6243]

The Price for the Rent is *Wickedly* Astronomical...

[@hubertcumberdale2651]

Adequate Smartphone (the pinnacle of 21st century tech): Two days pay at minimum wage Housing (affordable to even the poor of antiquity): Unaffordable in the 21st century

[@kennethli8]

The location of the building is 488 Folsom Street, San Francisco, CA. Monthly HOA fee for one-bedroom condo costs $1,625 per month. The property is right next to the exit ramp of the freeway.

[@michaelporter4497]

I'm a San Francisco native. The 'East Cut' neighborhood is not one I'd live in. That neighborhood is full of office buildings and no real great food options besides places that cater to office workers, i.e. coffee shops, quick lunch places etc. Also, I own a house in San Francisco and my mortgage is below what they pay a month.

[@WilliamSmith-gm2wk]

I PRAY THAT WHO READ THIS AND INVEST WILL BE SUCCESSFUL, IF YOU WANT TO BE SUCCESSFUL HAVE THE MINDSET OF THE RICH, SPEND LESS AND INVEST MORE. DON'T GIVE UP YOUR DREAMS.

[@marymorn1367]

That's very correct.

[@marymorn1367]

Don't be in a haste to invest. Know what and who you are investing to and be sure that the person will deliver before investing.

[@marymorn1367]

Learn and get the knowledge first before investing..

[@rechealbrown8417]

People wants to do what the 99% does but wants to get results that are fit for the 1%, but it doesn't work that way

[@rechealchrist6936]

But where are the more credible source to learn about forex trading?

[@chickenugget69]

So many haters in the comments. If they worked for it and are happy just be happy for them and aspire to do the same

[@moldyrefrigerator]

Hating on what? That I have two more bedrooms and way more space than them? Or that they live in San Francisco, I’ve been there plenty of times, it’s not that amazing. Spending $4k on month on a 1BD, 1Bath apartment is indeed stupid by common sense standards, and we DO NOT need to aspire to be anything like this unless your life revolves around Instagram likes.

@King Game why so critical of other people's lifestyle. They most likely make more money than you.

[@tomqi90]

@King Game From her hat it looks like she works in Tesla, and if she been there since late 2019 and based on her age 28, she would probably be a senior PM, she would probably make 500 to 1 million a year, when you have this much money 4000 is nothing to you

[@hubertcumberdale2651]

Landlord: Cheats Tenants Blind Also Landlord: "As long as you are happy!" Dear Ayam ....... SHUT UP.

[@haute03]

I'm actually enjoying reading the comments from other folks living in SF who are comparing rent rates. I haven't seen any "haters"?

[@CaraMarie13]

Not built for cooking???? Girl, as a new Yorker am offended by your lack of vision. That's a ridiculous amount of space for cooking. I would say practice the art of rotation but you don't even need to that because of all the counter space.

[@samushunter0048]

When she explained what they both do for a living then it made sense for them to be able to afford this apartment.

[@dp562]

This is even crazier when you think this is the price after the pandemic when rent around the Bay Area significantly went down. Thank you for the video though.

[@marcos223ful]

Very true, I moved in RIGHT before covid restrictions here in soflo got lifted. I only been here 5 months and they raised the rent $300 extra.

[@InsideCorporatePlaybook]

My landlord (management company) increased the rent during pandemic. When we wanted to change our apartment with a slight improvement, seeing that the building is half empty, the stupid administrator said they gonna charge me 350$ for arranging paperwork to flip apartments and increase my rent for 500$ as a regular price. Looking 4ward to leaving them next year for a suburbian townhouse for a cheaper price.

[@capturethemoment03]

This is expensive for a 1 BR but she did say they see it as their last rental spot to splurge on so let them! I will stick on the east coast tho lol

[@foggycraw6758]

Why everyone knocking the rent? If they wanted to pay $600 a month to live in the middle of nowhere they would. You have to remember location is included in the rent. Where else are they going to bring in that high income? They work in tech so silicon valley is THE place to be.

[@moldyrefrigerator]

More like 20 years ago it was. High paying tech jobs are everywhere dude. About half the people I know with high paying tech jobs are literally just working from home anyway, making their physical location borderline irrelevant.

[@markeasley6149]

She works from home.......

[@foggycraw6758]

@@markeasley6149 Managers need to be reachable. you dont actually expect her company to allow her to manage a whole team from a different timezone!?

[@EwYoureCringe]

@@markeasley6149 how does her scientist partner work from home lol

[@themightyflog]

Also Texas has its own silicon valley and all those Cali jobs are going to Dallas, Austin and Houston. Plus any job in tech worth having can do remote quite easy. I'm sure living in SF is nice but folks are encouraging high cost of living and homelessness.

[@giselleperez5308]

“Because of how clean this apartment is I actually have taken baths here” LOL WELL ITS YOUR APARTMENT I HOPE YOU CLEAN IT

[@memoirmystery]

You know you’ve made it when you have a kitchen that’s not made for cooking

[@selfademus]

if that's supposed to make sense... it doesn't and if it's supposed to be funny... it isn't.

[@memoirmystery]

@@selfademus She said it in the video, and it’s supposed to be funny, cause it doesn’t make sense

[@selfademus]

yannickmoon. yea, i don't think it's funny... like picking a non sequitur out of a hat, but i get it... the comedy comes from it being a comment more to the comments as opposed to the video itself. word.

[@memoirmystery]

@@selfademus 😂

[@selfademus]

yannickmoon. lawl

[@aguafria9565]

3850 for 1 bedroom LOL.

[@user-td7xf3gz4l]

Geez

[@opescorin]

Probably not much based on their combined income. San Francisco pay rate is good. Most likely they will buy a 2m house easily.

[@sunnypandey1777]

DID SHE SAY .. BECAUSE HOW CLEAN THE APPARTMENT IS SHE HAS ACTUALLY TAKEN BATH IN HER OWN APPARTMENT ..

[@extrasmalldoll654]

Our mortgage is 2600 and our house is 5 bed/4 bath and 4200 square feet in the Seattle area... I can't imagine spending that for her tiny space.

[@anonymous3727]

@ at least they own a home and are building equity - not overpaying for a shoebox with homeless outside and stuffing the coffers of some billionaire landlord

@@anonymous3727 do you know them personally? keep your biases to yourself. Your jealousy is showing.

[@florencewadley]

Ok so I live in sf and that area is not all that lmao, not for that price hunnay. There are other areas or bldgs where they couldve gotten 2 bedrooms for that price.

[@moneyrules3241]

+=1 =5 =7= 0= 2=0= 9 =5 =5= 3= 3=

[@florencewadley]

@@moneyrules3241 huuuh

[@Urmagesty]

this video should be titled : 'how to overpay for an apartment.' At $3850/mo, it's cheaper to stay in a hotel at $120/night.

[@jennybanana2296]

The view is amazing! I am not knowledgeable in the real estate market in SF, but I assume they have the income to afford such a rental. Besides, they seem very happy with their choice and that's the most important thing, isn't it?

[@taoist32]

Sure, and it’s because they are young. No real long term planning for their future. With their income they could easily afford a cheaper house right outside of the city. They would not have all the amenities to enjoy, but they could easily pay off a house in a few years, build equity in it, increase their investments and retirement accounts substantially, and still enjoy the city’s views, entertainment, and food. In fact, they could retire in a few years if they did this. And that’s the point of working and investing. Retire at a young age and enjoy the rest of your life without having to put in 40 plus hours of work for 40 years.

[@free22]

@@taoist32 No real long term planning? They said this was their last apartment before buying next year. They probably earn over 500k combined. I think they’ll be fine.

[@banshee1133]

They couldve cut down the 600 rent and live on a lower floor if they wanted to save for buying a house.

[@CDai-rw7sm]

600/month doesn’t help at all against SF down payments. 10% of 2M is 200k and you need to save 333month (27yr) with 600/mon

[@mmidou2093]

I mean if they can afford it why not?

[@missflorencek8569]

Exactly.

[@natet53]

8700 upfront deposit was a burden. Can they really afford? Living paycheck to paycheck maybe.

[@552mustang]

Your right, its not her fault. It is the governments fault for not taxing these 2 at 90% so that they cant do stupid like drive up rents. People like this are bad for society.

[@Danielle_1234]

It's not a good idea even if you can afford it because it drives up rent prices for everyone else.

[@saraceno1979]

Our mortgage is 3100 for a 2000 sqft new house with a yard. These are just newcomers techie people who support the system of greedy landlords and developers. No 700 sq ft apartment should cost that much in an apartment building. That’s all.

[@aarong3000]

Paying that much rent to live in an apartment is CRAZY. I guess this doesn’t happen only in New York! 😱😱😱😱😱

[@tracy_cakkes]

San Francisco and NY are the most expensive in the country

[@euenfheiejrj]

San Fran is way more expensive than NYC and you need a car in California.

[@aarong3000]

@@euenfheiejrj Yep, paying all that rent plus you have to pay for parking, gas, utilities and food. I guess they can afford it!

[@kevinb8881]

@@tracy_cakkes Can't forget Boston and Chicago, there getting up in prices, too!!

[@joshuanunoo5866]

Nobody in their right mind is paying this much in New York😂😂

[@bigpoppa4094]

I live in SF and my electric bill is $20 or less a month. I have a gas stove I use everyday. Are they leaving the lights and heat on all day even when they are not even home to be paying $150?

[@kevinb8881]

That's probably the case!!!

[@marzipan2555]

They work from home, so they probably use more utilities

[@susieblanco2722]

Mathematically her rent is 1k less with 3 months free

[@phucle2076]

Okay some comments here annoyed me because people are claiming that the couple makes around $500k to $1 mil a year. My research suggests that likely is not the case. Rachel works at Square, where average salary is 122k. Husband likely makes in the same ballpark. So the couple likely makes around $250k, after taxes that will be around 15k take home (California, don't ask). So yes it's doable. But that does not leave a lot of room for saving up for down payment for a house in SF. Do not assume everyone is a senior top engineer at FAANG.

[@TheBlackDorothyZbornak]

Based on their salaries--this is nothing. Calm down, not everyone wants a big house in the south with dismal salaries and even more depressing scenery

[@TechVHD]

She said she’s a program manager but the captioning in video says project manager, so what is it? I know some companies the naming differs or is the same

[@Tanman902000]

Must be for Tesla since she was wearing a Tesla hat

[@12245Fred]

she’s program manager for Square

[@FA-pk5wx]

I could never pay that much for that little =/

[@nvasudeva]

@📌Pinned by CNBC Make It That's a fake handle.

[@ometofu]

U would not making 300k a year

[@LouisPorterJr]

$5 per square foot PER MONTH while in South Florida a condo near the beach, as in across the street from it is $3 to $4 per square feet. San Francisco is CRAZY!!!!!!

[@dbowe4415]

This is the expected price for the area, especially considering the view and amenities. They clearly can afford this apartment, as when I heard their jobs at the beginning I immediately thought "this makes sense." I'm not surprised they prioritized the view over saving money and living 20 floors down. If I had a job that paid enough for me to live in the SF Financial District or any of the nearby neighborhoods, I would live in this kind of apartment too. When you have it like that, why not?

[@itsmulanali]

I think the same thing. We don’t take any of this to the grave so why not live it out? Everything doesn’t have to be about saving and investing. People can just simply like what they like without seeing a way to a profit or savings off every single penny they spend.

[@dbowe4415]

@@itsmulanali That’s a great point: life is much more than just saving and investing money. It’s good to do, yes, but it’s also good to spend money and enjoy the things that we’ve worked hard to be able to enjoy!

[@Vintagetube310]

Well, between both of them they could afford it.

[@EcomJourney]

Judging by the responses here, $3,850 isn't cheap even in the US. Over here in Nigeria, $3,850 per year (cause we pay yearly) can get a nice 2 bedroom apartment, in a fantastic location/city. If I have to multiply $3,850 she's paying per month for a year, man, I'll buy a good 3 bedroom apartment for her one year rent, and pay cash $46,200. Demn.

[@kawanjoseph2373]

$4,000 for a 1 bedroom? That’s nuts

[@SpongeMixify]

So they each pay like 2k a month. Honestly as someone from the Bay that's not bad for what they get, including the amenities. She's in tech, and I assume they both make around over six figures (at least 150k).

[@igweofart]

People who live in places like NY, LA, DC and SF, I don’t know how y’all do it 4,000 DOLLARS FOR 700 SQ FT 🤦🏿🤦🏿🤦🏿🤦🏿

[@williehawkings2368]

This is easily achievable for for an insightful and new age inclined person, good thing is people are getting to know Cash is pretty much trash at this point, it is designated to fail eventually, 3 BEST and surprisingly easy ways to double or hold your funds in 2021; Real Estate, Gold, Who can guess the 3rd??

[@tomlogan612]

Has to be stock trading, made my first million through it earlier this year as a newbie after I met a professional from a reputable firm, retiring next year with absolutely no fears

[@carysalazar5374]

@@tomlogan612 Congratulations in advance on your retirement, That's impressive big bucks, personally tried doing that on my own with no luck for sometime now .Who is this professional you worked with please?

[@tomlogan612]

@@carysalazar5374 "Alisan P Martin" she was in the news when she revived Grumac company in 2018. You can look her up on the web to get more info on her

[@johnathanphelps4959]

stripping? onlyfans?? I could go on and on lol

[@tonygomes7626]

@@johnathanphelps4959I bet you thought that was a good joke

[@clairedubiel6226]

That’s SOOOOO expensive! I’m renting in Austin Texas, $850 for a one bedroom one bathroom 662sqft apt. You can definitely find cheaper ones if you go outside of the main Austin area too.

[@christiancalderon3821]

Enjoy it for now. I heard Austin is the next silicon valley

[@colorfulcodes]

Not many Austin companies pay 200k so makes sense. Even big tech makes you take a pay cut for moving there.

[@Tw0HOT4Tv]

The rent for this apartment is insane.

[@SaL-ep7zb]

"This kitchen was not built for cooking". Well I have a toilet that wasn't meant to poop on.

[@ToddBaldwin]

You two seem to really love your apartment. I am happy for you both :)

[@taoist32]

She’s not that smart. She could easily buy an actual house for less than what she pays. In fact, they could buy a 5 bedroom, 3 bathroom house in Idaho for $600,000.

[@SoulJestic]

@@taoist32 homie did you even watch the vid? They're in the market for a house rn. And not everyone wants to live in bumfuck Idaho

[@JoeJHX]

This rent is $1000/month more expensive than the mortgage on my 1.4m home. Nice way to spend ur hard earned $$$

[@joannabusinessaccount7293]

You have the down payment to pay for the 1.4 house - but these young people do not yet. Their job, life, career and other situations require this type of setup but I wouldn’t say this is irresponsible. The fact that both of them have worked hard to be able to find jobs in tech and each other is evidence that they are successful, hard working, and thoughtful.

[@dillmon1]

@@joannabusinessaccount7293 if they lived in a cheaper apartment they could save at a faster rate and be able to afford the down payment when they’re ready.

[@getupandtravel]

@@dillmon1I also live in SF and across the street from my mom is a 1/1 for $4600 with street parking. There's no cheaper in the city and county of SF

[@mba2ceo]

stupid ppl with $$$ ?

[@MsWorkInProgress]

wow. beautiful apartment!!!

[@mkite715]

I have a six figure income and have chosen to live in a part of the country where the median home price is $170,000. I bought a $115,000 townhouse and have zero debt other than my mortgage. Life is good. I lived in DC for 10 years. Talk about expensive.

[@marcoz1221]

Absolutely insane considering she works from home .. she can basically leave anywhere in the US but decides to stay in one of the most expensive areas because she likes the chill vibe and can walk her dog around and buy coffee ??? Is this even real??

[@hubertcumberdale2651]

One of the reasons I avoid pets is because I can't relocate overseas with them. Imagine how costly being a "dog mom" really is in some of these U.S. cities

[@CrimsonEclipse]

She work from home but her husband works in bio tech which is more hands on at a lab.

[@jasminebernardeau4]

her husband is not remote since he's in biotech lol

[@michellebrumwell]

And she will likely need to return to work later this year. They locked in a discounted rate for 15 months.

[@Nerosink2000]

Why not ? Don't forget there are 2 working people here ....

[@michelewilliams2920]

After 15 months the rent will go back up to its normal price correct?

[@vee9043]

Depends on when they leased. Hopefully they leased off peak market (Oct-Feb)

[@biscaynesupercars]

I’m in miami paying around 1800 for roughly the same size and thats on a discount because normal prices before covid were around 2500 for a 1/1 and that was crazy to me so almost 4k for a 1/1 is wild. But you get to live in a fun area in fun cities like miami, sf, la, nyc and others

[@SeanDaNerd]

It all comes down to the location. You pay to be in SF. You pay to look at SF. You get paid well because you work in SF.

[@jlee222ballin]

high cost of living, yes, but the jobs also pay way more than other cities. it's a fair balance

[@candy314]

3850 for one bedroom in SF is cheap. You can only get that price during Covid.

[@EwYoureCringe]

The median was $2800. There are definitely places in the $2k range now

[@joel-kr2kv]

It’s cheap for a high rise in SF. You can get 2b easy if not in a high rise

[@brimmed]

lol those amenities and everything are great... when they're open. my old apartment closed the gyms, pool, lounge, etc since April of last year. moved out when my lease was done since telecommuting 80% of the time. Saving money moving back with my parents and just commuting 65 mi each way once a week. Sometimes I have to go two or three times a week to the office but it's pretty rare, maybe once a month and i just stay in a cheap motel to save time and gas (have to be at work in down town LA at 6:30 so would rather not deal with traffic and driving back and forth multiple days in a row)

[@nrodaf06]

Another example of "what's the cost of the apartment" versus "what's the cost of the apartment + amenities offered by the building".

[@lukebradley7879]

Does literally everyone in SF work in tech

[@tonyschannel2281]

No, others have no job and sleep in the streets.

[@HerAeolianHarp]

The techies ruined my former city. Middle class families get priced out and tech Millennials move in.

[@closeredge5198]

@@HerAeolianHarp Where were you located? Curious

[@Kevindevin7]

I work in tech, in SF, but moved to the east coast to be closer to family and college friends./ I'm suppose to return back to SF in September for RTO. Though, I'm thinking of taking the salary cut and moving to Austin, TX instead. Anyone doing the same, or has done this before? Would love to hear from you!

[@joyaustin6581]

Austin is getting more and more expensive. We have no state income tax but I’ve heard our property taxes are expensive. I would visit a few times before you decide.

[@Shazzyhtown]

Don't bother. Austin is now the most expensive city in Texas. It's not cheap anymore, unless you live on the outskirts. All the major Texas cities have creeped up in COL, but Austin has seen it worse. Tech should be remote friendly, so why not move to a mid size city that's cheaper? 😉

[@lukebradley7879]

Let me guess you work at Tesla

[@Kevindevin7]

@@lukebradley7879 nah another FANG dude

[@rgwak]

Pretty sure "East Cut" is a marketing tactic by the developers.My friend lives there and didn't even know that's what the neighborhood was called until like last year.

[@mrs.stewart6833]

This is crazy for 1 bed,1 bath...basically they are paying for the view. At least the refrigerator is full!!

[@boredbeingbored894]

I don’t think I would ever pay that much for an apt even when I can afford it. It’s money down the drain every month. I much prefer to invest or put that into savings.