Mountain View becomes priciest place to rent in Bay Area

Рет қаралды 30,413

3 ай бұрын

San Francisco is no longer the priciest place to rent in the Bay Area. That title now belongs to Mountain View. Marianne Favro reports.
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Пікірлер: 66

@BrakRulesAll 3 ай бұрын

Does the $2k in Oakland include bars on the windows and an armed guard to escort you to and from your car? What a complete joke the bay area has become.

@BrakRulesAll 3 ай бұрын

@@MiMiiViVi Still the Bay Area. Pure insanity.

@IndigoStarrAz 3 ай бұрын

In 2000 I moved from Mtn. View to Arizona - was paying $750 for a 1BR near Rengstorff and El Camino. It's a great little community.

@UpUpDnDnLtRtLtRtBAStart 3 ай бұрын

24 years ago

@jm3384 3 ай бұрын

lol, not even students can rent a bedroom in a shared apartment for that price. It’s about $1,500 per bedroom in shared housing.

@MultiMojo 3 ай бұрын

Rents are lower in Santa Clara, it isn't too far to drive either

@mikeydude750 3 ай бұрын

Also no PG&E highway robbery

@jamesmachado7357 3 ай бұрын

largest problem with Peninsula is they don't build enough new housing per capita. The inflate prices this way.

@praveend6839 3 ай бұрын

@jamesmachado7357 - if more houses have been built, more people would have lived... wouldn't have much effect on home prices

@YouTubeAddict50 3 ай бұрын

Realtors are some of the most shady people. Beware.

@accountantreviews7002 3 ай бұрын

yeah it is going to be tough as far as rent increases as companies are asking employees to come back to the office which means that they need to find living areas close to the campuses so that they can commute 1-4 hours on the day that they come to work, without any pay salary increases that would match the increases in rent prices. Hope that makes sense but rent situation would not be such a constraint if employees are not force to come back either fulltime to the office or 2-3 times a week as the cost of everything has increased and employees actually had to move to other cities to afford rent after the pandemic. now they have to shift their daily lives to make ends meet.

@WeylandLabs 3 ай бұрын

Breaking : Water is Wet ! 😂

@frankmacleod2565 3 ай бұрын

I live 5 minutes from the beach and pay less than $1000 for a 2-bedroom. Can't imagine this mess

@BuhodePiedra 3 ай бұрын

Where?

@frankmacleod2565 3 ай бұрын

@@BuhodePiedra a small city in north California

@supportmytroups7 3 ай бұрын

And likely , less attractions nearby , less job opportunities, not as safe, etc

@funkychicken2119 3 ай бұрын

Under 1k and 5 min to the beach? Must be out there in the boonies like Jenner or something.

@jasonking6892 3 ай бұрын

How is Brazil 🇧🇷

@CoolHand273 3 ай бұрын

This report could have fooled me. It took forever to get a new decent tenant after the eviction last year. I would love to have people fight for my rental.

@User-ef8vk 3 ай бұрын

Termites and Roaches included

@BuhodePiedra 3 ай бұрын

One thing to allow prop 13 to enable people who actually occupy their homes to be able to reside where they live. It’s quite another thing entirely to allow people to have prop 13 tax liability alongside the highest tiered rent in the country! Any local leaders going to address this huge imbalanced canyon here? Anybody willing to speak of “unfair advantages” outside of men playing in women’s sports? Think of you’re born a couple of decades of prop 13 was passed and now your land lord has an extremely low tax bracket and you are paying extremely high rents.. that would be an extreme example of an unfair economic advantage in favor of anyone who was born at a certain time. And also 55+ communities are the only legal means to discriminate in the housing market. Economic Ageism indeed.. in favor of the older ones. These sorts of land lords better fix up every little thing with no mold etc or else that’s another issue entirely aka extortion

@BuhodePiedra 3 ай бұрын

@@MiMiiViVi it is your opinion that there aren’t any rental properties that are benefiting from prop 13 in the Bay Area like how I described? Who enforces that?

@mikeydude750 3 ай бұрын

@@MiMiiViVi Not true. It applies to EVERY property.

@CoolHand273 3 ай бұрын

trust me if long term landlords have to pay higher taxes you have to bet that will be passed on to the tenant one way or another so be careful what you wish for. I for one would love to have everything provided at cost with no profit to the vendor but that is not how the world works. Why should housing be any different? Please blame the politicians and their nimby constituents as well as more affluent people who are willing to pay more than you for housing instead of housing providers who are just charging the market price.

@BuhodePiedra 3 ай бұрын

@@CoolHand273 so then.. prop 13 does indeed apply to long time home owners who have their homes assessed at around 1% of 100,000$ and are now collecting the highest tiered rent in the country. All I said is that this dynamic is not “enabling people to stay in their homes” and it’s another thing entirely to have an income producing property be taxed like we’re saving people from moving away, and if these sorts do not keep up with maintenance.. well then there’s a special place in h$ll for them because that’s entirely ludicrous and disrespectful.. extortion etc etc. the message is “we can’t afford it” then you go outside and the message is “I think I’ll get a new cyber truck”. So yeah I think the wealthy would be able to help fix the roads and hospitals more without too much detriment yes.

@mikeydude750 3 ай бұрын

@@CoolHand273 prop 13 is the single biggest factor driving up the cost of property here. people are not willing to give up their homes as easily if they are sitting on vastly cheaper property tax than what they should be paying. it's the same issue as why the supply of homes cratered once interest rates increased. no one can move because to do so means a new loan at higher interest rates. prop 13 might increase taxes in the short term but it also completely wipes the slate with the dysfunctional housing market and actually allows it to function more normally.

@erich84502ify 3 ай бұрын

Fresno is $1650 median but nicer zipcodes are more expensive.

@hppavilionf50 3 ай бұрын

The schools in the city and county of SF are not good. Families that can't afford private schools in SF are moving to the suburbs.

@propblast82nd 2 ай бұрын

Sounds like they need some high density public housing projects

@jasonking6892 3 ай бұрын

High Rents Traffic Food Electric Gas Homeless Stress😅 Sounds Delicious Sign me Up

@rr5837 3 ай бұрын

Our studio back in 2014 was 2k

@highlymedicated2438 3 ай бұрын

I use to live there. I got out. its cold year around.

@icyteddy1978 3 ай бұрын

The population in the Bay Area is overcrowded. It's too concentrated and dense. More people mean more demand and competition for Owners and Renters. There is not enough space to accommodate the number of people looking for a place to stay.

@mikeydude750 3 ай бұрын

So allow more apartment buildings to be built instead of zoning everything for single family housing only.

@comeconcon569 3 ай бұрын

What about Cupertino, home to Giant tech Apple?

@moeiebrown9087 3 ай бұрын

Go figure lived there for years before moving to Palo a.to it was considered lower class . So funny ! Love Mountain View 👌

@sucksessless 3 ай бұрын

...google's hiring again? LmA0

@Novastar.SaberCombat 3 ай бұрын

Not surprising. Rich gotta rich, poor gotta poor.

@praveend6839 3 ай бұрын

@Novastar.SaberCombat - some rich got poorer and some poor got richer too...

@Tomorrowz12 3 ай бұрын

Insane!

@LuckyDuckie115 3 ай бұрын

Love Mountain View

@timothyshiu2263 3 ай бұрын

Yeah, mortgagee and landlords got pushed into debt. Landlords will charge more for sure when unpaid renters take the full advantage of no rent and no eviction for 2 years.

@jbsbayarea1 3 ай бұрын

Moutain View has always been a nice area to live, I grew up there as a kid and it still one of the nicest towns to live in.

@bfranco1519 3 ай бұрын

Was, not anymore. Homeless are everywhere. No tents yet but broken down RVs line some streets. I hate it here, but I can’t move for a few more years sadly…

@charlielamare8684 3 ай бұрын

Yep... I just moved to an apartment studio on Feb 1st, in an old building and i am paying almost $2000. Insane.

@GoldAceNews 3 ай бұрын

So much corporate greed. We need Christ soon.

@Novastar.SaberCombat 3 ай бұрын

No religion of any kind can save humanity from themselves. Besides... when you get down to it, terrestrial existence is utterly meaningless. That is... unless you're already filthy rich. In that case, you're obviously invincible; sky's the limit--even into the afterlife! 💪😎✌️

@Msnanamac 3 ай бұрын

This is proves the people who say building more housing will decrease the rents due to supply and demand. Mountain View is the only city in Silicon Valley on track for their new apartment building goals for affordable housing, but now it's the most expensive place in the Bay Area. There needs to be fair rent control. You can't simply just build, build, build as you see people will just move from other places and flood the market again causing prices to soar

@praveend6839 3 ай бұрын

@Msnanamac - new homes mean higher rents... this is what people have to understand. And rent control acts will only slow/stop new home construction... construction of homes is very expensive... even before construction... fee for survey, Architect, civil engineer, structural engineer and then the city fee... all these cost minimum 50k... might be much more...

@mikeydude750 3 ай бұрын

Rent control does nothing to help people who don't already live there. it's a giant "f-you, got mine" for renters already there over other people

@CoolHand273 3 ай бұрын

@@praveend6839just the permit on my last project was $50K. everything else you speak of tacks on even more. Everyone has their hands out but people can only pay so much for the finished project.