How to get the best deal on a home in the Bay Area, says the Bay area’s new real estate broker
By Michael Pachal, Associated PressSAN FRANCISCO (AP) It’s hard to beat a bargain in the San Francisco market.
And that’s exactly what’s happening in the market for one- and two-bedroom apartments.
On a recent afternoon, the price of a one-bedroom apartment was $2,500, or $1,000 less than the median rent for a two-bedroom home in San Francisco.
And on a recent day, the rent for one bedroom in San Jose was $1.832 an hour, or nearly $300 less than a one bedroom for a four-bedroom in the same city.
“I’ve got two kids,” said Barbara Bostock, who has been living in San José for six years.
“I can’t live with rent.
I’ve got a car and I’m trying to find a way to make it work.”
For some, the move to the Bay is a natural progression.
The median household income in San Mateo County is $75,000, and the median price of new homes there is about $1 million, according to data from Zillow.
The Bay Area’s median income is about half that of the nation, and rents are more affordable than many of the city’s other big cities.
“We need to build more housing in San Bruno,” said Chris DeCesare, president of the San Bruno Neighborhood Association.
“We need more housing here.
It’s not just about housing, it’s about the ability to live here.”
Bostock and other San Francisco homeowners who own a home are struggling to make ends meet.
San Francisco’s median home value is $1 billion.
A home sold for about $831,000 in San Diego County last year.
Bostocks house was sold last year for $531,500 in San Rafael County, a median price for a one, two and three bedroom home in that county is about one-third of what it would cost to buy in San Fran.
“The city has become a little more unaffordable,” said DeCetsre.
“It’s like we’re going to get a house on the beach, and then it’s not that expensive.
But then it comes down to paying the mortgage and having the rent.
It can be difficult.”
The median rent in San Bay is $2.39 an hour.
BOSTOCK: San Francisco has been a magnet for developers who are looking to build in the area.
But many people in San San Francisco are struggling, and they are desperate for affordable housing.
The Bay Area has been struggling with high rents.
San Jose, the second-highest-valued city in the country, has been home to more than 7,000 new apartment units over the past four years.
That number has been boosted by new housing developments, such as the Bayview Tower in the Mission district.
But the city also has a growing housing shortage.
In 2012, the number of households with a one-, two- or three-bedroom home in town grew to 5,852.
That’s about 12.8 percent of the county’s total housing population.
That is a lot of empty housing, said Bostocked.
In San Jose alone, there are more than 1,500 vacant homes, according the San Jose Housing Authority.
In San Francisco, more than 5,400 empty homes are vacant.
The San Francisco Bay Area Housing Authority says that a housing shortage in the region has pushed up rents and forced people to make drastic moves.
San Bruno residents like Bostocking say they have tried to relocate but have had little success.
They also say they don’t want to move out of the area because they don.