What does real estate in San Francisco have in common with the salary of a computer scientist working in Silicon Valley? The amount needed to purchase real estate. In fact, to be able to sign a lease. As absurd as it sounds, in San Francisco, rental prices have risen dramatically. To the point where we are puzzled by such a comparison. And it was precisely the young computer scientists who first came to terms with these figures that denounced this situation.
So, if you are curious to know more, all you have to do is read the next few lines!
Let us therefore inaugurate our mini-guide today!
Let’s start with the salary numbers for a young computer scientist in Silicon Valley. We’re talking about $91,700. A considerable amount which, in the collective imagination, represents a respectable status symbol. But apparently, it’s not the same for real estate in San Francisco. Yes, it does. In the most competitive real estate market in the United States of America, it doesn’t work that way. It is not surprising how many people have serious difficulties in reallocating to this wonderful city.
In fact, 60% of those surveyed feel that they are unable to afford the standard cost of renting a single bedroom, which is around $3,400 a month. But let’s find out more.
It is no wonder that the six-figure salary of a computer scientist is not enough to support such a huge expense. The classic salary, which represents a very high level of well-being, seems to be insufficient for young people.
That is why an alternative solution has been sought so that anyone can approach the San Francisco Real Estate without encountering these insurmountable barriers to entry.
So what was the solution to solve this gap ? What’s been going on for the most in recent years. That is, the sharing of space !
The tech workers have suggested the creation of a community cohabitation organisation. In this way, it will be possible to cut costs without having a roof over our heads.
The project, which is already underway, includes the construction of 50 rooms on three floors, each with bunk beds. The price for all this? We are talking about 1,900 dollars a month. A much more affordable price, compared to those previously mentioned. But there’s more. There is also a focus on those who, for work related reasons, have been forced to move with their whole family to San Francisco.
A really large project, which combines the solution to a discomfort, the increase of real estate!
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