It's getting so bad you have to really start fearing the Ellis act even if you already have a place and the property qualifies. The fact that the inventory is all but dried up, properties are going OVER ask and there are so many cash offers it's just getting crazy and developers have every incentive to buy virtually any property they can get their hands on.
I was in the market last July to rent and I had to pro-rate 2 months worth of rent and even then I only got my place because I edged out the other two candidates due to my credit score. And that was last year before this craziness. Now we've got people who tried to buy with a mortgage that got outbid by a cash offer and they are willing to drop serious cash to rent until they can buy. Shits getting real.
What's going on in SF? Silicon Valley boom again?
I live in probably the best market for jobs in Canada. If you can't get a job, there's something wrong with you. The economy here is booming and there's a shortage of workers/labour.
Construction boom, civil engineering boom, software boom, electrical components boom, startup boom, manufacturing boom, biotech boom, booming boom?
Pick a science field and call a headhunter. A bachelor's degree from a public university in a science field, or an associate's of science and two years of experience? You could walk into 40k easily, maybe 50k. Engineering? You're looking at 60k, at minimum. Software engineering? Same as engineering.
I got hired in process engineering. I'm renting a studio in a separate floor of a house in a very nice area of Nor Cal for $800 a month. So it's definitely expensive but you're guaranteed work and hours.
It's rough. There are many many more qualified people than jobs available in STEM fields--
http://www.nationalreview.com/article/378334/what-stem-shortage-steven-camarota
For those here that are pre-college: think long and hard about the decision to go. You may finish with a pile of debt and the same job prospects you already have.
60k in much of the SF bay area is barely subsistence living, if you can even find a job. There may be a business boom, but it is not a free for all. If you don't already have experience in the exact job you are applying for, or know someone on the inside, good fucking luck. (unless you're a software engineer)
It's rough. There are many many more qualified people than jobs available in STEM fields--
http://www.nationalreview.com/article/378334/what-stem-shortage-steven-camarota
For those here that are pre-college: think long and hard about the decision to go. You may finish with a pile of debt and the same job prospects you already have.
I'm talking about South Bay, San Jose, Cupertino, those areas. Those areas aren't bad and they're still somewhat close to the important parts of North California. There's also a lot of work in engineering in Sacramento.
And I've calculated that I'm taking home $40,000 after both taxes and rent in a studio. It's not exactly a GREAT living condition but for my first job out of college? $40k take home with rent, bills, loans paid and car payment taken care of is pretty good money.
Obviously I'm going to ask my boss for a promotion after a year.
What's going on in SF? Silicon Valley boom again?
It was totally lame for a year and then I nailed an awesome position overseas.
Ship out in August.