wow... thats crazy... the investors figured out how the fleece people out of more money... sqaush them into a building that would normally hold 7 apts to 20 something apts... for a whole lot of money... 😢 sad... i get the concept but the price tag doesnt match the suppose ideal... smh
I (an older-than-middle-age woman) have never even made more than $2,000 a month at any job. Therefore, I could never hope to afford the "average apartment". Things are getting completely out of hand in this city! Ridiculous situation.
Why does everyone think living in the middle of nowhere is in any way comparable to living in a major city? If your biggest advantage is "I have a back yard" you don't understand what it's like to live in a city.
That said this is still really expensive, but that's because housing policies are designed to make housing as expensive as possible. Nothing says cities have to be expensive. Just look at Berlin German or Tokyo Japan. Big cities that still have very affordable housing.
Old and spacious but at what cost? Here in Chicago we have plenty of old and spacious places. Know what comes with them though? Roaches infestations, rats, drug dealers and crime. Any attempt to live beneath your means is squashed out. You either pay top dollar for safety, or save money by lowering your quality of life and safety.
Ridiculous. The earth is vast and accommodating but these rich bastards want you to live in jail cells like live stock so they can milk you of your hard earned money. Pathetic the world we have made for ourselves. THIS is what we should have had by now>> https://www.facebook.com/projectmagrav/photos/a.681671898641562.1073741828.626893384119414/765444323597652/?type=3&theater
The purpose is to make as much as you can out of the least amount of space. They aren't exactly cheap. You may as well get a full unit. It's genius though. Kinda like Starbucks. Trend it out and fools will pay alot for nothing.
He acts as if he's doing humanity a favor by dividing up what would otherwise be a normal sized apartment into smaller units. But, in reality, it's just a way for him to generate more revenue. Who is this guy fooling?
I have a 3 bedroom house for $576/month which includes taxes and insurance. I am only 15 minutes from downtown Raleigh. I say people who rent expensive apartments have more dollars than sense (or cents)
NunyaDammeBiznis but that's not the average rent for the area. What's your motive for creating information that can be easily verified. lol 😂😂😂
I just did a little search and found that there are luxury apartments with 3 bedrooms and three baths going for about $2,000 in the Raleigh downtown area. In New York City for $2,000 you can get yourself a 400 square foot Studio.
A lot of people end up in high cost of living areas due to jobs. I used to live in a low cost of living area, but my husband couldn't find work, and I lost my job. Now my rent is 3 times as much for 1/4 of the space. I wish I could move back, but I can't due to the lack of jobs in that area
THis size apartment is very common in many European cities. Thousands of people around the world live like this, it's great to see that desigers in the US are taking note and making it an option for others in the US!
Yes, the idea of small space living is great. BUT.....not for almost 20,000 dollars a year.No matter where you are this should anger you. If necessary, change your lifestyle..Don t say you can,T ,you must or you will always be at the mercy of others.The choice is yours.
Well here are your choices when it comes to big cities:
1. Live with 4-5 people and save money.
2. Find a cheaper place for middle class income that is crime ridden and filled with roaches, bed bugs & rats.
3. Make more money so you can live in a safer environment alone.
4. Leave the city altogether and move to a small town rural area, hoping you can find a high end job in that environment.
You must have forgotten that this is in San Francisco- one of the most competitive housing markets other than NYC. You probably aren't from the Bay Area, but most monthly rents of larger studios and 1 bedroom apartments in the city run $3k+ rent per month. So for the price this in its location is actually not that bad.
The purpose of the micro apartment is to milk people for everything they have and give less and less in return. It's the best reason why you shouldn't have kids so these rentier capitalist assholes can look around when they're old and come to the conclusion they'll have to change their own diapers ;-)
I live in Toronto in a 325 sq ft studio. While I like the kitchen here, the rest of the apt is not well set up. I manage to have a queen canopy bed, a proper love seat living room arrangement and small dining area. All small apartments should have balconies too. I couldnt live without that.
Susan Crawford I live in 344sq ft 1-bedroom apartment. Kitchen is separate from living room and living room is quite cozy, leading on small balcony. Bedroom can hold large double bed, 2 nightstands and large closet. In entrence way there is shoe closet that is huge and also jackets and coats closet. Bathroom is decent size (we have washer and dryer also in there). It is all about lay out of the apartment (even small spaces can be amazing and enough if properly thought out).
all though I very much like the video, and the idea of micro apartments. These are always narrated by some rich guy that takes the maximum amount of money for the smallest amount he has to give, and then goes home to his hilltop mansion and tennis court.... that bothers the shiite out of me.
Robbery, yes. But the thing is, in San Francisco, a person has to spend $3,000 a month if they want to live in a decent apartment in a relatively safe neighborhood. So, $1600 is considered cheap! That's the reality of life there.
Give it a year a two, and all these multi-functional pieces will stop working. The desk that turns into a table will no longer be able to stay as a table because the clips will be broken. Over technical, going over the top with functionality that it will cause problems and difficult to maintain.
1600? Seriously? The point of microapartments is for smaller spaces for single folks lookin for cheaper rents. It's not like you cna ideally put two people in this to split the cosy of 1600. This should be below 1000// edit nebvermind i didn't know this was san fran
Gotta keep in mind. This is one of the most expensive place in the world to live. Also, not everyone (obviously) but many are making a VERY good wage working in SF. To some? It is worth being IN the city for affordable.
Hmm I wonder though are these micro apartments here to solve homelessness and to keep rents low. I wonder if the investors are doing this to make more money. In the video the guy stated you can have 23 micro apartments in the space of about 7 regular sized apartments.
+D Angel They're letting them in here to destabilize our economy and way of life. I'm expecting our economy to crash within the next 2-3 years. Washington can't keep giving out money it doesn't have to every illegal that makes it across the border. And with the recent downturn in the Chinese economy, I reckon they'll come looking for some of the billions we owe them. Never mind that they got the money to lend us from American companies sending our jobs over to them.
+Diana Knox if they are trying to lower population rates, then why the fucka re they letting third world countries population grow to unsustainable levels, and then letting them in when shit hits the fan over there
damn. It's really all about location being a factor. It's like that in NYC as well. Even in the "roach motel" type apartments it cost an arm and a leg. When people get a high paying job, it's only because they have to just to have a semi-decent place to live and whatever is left over is boxes of ramen noodle. Here in North Carolina, my 2 bedroom 2 bathroom apartment is only around $700 including utilities and trash pickup. The only thing that was separate was internet which is only $30 a month. I guess it's just in big cities up north and out west where you are at. I don't know.
+lilbunnyfoofoo Afraid so. I, too live in Ca. and I can tell you that the rent isn't cheap. We live in one of the smaller farming communities, in the central valley and the median rent for a two bedroom is $1000.00/month. And there's a long waiting list. If you don't get your application in when it first becomes available, you won't get it. We lucked out because a relative owns the house we live in. We only pay $850.00/month, but he could get up to $2000.00. In the bay area where these micro apts. are, if you can find a studio for less than $2000.00/month, it won't be in any area that you'd want to live in. I should also state that we pay our own utilities and the average monthly is $250.00 for electricity, water and sewer, and $85.00 for gas. We also have to pay for trash pick-up and that's another $87.00 every 3 months. If there weren't 4 of us sharing the cost, none of us would be able to afford anything. I'm the only one with a job. The other 3 are on SS disability.
+lilbunnyfoofoo San Francisco is home to major tech companies and average household income $100k. The median income is $77k and that means real-estates will increase rent price because income that is 100k. I live in southern California and my city rent average is $1200 compare to San Francisco $3800. I just hope techies don't end in my city. I hate high rent, low income people will struggle or they will move out of the city. I am planning to move to SF bay area because a major company ask me after I send my resume. I am like fuck my life need to save money to pay high security deposit and first month rent.
I just signed on a 690 square foot studio near Chicago for $904. This tiny little "apartment" if you can even call it that is way overpriced. If that's the going rate, then all of them are way overpriced. No way housing costs should be that high anywhere
I live in Blue Springs rents for a one bedroom that is at least 700 sq feet is $500! Blue springs has no ghetto areas at all. I wonder if they built these mirco units here would they have them at a more reasonable price say $300? the only way I would live in a micro apartment is to save money not pay more!
Great response. If those people want to waste all their hard earned cash and crap shoe boxes like this be my guest. Like money is growing on their backs or something and not look at any other options. Pathetic.
cwj415 pretty funny for me being from Texas where $1600 a month could get you a 4 bedroom 3 bath house to rent that has an actual value of $260,000.
I dunno but to from what I’m used to $1,600/mo for that is ridiculous but then again I did grow up in a state where living is significantly cheaper than SF
DanSVT03 I pay $1,200 for my studio apartment in NYC. That's super cheap for Manhattan, and it's bigger than this place!
My colleagues pay $2,000+ on a place smaller than mine in the same EXACT borough, but I live in Washington Heights while they all live in The Village (a 20 minute train ride AT BEST).
The difference is they were born in Michigan and I was born and raised in NYC. They complain about being broke but don't want to leave The Village because of the "amazing" (overrated) nightlife
Don't assume San Francisco is all hipsters. These studios are located in SF's South of Market neighborhood, which is next to the Financial District. I'm guessing the target demographic is yuppies, bankers, and successful entrepreneurs.
Sadly, this is nt entirely true. CA Minimum Wage wage does not keep up with the high cost of CA for housing. It is $10 an hr. Which is abysmal. If it was $12 an hr, that still would not afford a $1600 little place either. Renting a house in SF, or even places like San Jose would actually be more like $2000 a month. SF would be even higher than that for something over 1 BR, People making a lower wage need to team up with others to get by.
Cost of living is higher in other places because they get payed more so really it all even's out. Minimum wage at fast food where I live is like 7:50$ an hour and to rent a house is like 800$ a month. If I moved to CA minimum wage for fast food there is like 13$ an hour but to rent a house it would be $1.2k+ because they make more money.
I have a 3 BR home. In a nice part of town, in a city many SF folks are moving to due to the cost of living getting completely out-of-control. Guess what? Our mortgage is the cost of this places Rent. Maybe $900, but $1600? Seems pretty cruel to the folks that do not work at Google. Not everyone makes over minimum wage or so. Where do they live? The people that take care of your daily needs?
"Close to the action?" Chic, cute, hip and not affordable to the elderly and handicap. More profit on less space. $1600.00/mo? Why don't these "hip" speculative developers move to another city and screw it over. Bitter? Yes,especially I since am slowly being priced out of SF after 30 years residency.
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