Tag

San Francisco

Photo time! Asian Art Edition

A couple of weekends ago we took advantage of free admission day and visited the Asian Art Museum of San Francisco. Wikipedia tells me this particular museum houses one of the most comprehensive Asian art collections in the world with over 18,000 pieces (some dating back 6,000 years). I’ve been to a lot of museums and this one was pretty typical – exactly what I expected, I mean. They had some very interesting pieces, including some unlike anything I’d seen before. I especially enjoyed the juxtaposition of modern and antiquarian works in the same gallery space.

Bonus: The wonton soup from the café was unexpectedly delicious.

Let’s Talk Housing

I’m going to start with some stats. Yes folks, instead of just rambling on and on about how much my rent is, I actually did some research! This information comes from Trulia.com and applies to the City of San Francisco.

Median Sales Price: $1.15 million
Median Monthly Rent: $4,685
Median Household Income: $78,087
*Is it just me or does that last number not match the first two? Congratulations! You’ve just recognized one of the massive problems with the local housing market.

I live on the peninsula where it is a bit cheaper, so let’s check out similar stats for Foster City.

Median Sales Price: $1.1 million
Median Monthly Rent: $4,380
Median Household Income: $117,872

Ah, interesting. See that increase in median income? Foster City doesn’t have a Caltrain station and 95% of its residents commute by car making it much less appealing for residents dependent on public transportation (by need or by choice). Additionally, only 28% of the population is single (compared to 52% in the city), i.e. more two-income households. Foster City also boasts 70% home ownership. Is that the difference half a million in median price makes? No. This area has a booming condo/townhome industry with prices available well under a million. That’s a much more reasonable price for professional-level household incomes under $200,000. [Hello, that’s me!]

And here is a nifty chart from WolfStreet.com that gives a good picture of what has actually been happening with the housing market in San Francisco as compared to both California and the U.S. as a whole.
Wolf Street
Yikes. Am I right? According to a lot of sources out there, prices appear to at the beginning of a decline. Let’s hope that is true.

Okay, now let’s run some numbers. If you want to live in San Francisco and keep your rent/mortgage costs (minus insurance and utilities) down around a reasonable 25% of your gross, you’d need a median household income of . . . ::drumroll please::. . . $224,880. Minimum wage in the city is $13, so two adults in full-time minimum wage jobs will have an annual gross household income of . . . ::slide whistle:: . . . $54,080.

What’s the solution? Multiple jobs, cheaper apartments, unsafe areas, horrific commutes, roommates. All unsustainable when you think about the long-term market.

The first thing people me ask when confronted with the rising hiring market is “Well, doesn’t your salary increase too?” Answer: Yes, but not in proportion. Take me for example. I’m a white collar professional with a Master’s degree in a federal position. My salary tripled from low-cost-of-living-Arkansas (and is in a comfortable range for us, did my research there too), while my housing costs quintupled. We are spending around 1/3 of our income on rent alone – a number I would never have even entertained in Arkansas, but one that is considered perfectly acceptable here.

Naturally the situation isn’t quite that cut and dry. There are cost benefits associated with apartment living – no home or yard maintenance, lower utility costs, lower insurance costs – but it certainly doesn’t even out.

So, time to ponder the million dollar question – is it worth it?

4 Things I Do Not Love About Living in San Francisco

1) The Apartment Living
I haven’t gotten used to the apartment way of life yet. Honestly, it makes me feel like a college student who decorates by lining up empty liquor bottles over the kitchen cabinets. I miss my little house. All of our furniture is too big for this apartment, even though we left 1/3 of it behind. There is no place to store anything. And – get this! – there are people everywhere. They walk around living their own lives way too close to my dwelling. Yes, I’m joking around. But it is still a big adjustment. I’m used to a quiet suburb, not a complex with eight four-story buildings.

It is an adjustment and I’m just not there yet. I refuse to shell out $5000 a month to rent a house in this town though, so I better get over it.
Apartment Dino
2) The Seagulls
Or other random coastal birds that make a lot of noise. I’ve never actually seen them, so I guess I can’t blame seagulls 100%. Either way, these noisy little varmints wake me up a lot in the mornings, ruining the peaceful and cool bedroom. Birds man, big jerks. Nature and I never really have gotten along. . .

3) The Pizza
I’m looking for recommendations if you know of something better, but – so far – most of what I’ve tried has been bad. I’ve enjoyed a few slices that were fine. Nothing that met my craving for lazy Friday night gooey-cheesy pizza. It makes me want to order from Pizza Hut. Pizza Hut! In a city where you can find any type of food imaginable. . . I want to hit up a boring chain pizza place. There are plenty of delicious looking wood fire pizza joints around. That isn’t lazy Friday night pizza though.

I’m not alone in my opinion of Bay Area pizza, as demonstrated by this awesome comic I found. Click through to see the rest of her NY vs. SF series.
SF PIzza.

4) The Lack of Rain
I know I shouldn’t complain about this because winter rain is coming. But guys, I miss it. I’ve been here two months and I haven’t seen a drop! The fog helps fill my need for overcast days, but what I wouldn’t give to go to sleep listening to a rain storm. Remind me that I complained about this when we are getting a month’s worth of rain in a couple of days. Apparently when it rains, it really rains.

4 Things I Love About the San Francisco Bay Area

First impressions, really. I have only been here for two months, after all. I still have 99.6% of the area left to explore. Everyone seems to be happy and the adjustment has been a lot smoother than expected. I guess we really are all just go-with-the-flow people when it comes to where we live. I mean, I do miss my Arkansas house. But only because it is actually a house instead of an apartment, not because I’m having any sentimental attachment. I am cold and unfeeling to the core though . . . so there’s that.

In no particular order, here are four things I love about living in the Bay Area.* Stay tuned for Monday when I’ll share four things I do not love about living in the Bay Area.

1) The Weather
I don’t really feel like I need to explain this one a lot as everyone knows the weather is beautiful in San Francisco. We live on the east side of the peninsula and, although it has gotten up into the lower 80s a few days this summer, the breeze (aka natural air conditioner) comes through and cools everything back down. It can get a little hot in the house around 3-5pm on those warmer days, but almost instantly becomes ultra-pleasant again when the direct sunlight moves on. And yes, I’ve been cold at night many times.

2) The Views
Ya’ll. I’ve been a lot of beautiful places. A lot. But this one . . . this one is high up on the list. You never know when you are going to turn a corner and be blown away. If I had a dollar for every time I’ve said, “It is so beautiful here!” Well. . . I could go out for a nice dinner, at least.

3) The Clapper
The Clapper is a nickname given to an elderly Asian man who walks around our complex for his daily exercise clapping the entire time. I actually didn’t even notice him until my husband arrived and pointed him out. And I’ve still never actually laid eyes on the guy personally. But something about his clapping makes me smile. It seems like it should be annoying, but since he is walking you only really hear it for a few moments at a time.

I don’t know why I feel strongly about having The Clapper on this list, but I suppose it is because little things like this make a place feel like home.

4) The Internet
Five times faster with no ridiculous data cap. And cheaper too. It’s a Silicon Valley perk – Comcast can’t be too much of a jerk about internet usage because Google (or something similar) would come in and save the day. We used part of the money we are now saving to get cable so I can watch RuPaul’s Drag Race in real time. What? Don’t judge me. Watch it with me. We’ll be best friends.

The little man is pretty perturbed by commercials though. He has lived most of his life without them.

Honorable Mentions: Tpumps; Leo J. Ryan Memorial Park; It’s-It Ice Cream Treats; Delicious and Plentiful Asian Food; Delicious and Plentiful Mediterranean Food; 60s-Era Architecture; The Asian Grocery Next Door

*I still haven’t figured out whether or not you capitalize that.