Some San Francisco Tech Workers are Renting Cheap 'Bed Pods' (sfgate.com) 184
An anonymous reader shared this report from SFGate:
Late last year, tales of tech workers paying $700 a month for tiny "bed pods" in downtown San Francisco went viral. The story provided a perfect distillation of SF's wild (and wildly expensive) housing market — and inspired schadenfreude when the city deemed the situation illegal. But the provocative living situation wasn't an anomaly, according to a city official.
"We've definitely seen an uptick of these 'pod'-type complaints," Kelly Wong, a planner with San Francisco's code enforcement and zoning and compliance team, told SFGATE... Wong stressed that it's not that San Francisco is inherently against bed pod-type arrangements, but that the city is responsible for making sure these spaces are safe and legally zoned.
So Brownstone Shared Housing is still renting one bed pod location — but not accepting new tenants — after citations for failing to get proper permits and having a lock on the front door that required a key to exit.
And SFGate also spoke to Alex Akel, general manager of Olive Rooms, which opened up a co-living and co-working space in SoMa earlier this year (and also faced "a flurry of complaints.") "Unfortunately, we had complaints from neighbors because of foot traffic and noise, and since then we cut the number of people to fit the ordinance by the city," Akel wrote. Olive Rooms describes its space as targeted at "tech founders from Central Asia, giving them opportunities to get involved in the current AI boom." Akel added that its residents are "bringing new energy to SF," but that the program "will not accept new residents before we clarify the status with the city."
In April, the city also received a complaint about a group called Let's Be Buds, which rents out 14 pods in a loft on Divisadero Street that start at $575 per month for an upper bunk.
While this recent burst of complaints is new, bed pods in San Francisco have been catching flak for years... a company called PodShare, which rents — you guessed it — bed pods, squared itself away with the city and has operated in SF since 2019.
Brownstone's CEO told SFGate "A lot of people want to be here for AI, or for school, or different opportunities." He argues that "it's literally impossible without a product like ours," and that their residents had said the option "positively changed the trajectory of their lives."
"We've definitely seen an uptick of these 'pod'-type complaints," Kelly Wong, a planner with San Francisco's code enforcement and zoning and compliance team, told SFGATE... Wong stressed that it's not that San Francisco is inherently against bed pod-type arrangements, but that the city is responsible for making sure these spaces are safe and legally zoned.
So Brownstone Shared Housing is still renting one bed pod location — but not accepting new tenants — after citations for failing to get proper permits and having a lock on the front door that required a key to exit.
And SFGate also spoke to Alex Akel, general manager of Olive Rooms, which opened up a co-living and co-working space in SoMa earlier this year (and also faced "a flurry of complaints.") "Unfortunately, we had complaints from neighbors because of foot traffic and noise, and since then we cut the number of people to fit the ordinance by the city," Akel wrote. Olive Rooms describes its space as targeted at "tech founders from Central Asia, giving them opportunities to get involved in the current AI boom." Akel added that its residents are "bringing new energy to SF," but that the program "will not accept new residents before we clarify the status with the city."
In April, the city also received a complaint about a group called Let's Be Buds, which rents out 14 pods in a loft on Divisadero Street that start at $575 per month for an upper bunk.
While this recent burst of complaints is new, bed pods in San Francisco have been catching flak for years... a company called PodShare, which rents — you guessed it — bed pods, squared itself away with the city and has operated in SF since 2019.
Brownstone's CEO told SFGate "A lot of people want to be here for AI, or for school, or different opportunities." He argues that "it's literally impossible without a product like ours," and that their residents had said the option "positively changed the trajectory of their lives."
Sidewalk (Score:5, Funny)
Do they come with a patch of sidewalk to shit on?
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We generally hike over to your neighborhood to do that.
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Funny thing is, Rambo is a film with strong themes of PTSD and mistreatment by the police. These days it would be decried as "woke".
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Whoever is the turd that kills someone over a turd.
This right there is why the rest of the world doesn't think the US is a civilized country. You really managed to get from barbary to decadence without the civilization detour.
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But they at least had to import that problem, the US didn't even have to do that.
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Could you explain then why they flock to Sweden, of all the places? It's not exactly known for its ruthless Ayn-Randish capitalism.
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Could you explain then why they flock to Sweden, of all the places?
It would appear to rape [bbc.com] white girls. However, I guess that's what they are doing, not necessarily why they came. Of course, the number of migrants to Sweden is absolutely crushed [worldpopul...review.com] by the number coming to the USA. So, since you seem to want to boil this down to a single dimension, could you explain why so many more come to the USA than come to Sweden (or anywhere else) ? Why aren't they beating down the door to North Korea or China where your commie-pals live? Hmm, still waiting for an answer... but feel free
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Dude, get your head out of your ass. Quite frankly, if you want to make a point, make it one that is a little less ridiculous.
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I answered your question and crushed your stats argument, but it's "ridiculous"
Why aren't people beating down the door to immigrate to communist countries, if com
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Of course, the number of migrants to Sweden is absolutely crushed [worldpopul...review.com] by the number coming to the USA. ...
I answered your question and crushed your stats argument
From the link you provided:
US:
* % Population: 15.28%
Sweden:
* % Population: 19.84%
Seems to be counter to what you're saying!
So, since you seem to want to boil this down to a single dimension, could you explain why so many more come to the USA than come to Sweden
See: % Population
Also, landmass:
* US: 3,797,000 sqmi
* Sweden: 173,860 sqmi
Yeah, you crushed that argument alright, LOL. Do you suppose all those people coming to the US just want to poop on your lawn and get shot at? That's no more ridiculous than your theory that 2M Swedish immigrants went there because they wanted to rape them, which you even doubled down on.
TBH, it's roughly the sam
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Do you suppose all those people coming to the US just want to poop on your lawn and get shot at?
Are you new to the
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Huh, the BBC reports [bbc.com] "About 58% of men convicted in Sweden of rape and attempted rape over the past five years were born abroad, according to data from Swedish national TV." Isn't that interesting? Sounds like rape by immigrants is a problem and not so "ridiculous" after all.
Word salad and amateurish stats manipulation.
From the very link you shared:
"The Mission Investigation programme, due to be broadcast on Wednesday by SVT, said the total number of offenders over five years was 843. Of those, 197 were from the Middle East and North Africa, with 45 coming from Afghanistan."
Do better.
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This was about public defecation on private property. Here that would be considered a threat.
A threat? A threat to what? What kind of pathetic loser are you?
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It's time to Make Property Rights Great Again!
Oh right, you're trolling. Fair enough then.
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They’re far too busy being a “victim” to every “racist” thing they can point a finger as a replacement to personal responsibility and accountability.
Funny thing about failing nonsensical ideologies based on feelings rather than facts. All Common F. Sense has to do is sit back and wait, knowing that Stupid will be forced to learn eventually. The fact that they have to learn the hard way will be viewed as little more than entertainment.
Love how much this equally applies to the moron who believes they are justified in shooting a man for pooping on their property.
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If someone were in my front/back yard taking a shit (which has happened to my next door neighbor on the corner), I'd be notified due to my cameras. Because of the multiple break ins, vandalism, car theft attempts and other issues, I'd do well to assume they were armed (because some have been). I wouldn
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I'm not a "trumper" or gun-nut (I own two guns only, one long gun and one pistol). However, if you think there is no reason something like this could happen, I think you are being unrealistic and probably never had to run someone off your property who laughed at you until you came out with a gun (true story).
If you shoot someone who is pooping on your property, and especially if that person turns out to be unarmed, you are likely to find yourself on the wrong side of the law. And that's exactly what I meant by, "Love how much this equally applies to the moron who believes they are justified in shooting a man for pooping on their property."
It may be a "very tense situation" for you. It might be "very easy for (you) to make a mistake." You might "get jumpy" and shoot an unarmed person due to "past bad experiences
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Honestly, I'm not sure what your point was.
My previous point is that not everyone is a gun-crazed "trumper" just making excuses to hurt someone, but shit can just go sideways in the real world, which you appear not to have to bother with. It was pretty clear. Do you know that libraries offer free courses on reading comprehension? That might clear up some of your problems.
If you feel you might do that, please get more training and/or turn in your gun.
Nah, I have a better idea. Please, go on a home-invasion or robbery spree and test your theories on what "could" or "should" happen, since you speak with such authority.
I never once needed a weapon of any sort.
Good for
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Let's make this easier for you, since you can't tell the difference between "could" and "should".
If you shoot an unarmed person who is actively defecating on your lawn, are you in the wrong or not?
You previously said it would be a mistake. If that happens, should the shooter be tried for homicide?
My previous point is that not everyone is a gun-crazed "trumper" just making excuses to hurt someone, but shit can just go sideways in the real world, which you appear not to have to bother with.
"shit goes sideways" means there was a catastrophic breakdown that devolved into near-chaos. We're talking about shooting someone while they're squatting to poop on the ground outside. The shooting part of that is
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FWIW, I'm not trying to take away your guns
Don't care. You're not smart or powerful enough to make any difference whatsoever.
though I'm starting to question if you, specifically, should have one
I have a couple. Your approval wasn't required for ownership.
We're talking about shooting someone while they're squatting to poop on the ground outside.
Have you been outside your parents basement lately? You see, son, in the real world, mistakes can happen. Did the pooper jump the back fence? Did they act threatening or erratic when confronted? Have they been in the hood before or caused previous problems? Was the area well lit? Did the dog attack them and cause a struggle? Were they armed or did they appear armed?
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We're talking about shooting someone while they're squatting to poop on the ground outside.
You see, son, in the real world, mistakes can happen.
Ah, so you actually agree with me - it would be a mistake to shoot them. You just needed to blow a bunch of hot air while doing so.
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You just needed to blow a bunch of hot air while doing so.
Just because you have the reading comprehension of a three-year old terrier and need to be told everything in multiples don't blame me. You kept asking and kept getting consistent answers, you're just too dumb to know when to stop.
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Go poop on a lawn.
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Try that in a small town
sorta like finding a grocery store or getting a proper education. zing!
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Shooting someone for taking a shit is illegal in every US jurisdiction. If someone gets away with it, it's because of corrupt cops or DAs. No matter where anyone lives, they should treat life as important.
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'm proud of it!
You're a terrorist. Off to Gitmo for you.
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The Proud Boys and Oath Keepers Are Domestic Terrorists
FFS. And Martin Luther King was called a violence-inciting, communist threat to America. By the FBI.
I'm a proud "radical" leftist and no friend to right wing groups like that, but go grab a paper bag to breathe in, dude. And learn to question authority.
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"Dress-Wearing Groin-Sniffer?"
Are you using some kind of band name generator?
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Re: Sidewalk (Score:2)
Small dick?
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Might be wearing diapers. I hear it's in style right now.
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Re:Sidewalk to shit on? (Score:3)
Here's the poop-map, FoxBoy. [orlandoweekly.com]
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Missing the point dude. "Pods" have no toilets, no running water. They are literately a fucking coffin.
This is why they should be illegal except as a special purpose hotel. You know why these exist in Asia? Because commuters who work 18 hours a day don't want to commute back to their apartment 2 hours away. They need a place to sleep. They take their shits at work or at the restaurant or convenience store.
It's a symptom of the quality of life going negative. If these places exist, then pressure needs to be
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Pressure needs to be put on the employer to hire more workers and pay them a working wage and limits shifts to 8 hours so the job can get done without people working themselves to death.
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Considering the size of the typical computer geek and that there's just enough room for a twin mattress, I doubt that there will be much fucking going on in those coffins, even assuming that the typical computer geek's going to find somebody to fuck.
Wow. (Score:2)
The WEF is
Re:Wow. (Score:5, Interesting)
About a third of households rent (34% [ipropertymanagement.com]). About 2/5th of renters are in apartments (38% [getflex.com]). And about 2/3rd (65.9% [pewresearch.org]) of renters are below the age of 35.
If you don't know any young people, poor people, or minorities or live in a small town that does not zone for multi-unit properties like duplexes, apartments and condos. Then I can believe that you don't have anyone in your peer group that lives in an apartment. I'm not sure if that informs us much about apartments or it only informs us about you.
I think being in Federal prison would still be preferable than living in SF.
Being poor in any big city kind of sucks. Once you have income and assets and financial stability. There are lots of really lovely places in the SF Bay Area to live, including different parts of SF itself. Although between COVID lockdowns wrecking a lot of the great restaurants, and the tech worker boom then bust that broke up a lot of old neighborhoods. The City isn't quite the jewel that it used to be.
The food in Federal prison is much worse than what you'd find even in the trash in SF. So let's not joke too much about our national embarrassment of a prison system.
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Take away property taxes
That's right [wikipedia.org]
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My property is zoned RA (residential-agricultural). I'm not permitted to build even a duplex on it. And because of the results of the peculation and ground water tests, I cannot have more than two bathrooms among my buildings. This is typical in most of the unincorporated parts of my county. So yes, my original point of zoning applies in my case. And likely your rural area has no need nor permits duplexes, let alone apartment complexes.
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Let's Be Buds appction qustions may viulate (Score:2)
Let's Be Buds application questions may violate the fair housing laws.
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I'd bust ass while working
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Dystopian nightmare stuff:
1) Requiring a key to exit.
2) Cities jacking up housing/rental prices by banning cheap housing.
3) Employers paying people so little they can't afford housing.
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I think the "Requiring a key to exit" is a fire safety code violation?
On my outside door, there is a keyhole on the outside, so you need a key to get in, but a knob in the inside, so you don't need a key to get out. So if I needed to get out really quickly in an emergency, I don't need to spend time trying to find the key.
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Maybe it sounds like dystopia, but it somewhat describes Tokyo. And that housing problem has been going on for a very long time. And yes, they have a homeless problem as well, they just keep it well hidden.
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Re: Wow. (Score:2)
Re:Wow. (Score:4, Insightful)
This is like some sort of dystopian nightmare. Heck, I wouldn't even consider the idea of living in an apartment let alone this. All my friends also live in houses (without roommates). I don't think I know a single person who rents. The "Let's Be Buds" FAQ states that utilities are not included and people have mandatory chores. In the town where I live the only folks living in such a communal arrangement are prisoners. I think being in Federal prison would still be preferable than living in SF
What you call dystopian a liberal voter calls acceptable.
You get what you vote for. Fuck ‘em if they refuse to learn, because I refuse to believe their “victim” excuses anymore. It’s hardly Americas fault San Francisco has turned into a shithole. That’s on the citizens of SF.
SF is no different than any other city other than having a climate that makes it easier for the homeless to not die of exposure. Cities are dirty, cramped places. I don't understand why people willingly choose to live in them, but they do. They vote liberal because they lean young, and young people lean liberal.
Their politics have almost zero to do with cities being s**tholes. Republicans manage to turn beautiful places into s**tholes just as quickly. They just ruin things in different ways — Democrats by not mandating psychological treatment for people who are wandering the streets because of severe mental health problems and by allowing them to ignore the rules of society without consequence, Republicans by cutting funding for the mental health services that they need to keep them off the streets and by throwing people into jails where they don't get adequate mental health treatment and end up coming out even more screwed up than they were when they went in.
Both parties absolutely suck, and people who claim otherwise are kidding themselves.
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SF is no different than any other city other than having a climate that makes it easier for the homeless to not die of exposure. Cities are dirty, cramped places.
Plenty of cities are not dirty, cramped shitholes. It's just that the US likes to make them that way. Loads of European, Australian and even some Asian cities are clean and liveable. SF is just suffering from what happens when rents get unaffordable, pod hotels are not new. Hell, it's been common in Europe for people to rent small M-F bedsits close to work and go out to their large, cheap country homes on the weekends for decades. SF isn't as big as London, New York or Tokyo but the fact the home owners th
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Poop sidewalks are rare, and it's magnified by right wing news commentators to be a major problem.
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Poop sidewalks are rare, and it's magnified by right wing news commentators to be a major problem.
Why are people so outraged when there's human shit on the sidewalk? Dogs do it all the time, and it's regarded as a minor nuisance, not a cataclysm.
I'm not American but I assume their humans have more rights than their dogs. So why is there a conversation about shooting people for shitting on a sidewalk? Do we shoot dogs for doing it? (Note that I'm not entirely against the latter)
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Because Fox keeps turning this into a meme. A meme that California is a literal shithole, hellhole, etc, and that Bangyersis Alabama is a paradise. Like that time when everybody and their aunt was talking about needles on every beach in New Jersey, blown out of proportion but didn't stop people joking about it.
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If we don’t understand why people willingly choose to live in them, then do we understand why most young liberals eventually become conservatives as they age and become wiser about how their political views affects them directly?
That's not really an accurate way to describe it. As people get older, they become less able to adapt to change. Becoming more conservative is a natural part of the brain aging process.
Ironic how rooting for more socialist programs tends to die like a fart in high wind when liberals start earning real money and realize those tax deductions are suddenly “unfair” when it’s their paycheck.
Conservatives always say this, but that doesn't make it true. There are plenty of very wealthy people who earn real money and still pay lots of money in taxes. To them it is about responsibility — from those to whom much is given, much is expected. And while being wealthy does make some people more fiscally conserv
Slum Lords 2.0 (Score:2)
As a former landlord, this pisses me off. We've kept our properties in order and charged reasonable rents, and most of the other landlords I know do the same. But when people think of lan
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Are citizens allowed to live with those densities?
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Solution: don't apply for the permit and just let the place. Works especially well if its your own workers you're hou
Fuck "The City" (Score:2, Interesting)
the city deemed the situation illegal
Well...fuck "The City".
Another example of government doing anything it can to make existing illegal.
Can't afford rent? Tough shit loser.
But don't fret. Those of us with homes and businesses will complain that you're "dirty" and making our community look bad--so we'll get government to make your existence illegal and (if you're lucky) ship you somewhere else.
Living in a cardboard box? It's illegal to live in a cardboard box on public land. You're just gonna have to magically come up with $10k for fi
renter have rights and even hotel guests but you d (Score:2)
renter have rights and even hotel guests but you don't want places to shout them. Also will the owners do hardtime when there unsafe pods have an fire that kills people?
Re:Fuck "The City" (Score:5, Informative)
When I read the part about a lock on the exit, I was immediately reminded of this [wikipedia.org], but a more recent example of free, unregulated living arrangements familiar in the Bay Area would be that [wikipedia.org]. So yeah, those evil regulators, ruining everybody's lives. Oh, the horror!
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When I read the part about a lock on the exit, I was immediately reminded of this [wikipedia.org], but a more recent example of free, unregulated living arrangements familiar in the Bay Area would be that [wikipedia.org]. So yeah, those evil regulators, ruining everybody's lives. Oh, the horror!
+1 Informative ... if I had Mod points
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While it was exactly a lock or pods, there was an illegal airbnb in montreal which killed a few people by not following fire code: https://montreal.ctvnews.ca/fa... [ctvnews.ca]
Never enough houses (Score:4, Insightful)
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Other places in America don't have this problem, just the Bay Area.
In Houston, you can still rent a decent 2-bedroom apartment for $1,400 a month. Find one roommate, and you've got a full apartment for the same price as these pods.
People in American who live in its dense cities think it's overcrowded. In 37 states, the entire state population is less than the population of the Bay Area.
Don't want to live in a bed pod? Consider moving somewhere, anywhere else.
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No, not just the Bay Area [usnews.com]. (San Francisco is only #6 on the list.)
Not anywhere else. Typically, young and/or single people want to be where there's actual stuff to do including nightlife, not to mention jobs.
With the possible exception of Austin, there's nothing special about anywhere in Texas, not to mention that you roast in the summer and freeze in the winter d
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I'll grant your "expensive places to live" list is more than just the Bay Area.
As for "anywhere else"...pick your poison. Don't like hot weather? Texas isn't for you. Don't like cold weather? Northern states aren't for you. Want affordable living? California isn't for you. Whatever, everybody has something they don't like about every place.
As for "stuff to do," most people don't realize that Houston's Theater District is second only to Broadway in terms of theater seats. https://www.visithoustontexas.... [visithoustontexas.com] It
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There have been *zero* rolling blackouts since the "Big Freeze." Ercot is asking for conservation right now as a result of unusually warm weather for this time of year, when many generators are offline for maintenance. It's common for generators to undergo maintenance this time of year, because there i8s normal low usage this time of year. It does *not* usually reach 95+ temperatures in May.
A freeze (in a state that doesn't normally experiencing deep freezes) is just as much a natural disaster as a rainstor
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Too many people in the Bay Area maybe. There are plenty of cities where there's room for more people, but no jobs, so that's why not so many people live there.
Re:Never enough houses (Score:4, Insightful)
Italy and Japan have shrinking populations. We would too, if it weren't for immigration. However our population growth rate is still low, and if it were any lower we'd be facing serious economic and social challenges. Sure, a shrinking population would drop housing prices, but we are far from having so many people there isn't space to fit them. Our real problem is seventy years of public policy aimed at the elimination of "slums" and the prevention of their reemergence.
If you think about it, "slum" is just a derogatory word for a neighborhood with a high concentration of very affordable housing. Basically policy has by design eliminated the most affordable tier of housing, which eliminates downward price pressure on higher tiers of housing. Today in my city a median studio apartment cost $2800; by the old 1/5 of income rule that means you'd need an income of $168k. Of course the rule now is 30% of income, so to afford a studio apartment you need "only" 112k of income. So essentially there is no affordable housing at all in the city, even for young middle class workers. There is, however a glut of *luxury* housing.
In a way, this is what we set out to accomplish: a city where the only concentrations of people allowed are wealthy people. We didn't really think it through; we acted as if poor to middle income people would just disappear. In reality two things happened. First they got pushed further and further into the suburbs, sparking backlash by residents concerned with property values. And a lot of people, even middle-class young people, end up in illegal off-the-book apartments in spaces like old warehouses and industrial spaces.
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Handy for nomads, the young, and domestic abuse (Score:5, Interesting)
A long time ago, I was living with a girlfriend and things got really bad really fast. She hid a substance abuse issue from me and when she lost her job and fell into a pit of depression, started using...she started getting violet when I'd confront her about it. While I am literally twice her size, I wasn't fearful for my safety, but she took a swing at me while high. She's no fighter and gave lots of warning, so effortlessly stepped back and she fell without me touching her...broke her wrist. I was really she didn't lie to the police because they were questioning if she was a victim of domestic abuse in the ER. I needed to get out. I just moved to that city for her, so all my local friends were coworkers and I didn't want to look unprofessional, so I got a shitty hotel and staying a few nights there cost a lot more than $700.
So yeah, cheap housing is handy: New job, domestic abuse or drama...or for people who are generally nomadic or need short-term housing. In fact, I can imagine a lot of women wanting these because they basically live at their boyfriend's house. Why have a huge place of your own when you can have a small bed to sleep in when the BF is not around? My wife paid rent at an apt she never was at when we were dating.
Now that I am in my 40s?...I wouldn't consider one unless I was going through a divorce and didn't have kids. But when I was younger, I would have loved it.
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I don't get the curtain (Score:2)
I'd want some sort of lockable door / hatch, at a minimum.
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I'd want some sort of lockable door / hatch, at a minimum.
And you can probably have that. For $200 more a month.
It’s the 21st Century. We sell privacy at a premium now.
Originated in Japan (Score:2)
...Sing it! [youtube.com]
Just don't live in that cesspit of a city (Score:3, Insightful)
Don't get me wrong, San Francisco the PLACE is beautiful, absolutely stunning. The Bay, the Point - some of the most consistently beautiful geography on the planet.
But the people of the city (at least, the ones that run it, who are elected to that position by the others) are the fucking worst humans. They have failed to run the city so badly that they have a full time crew to JUST pick up human feces?
At what point can one consider one's city government failed, if not that?
Do you know that at the same time they were criticizing Texas for sending them busses of illegals (despite their status as a 'sanctuary city' suggesting that they want them), THEY WERE THE FIRST city to implement 30+ years ago a program where the city would pay homeless 1 bus fare to go anywhere else but SFO?
Reminds me of a scifi dystopia in Lexx (Score:2)
Is growth really improving San Francisco? (Score:2)
Growth draws people whose presence destroys most of what makes a location desirable. There are too many people in SF for available space.
Should their presence be facilitated?
Is there a right to infinite overcrowding?
Is government obliged to facilitate infinite overcrowding?
How socially desirable is concentrating the tech gold rush in SF? Who besides the ultra-rich benefit from concentration?
What are better ways to grow the economy than passively accepting overwhelming urban population growth?
Not for 700$ (Score:3)
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I am not familiar with that monetary unit. How does it compare to USD?
What happened to suburbia? (Score:2)
I'm not american. I thought everyone there wanted to live far from town in a cute suburban neighborhood or a small town etc... confused
The tech gold rush happened (Score:2)
People are simple herd animals and flock to cities because the know no better. Desirable burbs are also in demand (the US population is not small) but tech is so tempting because it's not manual labor.
Loss of SRO's was intentional (Score:2)
Aren't these just glorified SROs?
Wikipedia: "Since the 1970s and 1980s, there has been an increasing displacement of SRO units aimed at low-income earners in a process of gentrification, with SRO facilities being sold and turned into condominiums.[6] Between 1955 and 2013, almost one million SRO units were eliminated in the US by regulation, conversion or demolition"
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Men posing as women, combined with the DEI culture, will end in sexual assault and lawsuits.
(The American Litigation Complex) ”Duh. Why do you think we’re sitting back and not fighting against it.”
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I know all the bigwigs love real estate, but if that market collapsed the entire country will be far better off, because resources could be better used.
One of the main reasons WFH is being attacked by corporations, is because of all of the investments in commercial real estate.
The same kinds of investments that likely exist in YOUR 401K or IRA.
Be careful what you wish for when you speak of collapses. You just might get it.
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Who cares about the IRA or 401k. Having opportunities provided via affordable real estate will mean a lot more than Blackstone turning another record profit.
That "oh, watch your 401k" argument is bullshit. Many people don't even have a 401k, and if the stock market took a shit, it would actually improve their lives as things were made affordable again, when those bubbles burst.
Who cares about an IRA or 401k? The person who is too old to not consider retirement and reliance on it. That’s who. Time waits for no one. Including those retiring today. And tomorrow. And next week.
Tens of thousands of people lost their jobs when the stock market took a shit last time in 2008. If employment is the bubble you’re expecting to “pop”, then you’d be accurate. Otherwise, stop pretending you know what will happen after a crash. The real criminals who own mo