Current Events > So.... who actually lives in those luxury apartments?

(+) Yeah! (+)

I always see them being built here in downtown San Francisco yet I have a hard time imagining most people can afford the rents there (even pre-pandemic)

$4000-5000+ (or more) per month isnt exactly chump change.... just saying...

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a lot of them stay vacant. At least in my area.

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They just built those in my town that's getting more and more shootings as time goes on. I dunno who they're trying to fool >_>. I doubt many people care to live here that can afford them


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The ruling class.

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Arent there a lot of six figure income jobs there? Probably young single people working at one of those places

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Cockroaches

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A lot of them are probably bought outright with cash offers made by foreign investors. Certain cities like Miami have a significant problem with this and the growing number of unoccupied properties doesn't really matter to the people selling them because they're getting bought. It's one of the reasons why you've seen some candidates float the idea of a tax or a fee levied against someone who owns a property but doesn't live in it.

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Tired-Insomniac posted...

Arent there a lot of six figure income jobs there? Probably young single people working at one of those places

Yeah but the cost of living is also astronomical in San Francisco so $100,000/year is absolutely nothing here

Just imagine how bad it is for people here who dont make big money

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The rich

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And you may find yourself living in a shotgun shack
And you may find yourself in another part of the world
And you may find yourself behind the wheel of a large automobile
And you may find yourself in a beautiful house, with a beautiful wife
And you may ask yourself, "Well... how did I get here?"

Letting the days go by, let the water hold me down
Letting the days go by, water flowing underground
Into the blue again after the money's gone
Once in a lifetime, water flowing underground

And you may ask yourself, "How do I work this?"
And you may ask yourself, "Where is that large automobile?"
And you may tell yourself, "This is not my beautiful house"
And you may tell yourself, "This is not my beautiful wife"

Letting the days go by, let the water hold me down
Letting the days go by, water flowing underground
Into the blue again after the money's gone
Once in a lifetime, water flowing underground

Same as it ever was, same as it ever was
Same as it ever was, same as it ever was
Same as it ever was, same as it ever was
Same as it ever was, same as it ever was

I live in a luxury apartment in Seattle. Sometimes I wonder why, though. I could just buy a house.

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Chinese people buy them and they sit vacant.

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Orlando_Jordan posted...

I live in a luxury apartment in Seattle. Sometimes I wonder why, though. I could just buy a house.

Bingo

Orlando_Jordan posted...

I live in a luxury apartment in Seattle. Sometimes I wonder why, though. I could just buy a house.

Maybe the amenities? Overall atmosphere of the place?

Honestly id just buy a house because at least youd (eventually) own it

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A house is also a full-time job though, with the constant upkeep and repairs and such that you have to do and pay for 100% by yourself

At least in my case most of the big jobs are the landlord's responsibility

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Very rich people. I would assume some are rented by companies for traveling workers.

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YourLovelyTina posted...

A house is also a full-time job though, with the constant upkeep and repairs and such that you have to do and pay for 100% by yourself

At least in my case most of the big jobs are the landlord's responsibility

I used to think like this too, so I see where you're coming from, but just get a home warranty and it's like $75 for when something breaks. Besides, they don't break as often as you might think.