Realty One Group
San Jose, CA
When I was in college the janitors on campus told me there was a graduate student using auditorium as his dorm. He slept in the back until the janitor was ready to close the building. At work my senior clerk told me he packed his belongings put inside his trunk and slept on the fraternity house sofa. He ate there for free. If get caught he would go to another frat house in Evanston, Illinois on Northwestern University campus. Both had jobs they managed to make ends meet. One was a teaching assistant. The other was a beginning professional trying to start his career in government service.
Fast forward, I learned that is becoming popular in most urban where there is a shortage of affordable housing.
In Los Angles there are these rooms for rent. PodShare is a popular one. This is a very clean place that provides basic amenities for the professional working people. Cost a month rent is $1400 and it offers more than renting a room. They come with shared kitchen, laundry room, TV, wifi and some even have a view of beach in high rental cost neighborhood. PodShare has 5 places so one can hop around if there is a vacancy. Other go for more barebone pod. There has been studies and find many do not mind a simplistic approach of life. Most own 30 items. In fact, young professionals are more opt to store their belonging digitally in the cloud. As mentioned here Johnson is a business owner. He even trashed his backpack and rent an office by the hour and use gym to do his launday. His has a suit case, a bike and is content with his life style.
Here in Silicon Valley there has been several blogs posted by myself. Some live inside a boat, a converted truck. Some decide to get a recreational vehicle and live in places like Palo Alto, Mountain View as this photo suggests.
Source: San Jose Mercury News
Companies like Google provides meals for free. The dental care, dry cleaners, barber shop, massage are all around the campus within walking distance. The only service not subsidized or provided is housing. A RV would be a great alternative to beat high cost of housing. For a two bed condo with some amenities the going price has doubled and half (2.5X) since the Great Recession. Most are going just under $1,000,000.00 with ~$500.00 HOA fee on top. They are not great rentals as some investors are losing $2,000 a month hoping for stellar further growth.
If you want to know more about Silicon Valley housing and where to buy please check out my site or call.
I've called San Francisco South Bay home for over many years. We love this area and all it has to offer, and I enjoy sharing what I know about homes. I documented in several books about Silicon Valley history.
I have much expertise in real estate and technology...please give me a call.
Silicon Valley Realtor Sam Shueh Website Phone (4-O-8) 425-1601