1200ca.jpgThe Chronicle’s CW Nevius has critiqued SF’s property renters, claiming that “we only care about what we own,” but caring is apparently only for the profligate: in a recent Trulia.com study, they’ve found that San Francisco is the 9th best city to rent rather than buy property in.

Their findings come from a rather easy formula of simply dividing the average list price by average rent. The resulting number determines whether you’re better off renting, buying, or doing either depending on circumstances. And, hey, when you do that, those uncaring renters of San Francisco appear to come out ahead. Way ahead.

Admittedly, it’s not a perfect formula, but this study feels believable when you take a look at this Curbed article listing the nation’s most expensive one bedroom properties.

SF’s own 1200 California nears the top of the list, with a one bedroom property you can buy for only $2,895,000. Oh, and $1,611.89 in monthly “maintenance” fees, “which includes 24 hour doorman, resident manager, premium cable TV, window cleaning, heat, electricity, water, laundry and guest parking.”

Yup, that’s a monthly maintenance fee in excess of what most folks spend on a one-bedroom in SF. That’s a lot — a massive amount — of caring.

Photo proof that rich people might shit too: 1200 California

the author

Always in motion. April Siese writes about music, takes photos at shows, and even helps put them on behind the scenes as a stagehand. She's written everything from hard news to beauty features, as well as fiction and poetry. She most definitely likes pie.

Please make sure your comment adheres to our comment policy. If it doesn't, it may be deleted. Repeat violations may cause us to revoke your commenting privileges. No one wants that!
  • Greg Dewar

    I am getting tired of this “renters are evil” bullshit that folks like CW and the gang at the SF Realtors pump out every election cycle. SF real estate is way overpriced for what you get, and it’s not realistic to think that everyone will be a homeowner. Plenty of people have reasons not related to income as to why they don’t want to buy a place – that doesn’t mean they are 2nd class citizens.

  • Greg Dewar

    I am getting tired of this “renters are evil” bullshit that folks like CW and the gang at the SF Realtors pump out every election cycle. SF real estate is way overpriced for what you get, and it’s not realistic to think that everyone will be a homeowner. Plenty of people have reasons not related to income as to why they don’t want to buy a place – that doesn’t mean they are 2nd class citizens.

  • sfbird

    Yeesh, $3 million and it’s tacky as hell. White marble, blonde wood and gold fixtures? It’s like something a Russian mobster would pick out. The only thing that’s missing is a white tiger on a gold chain.

  • sfbird

    Yeesh, $3 million and it’s tacky as hell. White marble, blonde wood and gold fixtures? It’s like something a Russian mobster would pick out. The only thing that’s missing is a white tiger on a gold chain.

  • Eve Batey

    Oh haha sfbird! YES.

    You know the pictures totally made me think of? There were these pictures of the Shah of Iran’s plane (which he lived on) in Life magazine when I was a little kid, and I remember it looking A LOT like this place, right down to the fixtures.

    Seriously, I can’t remember my husband’s cell phone number, but I remember those pictures so clearly. This probably bodes poorly for my more senior years.

  • Eve Batey

    Oh haha sfbird! YES.

    You know the pictures totally made me think of? There were these pictures of the Shah of Iran’s plane (which he lived on) in Life magazine when I was a little kid, and I remember it looking A LOT like this place, right down to the fixtures.

    Seriously, I can’t remember my husband’s cell phone number, but I remember those pictures so clearly. This probably bodes poorly for my more senior years.

  • variable455

    …so you rent for 5 years.. what do you have when you move? nothing.

    …you pay a mortgage for 5 years at least you get some equity back.

    ..coming out ahead meaning what? $ per month?

  • variable455

    …so you rent for 5 years.. what do you have when you move? nothing.

    …you pay a mortgage for 5 years at least you get some equity back.

    ..coming out ahead meaning what? $ per month?

  • whosthatdog

    ORRRR

    you can pay your mortgage for five years and then be underwater and totally screwed. as a renter on a month to month lease i can walk away anytime and i don’t have to pay for any repairs to my place as a bonus. my oven that broke last year two days before thanksgiving? fixed with a rush charge – but free to me.

  • whosthatdog

    ORRRR

    you can pay your mortgage for five years and then be underwater and totally screwed. as a renter on a month to month lease i can walk away anytime and i don’t have to pay for any repairs to my place as a bonus. my oven that broke last year two days before thanksgiving? fixed with a rush charge – but free to me.