[quote=EconProf]I love the sense of entitlement from the 22-year old searching for something “clean and new” and costing around $1500.
Surely this can’t be a typical expectation of 22-year olds. At that age, they need to learn to be frugal, live with roomates, discover cheaper neighborhoods, and tough it out.[/quote]
I can’t imagine that it is, either, EconProf. My kid(s) have always rented 85+ yo apts/flats SF where they must now feel fortunate to have at the price they have them for (“clean” or not)! SF now has a pronounced shortage in rental units causing prospective tenants to fight over the available ones and try to outbid each other on rent and deposits. It’s absolute insanity.
None of my kids will be interested in *newer* properties or “new construction” when they get ready to buy a home. It’s not the “newness” that turns them off. It’s the grossly inferior location of *newer* areas to where they’re currently working and living.
I think moving to SF/SV is a GREAT experience for a college student and young worker. They are immediately thrust into “reality” and whatever “sense of entitlement” they thought they were entitled to in their suburban SD “cloistered” existence flies out the window within days of setting foot out the front door of their apt/flat.
I believe rich rewards lay ahead for young graduates who have the fortitude to stay the course and live within their means for years in a place like SF, unsupported by parents. Had they stayed behind in comfy parents’ homes on SoCal, they would have never had the jobs they were able to get there. NEVER in a million years …
