Many rentals have 3-4 people in 1-2 bedrooms.
That’s how they pay $4K for 1BR and $5K for 2BR.
I met a girl who worked at Nordstroms, just moved here from SF, all of her Millennial friends had multiple roommates to keep up with the rent in SF.
In that sense, I think the situation is more sustainable here. There is some inter-generational renting going on (parents plus adult child) but mostly it is larger families with 3-5 kids who need the bigger houses.
In a nutshell, the rents in SD can be supported by 1-2 professional incomes but perhaps not in SF.[/quote]
I think this is a solid example that it’s relative in a way. Like you mentioned above people get used to the prices in places like SF and SD over time and it becomes normal in a way.
