Sky high rents

The NY Blog www.theslatinreport.com reported a study about housing affordability Tuesday. The National Low Income Housing organization put out their study of the minimum hourly wage required to afford rental housing. The study assumes rent is no more than 30% of income and calculates rents at fair market value. It's no big shocker that San Francisco has the highest hourly wage required to afford market rents. The minimum housing wage to afford a two bedroom in SF is $29.54/hour. Marin county, San Francisco county, and San Mateo county all tied for the least affordable jurisdictions. This isn't new info to those of us who live here. Rental shock is one of the first emotions felt by many newcomers to San Francisco.

To read the study, visit http://www.nlihc.org/oor2005/ .


Tickets to RE Wealth Expo

As reported in my previous post, the Learning Annex real estate wealth expo is next March at Moscone Center. You can also get tickets by pledging to KQED (PBS). For $175 you get two tickets to the event (they are normally $179 each) while supporting public television. To join contact KQEX member services 1 800 568 9999 or go to www.kqed.com .