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Monday, February 11, 2013

Renting out a lifestyle


For those of you that have been with me from the start, I've always complained about the rent being too damn high. People that live in Mountain View and the surrounding areas(Palo Alto/Sunnyvale), know exactly what I am talking about. With the influx of the world's finest engineers to Silicon Valley, it has not been easy finding an affordable place to live, technology companies have been on a hiring frenzy as of late.

This has made the average cost of living around this area go through the roof. It has to be said that the law of supply and demand is clearly at work here. There is a whole lot of demand for apartments close to where I live, but not a lot of places that are relatively affordable. There a few construction sites that will try and alleviate the pressure of the mini-apartment boom and provide a couple of multi-story complexes, but these buildings are only available to those who will pay 2500+ for a single bedroom apartment.
There is only so much I can do before its not worth it to live in Mountain View. Honestly, I love the city, it is the cleanest and safest out of all the cities that I have lived in. It is located in a climate sweet spot and is near many of the biggest retailers. I can see why people flock to this place. 

Eventually, I'll have to do a cost benefit study to see if it is even worth the hassle of moving farther away. I may find that the cost savings might not be worth it in the short term, although if the rent keeps going up I'll have no choice at all but to move. 
If any of you are looking for a place to live check out <-- I wish I got some ad revenue from this.

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