San Francisco Rent Is So Insane, This Guy Lives in a Box for $508 a Month
This is what San Francisco real estate looks like today: A guy built a box to live in, and he’s paying $508 a month to live in it.
San Francisco is the most expensive place to rent an apartment in the country. The average rent for a one-bedroom apartment in San Francisco in March is $3,590, according to the rental listing site Zumper.com. That’s $310 more than the average one-bedroom rent of $3,280 in New York City. And it’s more than twice the $1,700 it costs to live in Seattle.
That’s why a San Francisco-based illustrator, Peter Berkowitz, built himself a box to live in.
He calls it a pod, and it’s parked, if you will, in his pal’s living room. He pays $400 a month in rent to the purveyor of said living room. The fixed costs of building the pod were $108 a month, if you average the costs out over a year. That’s where he comes up with the $508 monthly cost, according to a blog post Berkowitz wrote about his adventure.
“Yes, living in a pod is silly. But the silliness is endemic to San Francisco's absurdly high housing prices,” writes Berkowitz, 25, in his blog post. “The pod is just a solution that works for me.”
Plus, living in a pod isn’t so bad, at least according to Berkowitz. He says that with a bit of innovative design, his pod is pretty comfy. (We have embedded a handful of snaps below.)
“People are typically surprised that I would want to live in a pod, but I think they tend to underestimate how pleasant a pod can be if it's designed smartly. It's the coziest bedroom I've ever had,” writes Berkowitz. “It's the only bed I've had with a fold-down desk, a slanted and cushioned backboard, and uniformly ideal light for reading (I can read comfortably from anywhere on my bed. This sounds trivial but isn't.).”
Pod-living is a more functional alternative living situation than hanging a partition curtain because it offers more privacy and quiet, says Berkowitz. And he would like to help others build a pod, if they are interested.
Turning to a pod wasn’t a desperate last ditch effort to find a warm place to put his head down at night. Berkowitz was subletting apartments in San Francisco before turning to pod living.
“I'm by no means in dire straights -- I can and could afford my bills -- but I just saw this as a way to pay less of them without (as I perceive it) giving up anything of much value,” says Berkowitz in an email with Entrepreneur.
To be sure, Berkowitz isn’t the first to find a work-around to San Francisco's sky-high rent. A young software engineer has been living out of a truck parked in the Google parking lot for more than 10 months and he’s charting his savings.
A pod. A truck bed. The stuff Silicon Valley dreams are made of.
Catherine Clifford is senior entrepreneurship writer at CNBC. She was formerly a senior writer at Entrepreneur.com, the small business reporter at CNNMoney and an assistant in the New York bureau for CNN. Clifford attended Columbia University where she earned a bachelor's degree. She lives in Brooklyn, N.Y. You can follow her on Twitter at @CatClifford.