Berkeley CSUA MOTD:Entry 41320
Berkeley CSUA MOTD
2019/04/18 [General] UID:1000 Activity:popular

2006/1/10-12 [Finance, Finance/Investment] UID:41320 Activity:very high
1/10    dim-- 19 floor high rise building in the middle of the city,
        starting price: $1.5 mil. All sold out before they're even
        finished:    Here's a
        data point for you. All the 1 bdrm high-rise condos in this area
        start at $600K. Still think the city is full of poor people?
        \_ Or just go to Miami and drive up and down the coast.  All
           those condos.
        \_ Which city in "Still think the city is full of poor people?" are you
           talking about?
           \_ which city has a notable street called wilshire?
              \_ That's my point.  The "city" in the housing thread below
                 refers to SF.
                 refers to SF.  -- PP
                 \_ Someone who honestly does not know that there are more
                    rich people than poor in San Francisco is not worth having
                    a discussion with.
                    \_ Really?  Here's the household income breakdown
                       according to the 2000 Census:
                       $10K-            9.8%
                       $10K-$14.9K      5.0%
                       $15K-$24.9K      8.5%
                       $100K-$149.9K    13.2%
                       $150K-$199.9K    5.3%
                       $200K+           6.1%
                       What's your definition for rich and poor?  It's not
                       at all obvious to me there are more rich than poor
                       in San Francisco (I'm not sure $100K is really rich
                       here, but $25K is pretty damn poor).  You might also
                       \_ The median income for a household in the city
                          is $55,221, and the median income for a family
                          is $63,545 one of the highest in the United States
                          at 15th place overall and 3rd in a single large city.
                          74k in poverty:
                          By your own (outdated) numbers, 280k making
                          twice the national median, 100k making 3X.
                          By your own (outdated) numbers, 180k making
                          twice the national median, 82k making 3X.
                          \_ Sorry bub, but the median is a terrible measure
                             for the point you're trying to make (which, I
                             have to admit is pretty darned stupid).  Train
                             harder, grasshopper.
        \_ Yes, if the city is called thecalifornianonwilshire, then it has
           more rich people than poor.
        \_ Wilshire and a couple blocks east of Westwood Blvd is a prime
           location, not like the overpriced downtown lofts
           -long-time L.A. resident
           more rich people than poor.  If you are living in the County of
           Los Angeles, then ~35% of the households make less than $30K and
           ~18% make more than $100K.  Now, I'm guessing most of the $100K
           income types are not buying those $1.5M condos.  ~10% make $150K
           or more.  Maybe that's the target demographic.
        \_ Yes, the city is full of poor people. Then again, so is the
           country. If anything, this data point proves my point, which is
           that the quality of living in the city sucks unless you are a
           multi-millionaire. $600K for a one bedroom condo?! Do you want
           to lookup how much a house with a backyard, a FDR, and a family
           room costs in the same area? Which do more people desire based
           on that?
           \_ yes I looked up. All the single family homes in the area
              start at $1.25 mil. This is an area south of Belair, west
              of Beverely Hills, and east of Brentwood. By the way
              they're all old houses that were built in the 30s and 40s,
              and even the $1.25 mil homes look crappy.
           \_ There are some of us who don't want a huge house, and want the
              things you can only get by living in the city.  Why can't you
              just accept this?  I'm not the person attacking the 'burbs or
              the people that live in them, by the way.
              \_ Which is why this whole "debate" is retarded.  It seems to me
                 that part of the point of having money is doing whatever the
                 hell you want.  For some people that's 10 acres of giant
                 plastic gazebos, and for some people that's a penthouse
                 overlooking central park--but the implication that having
                 money somehow implies a specific lifestyle and that the
                 money somehow implies a specifici lifestyle and that the
                 only reason you'd do anything different is that you can't
                 afford it is just dumb.
              \_ I have no problem accepting that people have different
                 preferences. What I have a problem with is the idea that
                 'rich' people prefer the city and that 'suburban' people
                 are all putzes with no sense. However, whether you live
                 in the city or the suburbs, a single family residence is
                 more attractive to more people than a condo or apartment
                 is. Key here: more != all.
                 \_ Uh, you are twisting things 100% from the original
                    assestions that started the debate. Some suburbanite
                    claimed that no one preferred high density living
                    and that everyone wanted a large suburban home.
                    Remember this?
                    \_ Can you read? Most people prefer a SFR to
                       high-density housing, even in the cities. You can
                       confirm this by comparing relative prices.
          "It you stepped back from the class warfare language and pre-judgement
           of those with a life style you can't afford, you'd soon realise
           that "living" in a 650 square foot apartment isn't living.  You
           look at something you might never be able to afford and call it
           irrational.  People who have it can't imagine how you could stand
           to live in a rat hole apartment.  High density housing sucks to
           live in and going skiing a few times a year or having a nice park
           nearby doesn't make up for it."
2019/04/18 [General] UID:1000 Activity:popular

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2013/5/13-7/3 [Finance/Banking] UID:54676 Activity:nil
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2012/8/29-11/7 [Industry/Startup, Finance/Investment] UID:54468 Activity:nil
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2012/9/20-11/7 [Finance/Investment, Computer/SW/Unix] UID:54482 Activity:nil
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Research and interviews conducted by Stephen Bender, Alison Hawkes, Elizabeth Hille, Sarah Mueller, and Moira Potter.
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San Francisco has unique characteristics when compared to other major cities in the US, including its steep rolling hills, an eclectic mix of architecture including both Victorian style houses and modern skyscrapers, and unmatched physical beauty, surrounded by the Pacific Ocean and San Francisco Bay. Enlarge The downtown San Francisco skyline, looking east from the central part of the city. The hills in the background are across the bay in Oakland and Berkeley. Homelessness has been an intractable problem for the last two decades, aggravated by drug addiction and the closing of state institutions for the mentally ill, and encouraged by the nation's largest cash payments to homeless individuals. The city proper is often reputed to be roughly a seven mile square, and in fact is only slightly smaller. The geographical center of the city is on the east side of Grandview Avenue between Alvarado and Twenty-third Streets. A "hill" in San Francisco is an elevation that is over 100 ft (30 m). Twin Peaks, which are a pair of hills resting at one of the city's highest points. About 12km (1 mile) south of Mount Sutro is San Francisco's highest mountain, Mount Davidson, which is over 282 meters (over 925 feet) high. The threat of another major earthquake like the 1906 one plays a major role in the city's infrastructure development. New buildings must be built to very high structural standards, while many dollars must be spent to retrofit the city's older buildings and bridges. liquefaction during earthquakes causes extensive damage to property built upon it, as was evidenced in the Marina district during the 1989 Loma Prieta Earthquake. The most impressive example of an "infill neighborhood" is Treasure Island. It was constructed from material dredged from the bay as well as material resulting from tunnelling through Yerba Buena Island in the construction of the Bay Bridge. It was a site for the 1939 San Francisco World's Fair, and it was originally envisioned that Treasure Island would serve as the site for San Francisco's municipal airport, but it became a Navy base at the start of World War II. In 1997 Treasure Island was returned to the city and it provides a unique vantage point to view the San Francisco skyline. The weather is remarkably cool all year round, characterized by overcast or foggy summers and rainy winters; average daily high temperatures in the summer typically range from 15 to 24DEG C (60 - 75DEG F), while in the winter it hovers between 10DEG C to 15DEG C (50DEG - 60DEG F) during the day but can fall to between 5DEG C and freezing at night. Rain in the summer is quite rare, but winters are very rainy. The Pacific Ocean off the west coast of the city is particularly cold year round with the ocean temperature being about 10DEG C throughout the year. 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It is still possible to take a cable car ride up and down Nob and Russian Hills. Coit Tower, a notable landmark dedicated to San Francisco's firefighters, is located at the top of Telegraph Hill. Current demographic and land use expansion is concentrated in the east and south. San Francisco has the largest Chinese population in America and the largest Asian population outside of Hawaii. The City has the highest percentage of gay families (as well as a large numbers of single gay people) of any American county or large city. Gay men outnumber lesbians, who are more concentrated in the suburban East Bay. The average household size is 230 and the average family size is 322. The median income for a household in the city is $55,221, and the median income for a family is $63,545 one of the highest in the United States at 15th place overall and 3rd in a single large city. Males have a median income of $46,260 versus $40,049 for females. metropolitan municipality, being simultaneously a charter city and charter county with a consolidated government. It is the only metropolitan municipality in California and the only California county with a mayor who is also the county executive. San Francisco is the only California city with a board of supervisors, which is also the city council. San Francisco's unique status also makes it a municipal corporation and an administrative division of the state. It is in the latter capacity that San Francisco exercises jurisdiction over property that would otherwise be located outside of its corporation limit. San Francisco International Airport, for example, would be located within San Mateo County but for the fact it is owned and operated by the City and County of San Francisco. 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Prior to 1977 and again from 1980 through 2000, the San Francisco Board of Supervisors was elected at-large. The person who received the most votes was elected President of the Board of Supervisors, and the next ten were elected to seats on the board. Dan White who had just resigned, district elections were deemed divisive and San Francisco returned to at-large elections until the current system was implemented in 2000. Under the current system, Supervisors are elected by district to four-year terms. The terms are staggered so that only half the board is elected every two years, thereby providing continuity. The President of the Board of Supervisors, under the new system, is elected by the members of the Board from among their number. This is done by secret ballot, typically at the first meeting of the new session commencing after the general election. The Mayor and members of the Board of Supervisors are subject to term limits under the San Francisco Charter. 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