Tuesday, October 18, 2016

Price Pique

New appliances...but $4,600 a month?
We could not believe how much landlords were rumored to be charging, so at the beginning of summer we decided to check out new apartment buildings in Foster City. The rumors were false: the rents were much higher than we expected.

The two-bedroom we walked through had state-of-the-art electronics and appliances, but $4,600 a month!?! Sure, it had a nice gym, pool, and rec room, along with secured lockers for Amazon and UPS deliveries, but still...the daily cost was $150, which not that long ago was the tariff for a nice hotel room in the City.

Update: maybe the market is cooling. The website popup now advertises six weeks of free rent (probably for a one-year lease).

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