From Bloomberg (link HERE)
Luke Iseman has figured out how to afford the San Francisco Bay area. He lives in a shipping container.
The Wharton School graduate’s 160-square-foot box has a camp stove and a shower made of old boat hulls. It’s one of 11 miniature residences inside a warehouse he leases across the Bay Bridge from the city, where his tenants share communal toilets and a sense of adventure. Legal? No, but he’s eluded code enforcers who rousted what he calls cargotopia from two other sites. If all goes according to plan, he’ll get a startup out of his response to the most expensive U.S. housing market.
“It’s not making us much money yet, but it allows us to live in the Bay Area, which is a feat,” said Iseman, 31, who’s developing a container-house business. “We have an opportunity here to create a new model for urban development that’s more sustainable, more affordable and more enjoyable.”
More HERE
…the San Francisco Bay area. He lives in a shipping container.
I love “area.” Sorta pregnant.
Nothing new here. They are called Shanty Towns. But since cargo containers are hipster Chic, and he’s a ‘disrupter’, he’ll get VC funding and partner with Uber and Air BNB. Nevermind zoning, building codes and basic sanitation. He can easily out maneuver the local government agencies with a little funding (other than SF who will kick your ass till the cows come home), but god help him when the bay area tenant union folks get a whiff of his little project.
Wow! Welcome to Mumbai by the bay!
News like this reminds me of the disparity between the wealthy and the poor in countries like India and especially Brazil. Where just a single street takes you from mansions to cardboard and tin shacks!
But hey, rates are low! Now’s the time to buy, no matter what the price and/or condition!
If it’s worth a million now, it will be worth two million next year!
LOL!
Beam me up, Scotty!