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I've been here a few years and FWIW it's pretty darn good right now. Unfortunately I was on the receiving end of it when I had to leave my lease due to things that were beyond my control. I was competing with 1bd apts in Sunnyvale for around $1000 a month. That is truly a steal.

Last year, there are three YC startups in Hacker House. I believe that there will be at least one there this year.

Rental prices are still pretty absurd.

At one point you had to go to open houses with checkbook in hand so you could beg the landlord to take your security deposit if you wanted to have a chance at getting a place. Presumably it's not that bad anymore, even if that prices haven't really flinched.

True. I've lived in the bay area for the past 15 years (Berkeley, Alameda, Oakland, San Francisco, Redwood City, etc.) and nothing compares to the madness that was the original dotcom bubble.