Techies are paying $700 a month for tiny bed 'pods' in downtown San Francisco

I moved to sf 7 years ago for work. Let me tell you. This isn’t that insane. Some of my coworkers would share a one bedroom with 5 + people to save money. They can afford the rent in South Bay or east bay. They just want to save enough to put 1m down on a house as soon as possible or they are sending money back overseas or they own a house somewhere else and commute on weekends. I have a feeling those paying for these are making less than 200k a year and don’t want to commute via Caltrain or BART and will shower at a gym. But I could be wrong

For what it’s worth, Wife and I lived in a 2 bedroom literally on the beach for 4k a month and we did it so we weren’t miserable after work and our dogs could enjoy our lives when not working. We ended moving back to Colorado with a nice downpayment during Covid but still.

This will do well cause the mentality of just having a place to sleep is enough. However! I hope this is used by others and not just tech workers.