Housing is so outrageously expensive in San Francisco the city can't hire enough teachers

Housing in San Francisco is expensive.

So expensive, in fact, the city's schools can't hire enough teachers because the cost of living is so onerous.

According to a report from KTVU in San Francisco, the city's school district needs to find 51 more teachers in the 2 weeks before school starts, but is having trouble hiring due to the high cost of living.

According to KTVU, the district received 60 applications for the open positions.

Additionally, the district's superintendent sent letters to existing teachers seeking referrals for candidates to the district.

Lita Blanc, head of the San Francisco teachers union, told KTVU that, "Among young teachers it's their number one concern. I hear it all the time. I can't stay in the district if I can't find a place to live."

Back in May, Business Insider's San Francisco bureau chief Matt Rosoff wrote about how the only thing anybody can talk about in San Francisco these days is real estate.

You should read Rosoff's post for all the gory details, but the highlights include a former colleague that bid $100,000 over the asking price on a home only to find out he and his wife were not among the top six bidders (!).

In the chart below, you can see how San Francisco housing prices have exploded in the last few years. Even more crazy are condo prices - more likely to be the housing option of choice for new teachers - which have roared past their previous record in the last few years.

(via Kim-Mai Cutler)