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In reply to the discussion: it will take 29 years for college grads to save 20% down on SF home, study shows [View all]madville
(7,404 posts)4. Don't live in the Bay Area?
I live in North Florida, I have a 1300 sq ft house on one acre that cost $90,000 and the property taxes are $600 a year. It's cheap living, my 15 year mortgage I refinanced is $540 a month with taxes and insurance included.
I only make $60k a year, I couldn't imagine trying to survive on just that in some of those expensive cities.
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it will take 29 years for college grads to save 20% down on SF home, study shows [View all]
Liberal_in_LA
Jul 2015
OP
CNBC says: China has over $28 billion in US housing/property invesments.
misterhighwasted
Jul 2015
#2
Shaking is just the beginning. Fire will be major, just as in 1906. Hills will not be immune.
Auggie
Jul 2015
#50
What's scary is that their calculation for the Oakland MSA isn't much better
Gormy Cuss
Jul 2015
#28
The other issue is family. People who have grown up in an area like that and have family there
pnwmom
Jul 2015
#43
Quite true, and that's happening too in many metro areas. One brings on the other. n/t
RKP5637
Jul 2015
#19
If one industry drives up the prices the other vocations in the area will either
Nuclear Unicorn
Jul 2015
#25