General Discussion

realFedUp

(25,053 posts)

20. Too expensive for anyone outside tech to live there

Thu Jul 9, 2015, 07:34 PM

Jul 2015

I don't have a word about the imbalance of living in the Bay Area and peninsula etc. you almost have to move to Gilroy and commute. Where is low cost housing? Certainly there is plenty of imagination to creat modular low cost housing. For a smart community, it isn't connected well.

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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

Then they'll have a 30 year mortgage to look forward to. pa28 Jul 2015 #1

CNBC says: China has over $28 billion in US housing/property invesments. misterhighwasted Jul 2015 #2

I'm guessing most of that is in the Bay Area eissa Jul 2015 #5

Honestly That has been happening here in Dallas too. misterhighwasted Jul 2015 #8

What do they do with the properites? B2G Jul 2015 #10

rent them out shanti Jul 2015 #34

I have to say jamzrockz Jul 2015 #14

Funny you should mention Omaha. Nebraska Furniture Mart just opened. misterhighwasted Jul 2015 #55

Caliber Homes is listed on some on Zillow SoCalDem Jul 2015 #18

I doubt this bubble is going to last 30 years though. Starry Messenger Jul 2015 #3

Heck, the Big One will make things moot in about 30 seconds ... Auggie Jul 2015 #6

I'm in San Mateo County, but yeah. Starry Messenger Jul 2015 #7

+1,000 CountAllVotes Jul 2015 #27

People have no idea how strong an 8.0 can be ... Auggie Jul 2015 #30

Me too Countallvotes CrawlingChaos Jul 2015 #31

Was living on solid bedrock in the Richmond Dist. of S.F. at that time CountAllVotes Jul 2015 #33

I was in Cupertino for it B2G Jul 2015 #35

I left not long after that too CountAllVotes Jul 2015 #45

Of course you have the New Madrid Fault exboyfil Jul 2015 #52

Nope, now I'm in NC. B2G Jul 2015 #53

Actually... CrawlingChaos Jul 2015 #29

Shaking is just the beginning. Fire will be major, just as in 1906. Hills will not be immune. Auggie Jul 2015 #50

Well, it depends (I've given this way too much thought) CrawlingChaos Jul 2015 #58

What's scary is that their calculation for the Oakland MSA isn't much better Gormy Cuss Jul 2015 #28

It's gotten crazy over there too. Starry Messenger Jul 2015 #32

Don't live in the Bay Area? madville Jul 2015 #4

There are a lot of good jobs in the Bay area. pnwmom Jul 2015 #40

I'd rather make 60k in a cheap rural area madville Jul 2015 #41

The other issue is family. People who have grown up in an area like that and have family there pnwmom Jul 2015 #43

I've been to Florida. I'd rather live in Stockton. LeftyMom Jul 2015 #48

This is pretty stupid...who spends a cool million on their first home snooper2 Jul 2015 #9

Well, we didn't but we bought below market at a good time REP Jul 2015 #36

I assume it's a comment on the SF housing market. Igel Jul 2015 #11

What's the corresponding figure for L.A.? KamaAina Jul 2015 #12

Xposted to California group KamaAina Jul 2015 #13

Forget buying edhopper Jul 2015 #15

Quite true, and that's happening too in many metro areas. One brings on the other. n/t RKP5637 Jul 2015 #19

yes edhopper Jul 2015 #23

Thanks for posting this! This chart was the one on my mind! n/t RKP5637 Jul 2015 #26

The ones buying are more likely to have cashed in on selling their company n2doc Jul 2015 #16

California real estate is just insane Tatiana La Belle Jul 2015 #17

Too expensive for anyone outside tech to live there realFedUp Jul 2015 #20

Gilroy is only 30 miles from San Jose senseandsensibility Jul 2015 #22

Gilroy's expensive now too CrawlingChaos Jul 2015 #24

Gilroy?! haven't been there in decades. garlic capital..right? Liberal_in_LA Jul 2015 #46

Yep, that's the place CrawlingChaos Jul 2015 #47

Used to go to the Garlic Festival there B2G Jul 2015 #54

If one industry drives up the prices the other vocations in the area will either Nuclear Unicorn Jul 2015 #25

Money follows the people seveneyes Jul 2015 #21

That's what Munificence Jul 2015 #37

Hell yeah and thank you! seveneyes Jul 2015 #38

Ah man Munificence Jul 2015 #39

I hope to meet you and your kind off trail seveneyes Jul 2015 #42

1 bedroom house, $435k Prism Jul 2015 #44

You can get a small mansion for that price here in Texas. Rex Jul 2015 #51

Message auto-removed Name removed Jul 2015 #49

So? Why is this a big deal? NashuaDW Jul 2015 #56

Simple solutions for simple minds laundry_queen Jul 2015 #63

Here is how bad it is getting Lonusca Jul 2015 #57

For Pleasanton?!! CrawlingChaos Jul 2015 #59

We used to be Lonusca Jul 2015 #60

Apologies if I'm behind the times CrawlingChaos Jul 2015 #61

You're not behind Lonusca Jul 2015 #62