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In reply to the discussion: Owning a Decrepit Shack in The Middle of Nowhere Is The New American Millennial Dream [View all]Mr.Bill
(24,358 posts)1975 to 1984, in Belmont, California which is on the peninsula about 30 miles south of San Francisco. The rent at first was $187 a month, which sounds cheap but I was making $2.25 an hour. In nine years I had five different owners and six managers, one of which was me. During that time as Silicon Valley took off I watched the rent climb to $650. I took the management job to reduce my rent. The rising rent costs were difficult, but in hindsight it forced me to expand my occupational skills and make more money. I found that finding a better job was easier than moving, and the rent was going up everywhere anyway.
I shared a few nice houses with room mates, then finally hopped off the Silicon Valley treadmill and moved 150 miles north to a small town where my parents had retired. I me my wife and I'm still here 30 years later. We are now retired and living in a Senior mobile home park after owning a few houses over the years.
Silicon Valley - You live there so you can work there so you can make enough money to live there so you can work there so you can make enough money to live there...