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August 26, 2016

You’ll be homeowner in the Bay Area — and nothing says you’ve “made it” like being able to afford a down payment.

Your spouse hurriedly gets ready for work — you are a two income family and you have to be one for now.
The spreadsheet shows that with only three more years’ savings, you can finally afford that 2 bedroom condo in San Bruno. So what if the weather is shitty 340 days out of the year? At least you’ll be homeowner in the Bay Area — and nothing says you’ve “made it” like being able to afford a down payment. Besides, San Bruno is “up and coming” — and Youtube has an office there. This is Your Life in Silicon Valley – Medium

Posted by gerardvanderleun at August 26, 2016 9:44 AM. This is an entry on the sideblog of American Digest: Check it out.

Your Say

At least you will be able to look out he window at the fog as you recover from the stress induced stroke.

Now tell me it is worth it? Oops, you got some of that drool on yourself.

Posted by: Vermont Woodchuck [TypeKey Profile Page] at August 27, 2016 4:52 AM

I'll tell ya, the SF Bay Area is a great place to move away from. We moved out of Union City, on the cheaper east side of the bay, in 2004, selling our home in the process. We were able to buy a smaller place north of Seattle free and clear and still had money left over to send our kids to college. I've never looked back. Of course, we could never afford to move back to our old neighborhood these days even if we wanted to, the homes there now valued at roughly 50% more than they were when we sold. But as a state CA still has yet to get its crap together, and I have no desire to move back to the immediate Bay Area.

Posted by: Grizzly [TypeKey Profile Page] at August 27, 2016 6:15 PM

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