And before someone suggests moving to silly valley, consider doing so requires accepting a 98%+ chance you will never own a home unless you're willing to put up

And before someone suggests moving to silly valley, consider doing so requires accepting a 98%+ chance you will never own a home unless you're willing to put up with a horrific commute. In most of sf/peninsula detached homes cost $1.5m+. And even a condo is difficult to afford on the salaries available. Home ownership for most of us requires a startup win giving you at least $0.5m after taxes plus you and your spouse both having good incomes. I like living in cities, but I can understand it's not everyone's cup of tea, particularly if you or your upstairs neighbors have kids. And all my friends with kids say the secret to happiness is having local grandparents. Or an au pair. Further, if you live in an economically depressed area, there's no guarantee you can easily or quickly sell your home. Family in CT a little over 2 hours outside of nyc had a house on the market for 8 months before it sold.