Here is some unsolicited advice from an older person to a younger person in the Bay Area. Buy a house that you can afford, now. Maybe in Tahoe or Sacramento e

Here is some unsolicited advice from an older person to a younger person in the Bay Area. Buy a house that you can afford, now. Maybe in Tahoe or Sacramento even. Or out in the country somewhere. Maybe you'll have to live in your car in San Francisco during the week and visit your house on the weekends. But it will be YOUR PLACE. And here is what will happen financially. On a long enough timeline, California real estate goes up. If the value stays completely flat, you will build equity and own something that you can eventually sell for use toward your down payment for your next house. You will have the option to AirBNB it. You'll be able to invite your other awesome young friends on weekend getaways. The key to this entire thing is the "you can afford it" part. If you found a place for $100k we are talking maybe $700 a month. If the value goes down 10%, it doesn't change anything for you long term, you can still afford the $700 a month.