protip: many SF residents can completely afford homes far outside urban areas. They simply moved money from their brokerage account into the home. The mortgag

protip: many SF residents can completely afford homes far outside urban areas. They simply moved money from their brokerage account into the home. The mortgage, if any, was small to them and is completely serviceable as they were saving for a mere downpayment on a SF or peninsula home, minimum downpayments are often 20% of the home value which would be close to $400,000 of $2,000,000. You typically want to reduce interest payments by putting larger percentages down. They can sell the houses whenever they want and not lose anything or much. Its a store of value that also puts a roof over their head without having to pay someone else every month.