Every area is frothy. You live where you have to live to work where you can find work. The assumption of this saving period is also fairly strong. It only makes

Every area is frothy. You live where you have to live to work where you can find work. The assumption of this saving period is also fairly strong. It only makes sense if you're earning $60k a year or more, and actually can afford to spend less than a third of your income on rent.