4 ms·

I'm not in SF. The last listing I looked at was 800 sq ft, run down, literally "as-is" property: $500k valuation from Zillow (it's listed for less … but not by

I'm not in SF. The last listing I looked at was 800 sq ft, run down, literally "as-is" property: $500k valuation from Zillow (it's listed for less … but not by much). That's about $2500/mo, in mortgage alone. Decent properties, in suburban areas, at ~$1M. Ir rural areas, yeah, they're cheaper … and salary would get "adjusted" the moment I try that.

bsagdiyev 4y ago
Jesus where do you live? I moved from San Diego to Raleigh, didn't get a pay adjustment and even that place wouldn't be anywhere near that cost here.
- corrral 4y ago
  I'm looking at moving to a significantly nicer [edit: than where I am now, that is], coastal region with excellent schools and within occasional-but-not-daily commute distance of two top-tier US cities, including by rail (some of you may be be able to guess the area, at this point), and the housing prices (4-bedroom with some land, even) are surprisingly affordable. Nothing like that, certainly. Houses within daily commute range of one (but not both) of those cities can be had for way under that, too, some miles away from where I'm looking, especially if you'll accept good-but-not-excellent schools. I guess if you're somewhere insanely expensive and won't go somewhere that's not, then... you're gonna pay a lot for housing. Go figure. "Here's the 97% of the country that's not like that, just throw a dart at a US map and you'll probably hit a place with much cheaper housing"—"No, I won't, because reasons"—"Uh, OK then, kinda sounds like a choice, good luck"
  - usrn 4y ago
    This is what I mean when I say "kicked out." You're forced to move away from everything and everyone you know.
  - moneywoes 4y ago
    Where
    - idkyall 4y ago
      The train comment makes me guess somewhere on the mid-Atlantic east coast: DC, Baltimore, Philadelphia or NYC are all fairly close together, and a train ride from NYC to DC I think is only ~3 hours
charlieflowers 4y ago
Everyone sells 30 years of their future for a house, so you’re competing with that. On top of that, when prices rise people can leapfrog into more expensive houses, and you’re competing with that. Finally there’s a lot of corporate and private investing money in single family housing. It’s fucked up. But many do predict a decline or even crash soon.
nradov 4y ago
Here's a decent 3-bedroom single family house in suburban Cleveland for $395K. https://apps.realtor.com/mUAZ/313q9jxa https://apps.realtor.com/mUAZ/313q9jxa That's just one example but you can find thousands of similar listings all over the country. Outside of high-cost coastal areas, housing is still fairly affordable in most of the country.
- selimthegrim 4y ago
  That’s not the suburbs.
  - deathanatos 4y ago
    I think that's their "point", in that it's an urban home that's "affordable". I.e., if I only chose a city that wasn't part of one of the megalopolises, I wouldn't have problems.
  - nradov 4y ago
    I guess it depends how you define "suburbs", but it's outside the core downtown area. If your prefer a house further out in the suburbs or exurbs then there are plenty of options to pick from. Anyway, the point is that people on HN who have relatively high incomes and job skills, and still complain about lack of affordable housing are mostly just being picky about location. There are options available but it might mean living in a area with shitty weather or not being able to walk to trendy restaurants or among neighbors who don't share your political views. The real housing crisis is hitting people with much lower incomes who are being squeezed out.
    - selimthegrim 4y ago
      I am from Cleveland, that is considered a very nice area these days including the proximity to Steelyard Commons, bars, West Side Market, St Ignatius HS etc
- deathanatos 4y ago
  And, as stated, I would take a "CoL adjustment" by moving there. That particular property falls pretty squarely in the "exception proves the rule" territory for me; it's a 135 y/o dwelling, so I expect you'll be paying more than the immediate price tag. Like too many listings, it doesn't come w/ a floorplan, and with what photos it gives I'm a bit suss on the 3bd/3ba (piecing together the photos, I think we've converted a second story apt.'s LR into a BR?). It's certainly seen a remodel (although … IDK about the taste of the remodel. But let's say taste is unimportant!) No driveway. The backyard is … well it needs work. You're still batting $2k/mo in Cleveland. I'd almost hazard a guess that my CoL adjust would be >$500/mo, but I don't get to know these things, being an employee. There are a few intangibles in my situation that make "move to Cleveland" a "it's not going to happen". There's a point where one needs to step back and ask oneself, if that's what's affordable on SWE's salary, what's affordable on a baker's salary?

bsagdiyev 4y ago

Jesus where do you live? I moved from San Diego to Raleigh, didn't get a pay adjustment and even that place wouldn't be anywhere near that cost here.

corrral 4y ago
I'm looking at moving to a significantly nicer [edit: than where I am now, that is], coastal region with excellent schools and within occasional-but-not-daily commute distance of two top-tier US cities, including by rail (some of you may be be able to guess the area, at this point), and the housing prices (4-bedroom with some land, even) are surprisingly affordable. Nothing like that, certainly. Houses within daily commute range of one (but not both) of those cities can be had for way under that, too, some miles away from where I'm looking, especially if you'll accept good-but-not-excellent schools. I guess if you're somewhere insanely expensive and won't go somewhere that's not, then... you're gonna pay a lot for housing. Go figure. "Here's the 97% of the country that's not like that, just throw a dart at a US map and you'll probably hit a place with much cheaper housing"—"No, I won't, because reasons"—"Uh, OK then, kinda sounds like a choice, good luck"
- usrn 4y ago
  This is what I mean when I say "kicked out." You're forced to move away from everything and everyone you know.
- moneywoes 4y ago
  Where
  - idkyall 4y ago
    The train comment makes me guess somewhere on the mid-Atlantic east coast: DC, Baltimore, Philadelphia or NYC are all fairly close together, and a train ride from NYC to DC I think is only ~3 hours

charlieflowers 4y ago

Everyone sells 30 years of their future for a house, so you’re competing with that. On top of that, when prices rise people can leapfrog into more expensive houses, and you’re competing with that. Finally there’s a lot of corporate and private investing money in single family housing. It’s fucked up. But many do predict a decline or even crash soon.

nradov 4y ago

Here's a decent 3-bedroom single family house in suburban Cleveland for $395K. https://apps.realtor.com/mUAZ/313q9jxa https://apps.realtor.com/mUAZ/313q9jxa That's just one example but you can find thousands of similar listings all over the country. Outside of high-cost coastal areas, housing is still fairly affordable in most of the country.

selimthegrim 4y ago
That’s not the suburbs.
- deathanatos 4y ago
  I think that's their "point", in that it's an urban home that's "affordable". I.e., if I only chose a city that wasn't part of one of the megalopolises, I wouldn't have problems.
- nradov 4y ago
  I guess it depends how you define "suburbs", but it's outside the core downtown area. If your prefer a house further out in the suburbs or exurbs then there are plenty of options to pick from. Anyway, the point is that people on HN who have relatively high incomes and job skills, and still complain about lack of affordable housing are mostly just being picky about location. There are options available but it might mean living in a area with shitty weather or not being able to walk to trendy restaurants or among neighbors who don't share your political views. The real housing crisis is hitting people with much lower incomes who are being squeezed out.
  - selimthegrim 4y ago
    I am from Cleveland, that is considered a very nice area these days including the proximity to Steelyard Commons, bars, West Side Market, St Ignatius HS etc
deathanatos 4y ago
And, as stated, I would take a "CoL adjustment" by moving there. That particular property falls pretty squarely in the "exception proves the rule" territory for me; it's a 135 y/o dwelling, so I expect you'll be paying more than the immediate price tag. Like too many listings, it doesn't come w/ a floorplan, and with what photos it gives I'm a bit suss on the 3bd/3ba (piecing together the photos, I think we've converted a second story apt.'s LR into a BR?). It's certainly seen a remodel (although … IDK about the taste of the remodel. But let's say taste is unimportant!) No driveway. The backyard is … well it needs work. You're still batting $2k/mo in Cleveland. I'd almost hazard a guess that my CoL adjust would be >$500/mo, but I don't get to know these things, being an employee. There are a few intangibles in my situation that make "move to Cleveland" a "it's not going to happen". There's a point where one needs to step back and ask oneself, if that's what's affordable on SWE's salary, what's affordable on a baker's salary?