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Housing is significantly more affordable outside inner city suburbs. And of course everyone wants to live close to their social circle. I want to live in a man
by threeseed 3y ago
Housing is significantly more affordable outside inner city suburbs.
And of course everyone wants to live close to their social circle. I want to live in a mansion by the beach.
But sometimes in life you have to make compromises especially when you're young and that includes working your way up the property ladder.
- epicureanideal 3y agoAnywhere within an hour drive of the SF Bay Area is hugely expensive. Most of California is expensive even away from the big cities. Sacramento is expensive now.
- slymon99 3y agoComparing living near jobs and quality schools to living by a mansion on the beach is quite unfair - people don't solely desire the luxury of cities, they desire the opportunity for themselves and their families. "Working your way up the property ladder"? The median sale price for a house in Westchester County, NY is seven hundred and fifty thousand dollars. With insurance and property taxes and the current interest rate, that's over six grand a month. That's a hair shy of the US median household income (before taxes!). How exactly is a person ever supposed to afford that?
- ipaddr 3y agoThey get in for a small %. Hold for a few years than sell for 1,000,000. They get a loan from parents They rent out their basement They partner up. They buy the lower priced 600,000 home and make repairs themselves.
- sanp 3y agoRelative to income? Every single Metro areas in this list has seen affordability drop significantly (even Hooverville). https://cdn.nar.realtor//sites/default/files/documents/metro-affordability-2022-existing-single-family-2023-07-24.pdf?_gl=1*n1rcxg*_gcl_au*MTk5ODA1MDYzOS4xNzAxMjI3NjM0 https://cdn.nar.realtor//sites/default/files/documents/metro...
- 8note 3y agoThat doesn't mean those areas haven't also gone up a ton