3 ms·

I'm a bit confused by this question because it seems like the only people in my area who can afford to buy houses are software engineers, or at least work in te

• olliej 3y ago
  My guess is that they’re senior engineers. If you’re just beginning now even rent is twice what it was when I started, but starting salaries are not. Houses are easily more than twice what I paid as well, so now you have less money left over to save for a much larger down payment to then get a house with a much larger monthly payment, much higher property taxes, and that’s even before interest rate pain. Not joking in anyway, but if the property taxes on my home were based on the market value not the CA prop13 BS my property taxes now would be more than my mortgage payments. IE even on my current income I could probably not afford my current house, let alone my income from 10 years ago. How the F is someone starting out today - even in tech, let alone anything else - going to afford a home?
  • leros 3y ago
    I see a decent amount of software engineers, designers, product managers, etc buying $500k+ homes somewhere between 25-30.
    • olliej 3y ago
      The cheapest house in our neighborhood recently went for 100k more than I bought my house for, despite my house being larger and not needing the foundation and roof replaced.
  • giantg2 3y ago
    I bought a house after about 4 years in the industry. It's going to be less likely to happen in certain markets, especially if you live in high tax states like CA.