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Hmmm… this does not jive with personal experience. Almost everyone I know in my boomer parents generation bought large homes with land on a single income and no
by _yb2s 2y ago
Hmmm… this does not jive with personal experience. Almost everyone I know in my boomer parents generation bought large homes with land on a single income and no college degree, and still have them… which they sit in alone, with entire floors of empty bedrooms they never enter. Most of my millennial friends have dual graduate degree dual six figure incomes but pretty much have to rent because a mortgage on a small single family home would not leave enough money for childcare so they could keep working. They technically could buy but they’d be stretched so thin it would be really hard, so they don’t.
For example, take home pay from two 100k salaries is about $11,850/mo total. A mortgage, taxes, and insurance on a 1.1 M home (a small 2 bedroom that needs work here in the Bay Area) could be $8k/mo, not considering upkeep costs. Childcare for two children would be ~3k/mo, already bringing it even, without food, cars, etc.
- clipsy 2y agoIt always seems to shock HNers, but there is in fact an entire country outside of the bay area where most of the US population lives.
- _yb2s 2y agoSure, where homes are cheaper but salaries are more than proportionally lower, and the chances of a professional couple finding jobs in the same city are low. Which is why people move here…
- RhysU 2y agoDo the majority of people moving to the SF Bay have a two-body problem? I would have expected it overwhelmingly attracted the personally unattached who obtain long-term attachments there.
- _yb2s 2y agoI was talking just about the people trying to buy single family homes- which probably have kids and a two body problem. I sure wouldn't bother even thinking about buying a house in the bay if I didn't have a family.
- ozzcer 2y agoIt's nice to see Americans having to suffer from the bay area peeps what the rest of the world suffers from them tbf
- _yb2s 2y agoComplaining about Bay Area people on HN is like joining a dogsledding forum and complaining about Alaskans
- red-iron-pine 2y agoyou're on an english language forum based in California hosted by a San Fran tech incubator. if you don't want to hear about US issues you're in the wrong place.