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The 95th percentile household income in the Bay Area is $250k. That corresponds to a house around $1.2 million: well below the median. Your relative position in
by closeparen 2y ago
The 95th percentile household income in the Bay Area is $250k. That corresponds to a house around $1.2 million: well below the median. Your relative position in a housing market that's outpacing inflation is mostly based on when you got in, not your relative income.
- ajkjk 2y agoTrue. But it's only really interesting to think about what people are presently buying houses for (and what makes them want to move) when thinking about pricing effects.
- closeparen 2y agoMy point is I don't think people buying houses at current prices are doing it with wage income, even from very high-income jobs.
- ajkjk 2y agoI mean... tech people are. Even wage workers can get into the millions when stock grants are included.
- closeparen 2y agoYou can look up what tech people make, and what houses on the Peninsula cost. There is very little overlap.