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Have you seen prices outside of San Francisco? It's "okay" in the East Bay, but elsewhere on the peninsula it's just as bad or worse (Burlingame, San Carlos, M
by timcederman 13y ago
Have you seen prices outside of San Francisco? It's "okay" in the East Bay, but elsewhere on the peninsula it's just as bad or worse (Burlingame, San Carlos, Menlo Park, Palo Alto, Mountain View).
- tomkarlo 13y agoSure. I've also seen what their median income looks like. http://www.sfgate.com/news/slideshow/Palo-Alto-families-earn-3rd-highest-median-income-50612.php http://www.sfgate.com/news/slideshow/Palo-Alto-families-earn...
- timcederman 13y agoHave you looked outside Palo Alto? I live in San Carlos, where the weekly median sale price is $1.3m at the moment. Median income is just over $100k. http://www.city-data.com/city/San-Carlos-California.html http://www.city-data.com/city/San-Carlos-California.html
- tomkarlo 13y agoProportionally, that's still a lot more affordable than SF, given that it's almost 50% higher in terms of household income. This is partially due the problems inherent in tracking home values based on median sale prices - by definition, transactions are always going go happen at a value higher than the value of the overall housing stock.
- timcederman 13y ago$70k - $1m median $100k - $1.3m median Proportionately, you're about 10% worse off in SF.
- Domenic_S 13y agoGet a 2k sq ft 4br 2 ba place in Pittsburg for $299k: http://www.redfin.com/CA/Pittsburg/1171-Summer-Way-94565/home/1911125 http://www.redfin.com/CA/Pittsburg/1171-Summer-Way-94565/hom... Commute to SF on BART. Pay no attention to the crime, terrible schools, entire neighborhoods that have been foreclosed or never finished, etc.