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Well said. If one's plan is to stay in SF long term, and they can afford a house they're happy with, they should go for it.
by ChrisAntaki 12y ago
Well said. If one's plan is to stay in SF long term, and they can afford a house they're happy with, they should go for it.
- klochner 12y agoPerhaps well said, but presented without evidence or even any attempt at a persuasive argument. It's not at all clear to me that one should buy a house in SF at this point in time regardless of one's expectations for staying. It's a crazy market. Do you want to go all-in on up to 500% of your net worth given the market is quite obviously not in equilibrium? The odds are against you getting some great deal here, and there's a very good chance you'll lose several (5-10?) years of accumulated earnings. Leverage goes both ways </rant>