You need an astronomical salary of $221K/yr top afford Median house in San Jose, $181 in Frisco

OK, what art thou?

What about aspen co

That household income is equivalent of two teachers working in a good district for 10 years. Seems about right.

Where is Frisco? Texas, right?

5x18er wrote:

Where is Frisco? Texas, right?

Nope. It's in Colorado. Just off I-70 between Breckinridge and Copper.

Yikes I'm not a Scientist wrote:

The top 2 Median Priced Housing markets are San Jose and Frisco

San Fran is quite a bit more expensive than San Jose and you don't need that much for the average person to be comfortable. There are some areas of San Jose where you can get a decent 24K sq ft home for around $500K. Where as $500K is a condo fixer upper in the worst part of town in SF.

TrackCoach wrote:

Yikes I'm not a Scientist wrote:

The top 2 Median Priced Housing markets are San Jose and Frisco

San Fran is quite a bit more expensive than San Jose and you don't need that much for the average person to be comfortable. There are some areas of San Jose where you can get a decent 24K sq ft home for around $500K. Where as $500K is a condo fixer upper in the worst part of town in SF.

A 24000 square foot house for 500K?!? Wow! That's a big F$&king house at a reasonable price! I paid 700K for my 3000 square foot house and I don't even live in Cali, let alone the Frisco Bay Area.

TrackCoach wrote:

Yikes I'm not a Scientist wrote:

The top 2 Median Priced Housing markets are San Jose and Frisco

San Fran is quite a bit more expensive than San Jose and you don't need that much for the average person to be comfortable. There are some areas of San Jose where you can get a decent 24K sq ft home for around $500K. Where as $500K is a condo fixer upper in the worst part of town in SF.

I assume you didn't mean a 24,000 sq ft house.

But there are zero places in San Jose where you can buy a decent $500k house.

NY Flop wrote:

But there are zero places in San Jose where you can buy a decent $500k house.

Correct.

TrackCoach wrote:

you don't need that much for the average person to be comfortable. There are some areas of San Jose where you can get a decent 24K sq ft home for around $500K.

And the average tech worker still cannot possibly afford the mortgage.

That's a f$&king big house! wrote:

TrackCoach wrote:

San Fran is quite a bit more expensive than San Jose and you don't need that much for the average person to be comfortable. There are some areas of San Jose where you can get a decent 24K sq ft home for around $500K. Where as $500K is a condo fixer upper in the worst part of town in SF.

A 24000 square foot house for 500K?!? Wow! That's a big F$&king house at a reasonable price! I paid 700K for my 3000 square foot house and I don't even live in Cali, let alone the Frisco Bay Area.

Frisco, Colorado??

There is no one forcing you to live there. In fact, there are plenty of places one can live quite reasonably on this planet (just not along the east or west coast of the United States. You could probably find some property quite cheap in South Florida or Southeast Texas right now if you are looking for a bargain.

pop_pop!_v2.2.1 wrote:

And the average tech worker still cannot possibly afford the mortgage.

Assuming what you are saying is true, then the average tech worker should not be buying a house. Juse rent or get roommates.

That's where teh future is being created by immigrants and Americans that's

why home prices are unreal.

Wow . . . that's Ed Chez money there.

No you don't need a 221k salary. You need a family income of 221k. That really isn't much for 2 professionals in the area. 2 good computer engineers with 10-15 years of experience for example are going to be north of 300k.

What is deceptive is what that average house is. You can end up with lots of sales of low end property (300-400k 1 bedroom condos). What most people consider a middle class house (3/2+, 1500+ sq ft, 1/10th+ acre of land, schools that are 5+) is pushing a million in every nonSlummy area. Post East Palto housing as examples of affordable places to live just shows an ignorance of the area:)

I lived on the Peninsula in the early days of the first boom, and it was heaven on earth. Housing available for all classes, plentiful employment across the board, the city itself was grainier and edgier but also much more open and welcoming.

The current-outrageously-expensive cities on the Peninsula were filled with normal, middle class people. Middle-class Joe and Molly could afford to live anywhere from city neighborhoods to San Bruno, to San Mateo, Millbrae, Burlingame. The entire Avenues was middle-to-lower middle class and affordable as hell if you could handle the fog and chill. The entire venture capital, tech bro, "disruptive" bullssshit thing hadn't gained traction yet, and it was just a wonderful place to live, recreate and work.

I hate to even visit the Bay area anymore. Overstuffed, overpuffed, filled with clowns like those on the HBO show, scarcely any normal middle class anymore, the entire place has become gentrified, yuppified, froo-froo-fied, it just is a phukking shhiit place now. If spending time in SF doesn't make one HATE rich people and their entitlement, something is very wrong with them. You younger folk who live there have no idea how wonderfully livable SF was before tech ruined it.

TrackCoach wrote:

Yikes I'm not a Scientist wrote:

The top 2 Median Priced Housing markets are San Jose and Frisco

San Fran is quite a bit more expensive than San Jose and you don't need that much for the average person to be comfortable. There are some areas of San Jose where you can get a decent 24K sq ft home for around $500K. Where as $500K is a condo fixer upper in the worst part of town in SF.

You mean a 2,400 sq ft house. A 24k sq ft house for $500K would likely be one in Houston built by an banks of what appeared to be an idyllic river that is still under water days after the flood.

When would you say was "the first boom"? I've lived in the Frisco Bay Area since 1983 and it's always been tough to get into decent housing (though not nearly like it is now).