[trimbo]

People have been complaining about SF real estate prices since at least 1846. [1]

[1] - https://books.google.com/books?id=GiAa8pLrSTIC&lpg=PA45&lr&p...

[HPsquared]

I guess the prices could collapse a fair bit and still be overpriced.

[pmiller2]

Yeah, especially when you consider that prices just 30 minutes away from SF in any direction are anywhere from 20-60% lower than in SF.

[refurb]

Where? 30 mins is still in Napa to the North, Oakland to the East and San Mateo to the South.

20%? Maybe in a few pockets. 60%? Never seen it. Even the crummy parts of Daly City the homes are $1M now.

[pmiller2]

Current median home price in SF is $1.3M. 60% of that is $780k. You can definitely buy for that in Albany, Richmond, or El Cerrito. The nice neighborhoods in Richmond are basically in the south part of the city, anyway, which cuts down the distance. Unless you're talking about 30 minutes out in hardcore rush hour traffic, these cities will definitely fit the bill.

Daly City fits, since $1M is 77% of $1.3M -- not that I'd particularly like living in Daly City, but it is 23% less than buying in SF.

San Mateo median price is the same as SF, so, obviously, you don't look there for home bargains.

Seriously, just troll Redfin or Realtor.com sometime.

Edit: my bad re: 60%. I should be looking at $520k homes. There are definitely places in worthwhile neighborhoods in that range in Richmond. I've seen them. But, if you revise that number down to 40%, a lot of stuff opens up. So, 20-40% is a better range than 20-60%.