[onlyrealcuzzo]

It WAS within reach everywhere beside the most desirable parts of the most desirable cities.

You only need to put 3.5% down. When interest rates were at 2.75% and PMI is only .5% for 3 years - the median HH could EASILY afford the median house.

At 2.75% - almost 40% of your mortgage payment is principal - even in the first year.

This made the true cost of your housing absurdly cheaper than rent.

[sjg007]

Uh no, not in the Bay Area… or any place that requires a jumbo loan.

[Der_Einzige]

Owning a house is so much better than renting in Portland and you need jumbo loans here.

It's only places like the bay and other ultra hcol locations where renting is cheaper. I specifically bought my house to escape renting in the bay area when my job went remote. I do not want to rent anywhere near Portland. More than Half the rent price for a third of the home prices...

[sjg007]

Right but you can't do that with 3.5% down.

[Der_Einzige]

I did it on 5% down...

[onlyrealcuzzo]

You can get places for under $920k in parts of the bay that aren't the Peninsula, Mill Valley, and SF.