|
|
|
|
|
by ceeplusplus
1527 days ago
|
|
I see you are out of touch with the housing market. Zillow doesn't give an average but most of the homes listed in Fremont there are above $1.3M, more like 1.5-1.8M if you want something bigger than 1200 sqft. If you filter by >1500 sqft everything starts at 1.5M+. So no, there's no 6000sqft "average" home, these are all starter homes averaging 1.5-1.8M. Then factor in that most houses get 100-200k over asking price during the insane bidding process. > If you make only 100k with no savings or partner you might be priced out of that 6000ft average home. Most people will buy as a couple, have a down payment and get help from parents which puts you at a disadvantage but it is still possible Do you listen to what you're saying? A top 10% earner in the region needs to buy as a couple and get help from parents to afford a _starter home_? So everyone else that's under the 90th percentile is just screwed? > Top 1% nationwide is: 538,926 Top 10% in bay area: 534,600 90th percentile income in 2018 in the Bay was $384k [1]. Someone in the top 10% of incomes should not be struggling to afford a basic home with 3 bedrooms in a mediocre area. [1]: https://www.thecalifornian.com/story/news/2020/01/31/bay-are... |
|
The Bay area numbers I gave are from 2021 source included.
Here are some current prices: https://www.realtor.com/realestateandhomes-search/Fremont_CA
The 1450+ feet one for 1.2 seems nice. The 760 one seems within reach.
The prices are similiar around the world. 1.5-1.8 is the average house price in Toronto. If New York/NJ is under valued and you can get a similiar home for less I would probably make the move.