| > The Bay area numbers I gave are from 2021 source included. That's household income. But sure, put me in the top 20% instead of the top 10%. Still incredibly ridiculous that an 80th percentile earner cannot afford a basic home. > Here are some current prices What you linked are apartments/townhomes. These have much higher HOA fees and are priced accordingly. The sticker price seems lower but the monthly payments end up the same as more expensive SFHs. To boot, most of them are really small - everything over 1500 sqft is over 1.3M which is ridiculous. So no, that's not really more affordable. Density doesn't mean everyone lives in a shoebox, it means building taller so the same land can fit 5x more people. > The 760 one seems within reach Again, if a 800sqft apartment that looks like it was built 70 years ago is all that's within reach of an 80th percentile household then you need to re-evaluate housing policy. > The prices are similiar around the world. 1.5-1.8 is the average house price in Toronto No, it's only similar in places with similarly dysfunctional real estate markets and NIMBYism as CA. Toronto and Vancouver famously have terrible SFH zoning policies. When you look at places like Atlanta, Miami, Austin, Chicago, etc. they are nowhere near the levels seen in CA. > If New York/NJ is under valued and you can get a similiar home for less I would probably make the move Or I can keep voting against NIMBYs and vote for densifying the Bay. |
Austin and Atlanta have smaller population densities compared to SF. SF is double Austin.
An 800sqft apartment is larger than any apartment I've rented. New condos can have 500sqft and still go for 800k in dense cities.