[nojvek]

Even on a software eng salary in Seattle area, housing 40m away from city took many many years of saving to afford downpayment. As we were saving, the price went up faster than we could meet 20%. The rents also went up. It feel like the bar kept on moving faster than we could catch up.

This was 5 years ago. At current >1M prices, that would not be possible. 2 bedroom rents in Bellevue are > $2500/month. Kind of nuts.

[thunkshift1]

Why the insistence on 20% down? Avoiding pmi is not worth the upfront cash

[danuker]

With so much of the tech sector going remote, how do prices still keep going up? Why is there still so muh demand?

Is there anyone living in those expensive places? Or is it just speculation/investment?