|
A little reminder that we sometimes forget in the San Francisco Bay Area -- there are plenty of other, really wonderful places to live. People here will rattle off weather, jobs, activities (outdoors) -- but the reality of the situation is that there are plenty of incredible places to live in the US, where you can make within 10%-20% of your Bay Area wage with 30%-40% or more less housing costs. Even a place like LA or San Diego, Seattle, Portland, Austin, Chicago, etc -- you won't believe the homes, apartments, lofts, flats, condos you can get. Absolutely stunning places, with great activities and schooling. I don't see myself in the Bay Area in 15 years or so, unless there's a drastic change in the cost of housing. That goes without saying that I find people in the bay area generally rather unfriendly/unapproachable vs. other major metros. |
That said, we are leaving LA for Denver. West LA is 'gentrifying' pretty bad right now. We spec'd housing prices in Denver, and a 3 story house's mortgage can come in under our rent in LA. Yeah, there is give and take there, but the diff between LA and Denver housing is amazing. Denver, yes, does not have oceans, but otherwise is very similar to the Bay culturally.
Also, don't forget the reason that prices for homes in California are so distorted: Prop 13. The legislature needs to amend it. The longer we wait, the worse it gets.