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And just like in DC, the housing market in the Bay Area has come crashing down. Some teachers and electricians do make good money, but that doesn't mean they can afford a $500 or $600K house, especially with kids to support and car payments to make. A note on a $500K house is about $3500. That's insane. I would think the average family would struggle to make that type of mortgage payment.
Not that hard when you make 2 grand a week, drive a company truck. Take a look at the Bay Area housing market, I don't think its crashing , quite contrary. People are fighting tooth and nail to get into this market.
Not that hard when you make 2 grand a week, drive a company truck. Take a look at the Bay Area housing market, I don't think its crashing , quite contrary. People are fighting tooth and nail to get into this market.
Are you the only person in America who didn't hear about a massive international housing bubble that nearly brought an end to our financial system as we know it? There are lots of blogs and articles on the the Bay Area's bubble, ya know.
Are you the only person in America who didn't hear about a massive international housing bubble that nearly brought an end to our financial system as we know it? There are lots of blogs and articles on the the Bay Area's bubble, ya know.
If you want to get into the Bay Area housing market, you'll need much more than your teeth and nails. Like a job at Google or Morrison & Foerster.
Absolutely false, but your outdated blog entry really did a lot to enlighten us.
If your middle class, making a good salary living a home can be obtained just like anywhere else, is it going to be expensive as hell? Yes, but thats always been the case here. Have you had your feet on the ground here, looking for homes, do you know the real estate market, answer is a resounding no. After reading your thin statements about the market, that much is patently obvious.
Doing what exactly? Journeymen can be many things such as plumbers, electricians, pipefitters, ironworkers, millwrights, etc.
Just an example of the top of my head, union sprinklerfitter is like 47.50 hr for a journeymen and a foreman is 51 I believe. Plus most of these trades get a lot of overtime, your money goes through the roof at that point.
So why should anyone be surprised that 85 percent of graduates originally from the Philly area stay in the area. They're part of the 64 percent of all graduateswho remain in the region. Even among those who aren't from here, having 29 percent stay doesn't seem like such a bad figure. People who go to school often go home afterwards.
City of Brotherly Love Named Best City For College Grads
“Philadelphia is pretty livable for people my age,” says Hyde, a Florida native who moved to the city at 22 after completing his undergrad degree in Pittsburgh. “It’s a lifestyle like New York’s, but much more affordable. People here can bunk up together like in Brooklyn if they want, but real estate is a lot less expensive than in New York.”
Are you the only person in America who didn't hear about a massive international housing bubble that nearly brought an end to our financial system as we know it? There are lots of blogs and articles on the the Bay Area's bubble, ya know.
If you want to get into the Bay Area housing market, you'll need much more than your teeth and nails. Like a job at Google or Morrison & Foerster.
Um I think ur confused. Before the market stalled, the median home price for the Bay Area hit a peak of $853,000
I hope ur not trying to say that $853,000 is healthy cause it aint. The market was very overheated.
The median fell as low as $399,000 in Feb 2009 and that was mainly due to foreclosures being such a big percentage of sales affecting the overall median.
Today the median home price has climbed back to $592,000 and counting.
Its much more plausible now than before the crash for first time buyers to finally get into the market.
And it sucked if someone rode the re-fi wave cause chances are now their homes are worth less.
But overall, the housing market has proven itself to be similar to the rest of the region's economy-very resilient.
Um I think ur confused. Before the market stalled, the median home price for the Bay Area hit a peak of $853,000
I hope ur not trying to say that $853,000 is healthy cause it aint. The market was very overheated.
The median fell as low as $399,000 in Feb 2009 and that was mainly due to foreclosures being such a big percentage of sales affecting the overall median.
Today the median home price has climbed back to $592,000 and counting.
Its much more plausible now than before the crash for first time buyers to finally get into the market.
And it sucked if someone rode the re-fi wave cause chances are now their homes are worth less.
But overall, the housing market has proven itself to be similar to the rest of the region's economy-very resilient.
I posted that link in response to calisnuffys claim that housing in the Bay Area was/is affordable for Bay Area residents across a broad range of occupations and classes. To me, it seems, if housing is affordable, then people would not default on their mortgages. Because many Bay Area residents defaulted on their mortgages, that means, to me anyway, that housing in the Bay Area was unaffordable.
Granted, $539K is better than $853K, but sheesh! That's a lot of money! That means that half of the TOTAL number of homes in the Bay Area cost more than that. What is the median income for a household of four there?
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