Job offer in SF....yes? no? hell no? (San Francisco, London: low income, sale)

[neutrino78x]

Originally Posted by Perma Bear

Hard to have a family in a 1 bedroom condo.

So buy a two bedroom or three bedroom condo. You can buy those on 100k in San Francisco.

[neutrino78x]

Originally Posted by mrsltd

Wow. Just, wow.

Ask somebody who grew up in London if he would rather have a three bedroom condo in London or a large single family home in Leeds. He'll definitely say he would prefer London. I can see wanting to move away if you are from a small town in the middle of nowhere, but I'm from Silicon Valley.

[NewbieHere]

Originally Posted by SkySofiaLila

You do realize that if you and your significant other make $200K yearly and you came up with 10% or 20% down payment on a $1M home with a monthly mortgage of $6K or $5K and one of you loses his or her job, you won't be able to pay your mortgage, right?

Living paycheck to paycheck is not a good way to live. Living above your means isn't either. Make smart choices... and while I don't think Neutrino is trolling either, taking financial advice from someone in the bay area who makes $11/ hour and promotes the room mate lifestyle should be taken with a very fine grain of salt.

This is why you should be renting. In one hand you complain about life is hard here, you hated here, but the real reason why you moved here because you don't have jobs where you come from. You can't have it both ways.

[boulder2015]

Originally Posted by neutrino78x

Ask somebody who grew up in London if he would rather have a three bedroom condo in London or a large single family home in Leeds. He'll definitely say he would prefer London. I can see wanting to move away if you are from a small town in the middle of nowhere, but I'm from Silicon Valley.

So youre from the burbs and comparing it to london? Lol...

[jade408]

Originally Posted by neutrino78x

So buy a two bedroom or three bedroom condo. You can buy those on 100k in San Francisco.

No those are a million dollars plus. One bedroom condos in SF are about $700k on average. Not affordable to your $100k earner. And in 95% of the US middle class families want and expect SFH. You can do that in NYC (via NJ, CT or even Queens). And in Boston burbs. The Bay Area is the only bizarro land place where there are no middle class affordable cities in the region.

We don't even build family size condos.

[neutrino78x]

Originally Posted by jade408

No those are a million dollars plus. One bedroom condos in SF are about $700k on average.

Nope.


San Francisco, San Francisco, CA For Sale | Trulia.com

It is the SFHs that people can't afford on the median salary, not the condos. Condos are more like 300-500k not one million.

That's the way it should be. I would support a ban on new SFHs in SF and SJ.

The Bay Area is very affordable on the median income.

[neutrino78x]

Originally Posted by boulder2015

So youre from the burbs and comparing it to london? Lol...

I'm from a suburb in Silicon Valley. And yes I am comparing Silicon Valley (and the San Francisco Bay Area of which Silicon Vally is a part) to London.

[SageCats]

Originally Posted by NewbieHere

This is why you should be renting. In one hand you complain about life is hard here, you hated here, but the real reason why you moved here because you don't have jobs where you come from. You can't have it both ways.

Life is hard here?

No, I never said that. I don't hate it here, either.

[boulder2015]

Originally Posted by neutrino78x

Nope.


San Francisco, San Francisco, CA For Sale | Trulia.com

It is the SFHs that people can't afford on the median salary, not the condos. Condos are more like 300-500k not one million.

That's the way it should be. I would support a ban on new SFHs in SF and SJ.

The Bay Area is very affordable on the median income.

Try again, buddy. I bet there is something wrong with that place... i dont see an address for example. The median resale value of an sf condo is over 800k.

http://www.bizjournals.com/sanfranci...r-records.html

[Ruth4Truth]

Originally Posted by boulder2015

Try again, buddy. I bet there is something wrong with that place... i dont see an address for example. The median resale value of an sf condo is over 800k.

http://www.bizjournals.com/sanfranci...r-records.html

It's in Brisbane, for one thing, advertised as San Francisco. And there seem to be design issues, for whatever reason; corner windows only? Could that be because the only view is of the building next door, or some eyesore? It shows that buying a condo in the general vicinity of SF is doable, but it wouldn't be the kind of condo most people would want.