Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > California > San Jose
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 07-31-2017, 03:41 PM
 
455 posts, read 578,998 times
Reputation: 383

Advertisements

Quote:
Originally Posted by JohnSoCal View Post
There are many places where housing isn't cheap. You would have a lot of trouble buying a home in San Diego, Seattle, etc. It is true that there are many places that you could afford to buy a house on $60k or pay $150k cash but not everywhere.
In my view SJ is actually cheap. Because of the very high wages.

You take a dual income family bringing in about 300k a year, buying a home for a million would be easy.
Reply With Quote Quick reply to this message

 
Old 07-31-2017, 04:30 PM
 
4,369 posts, read 3,726,103 times
Reputation: 2479
Quote:
Originally Posted by Hacker1234 View Post
In my view SJ is actually cheap. Because of the very high wages.

You take a dual income family bringing in about 300k a year, buying a home for a million would be easy.
The median household income is 90k.
Reply With Quote Quick reply to this message
 
Old 07-31-2017, 04:31 PM
 
455 posts, read 578,998 times
Reputation: 383
That is true, but there are many many people early double that on one income.
Reply With Quote Quick reply to this message
 
Old 07-31-2017, 05:06 PM
 
4,369 posts, read 3,726,103 times
Reputation: 2479
Quote:
Originally Posted by Hacker1234 View Post
That is true, but there are many many people early double that on one income.
By many many you mean less than 10%.
Reply With Quote Quick reply to this message
 
Old 07-31-2017, 05:26 PM
 
Location: Murrieta California
3,038 posts, read 4,778,399 times
Reputation: 2315
Quote:
Originally Posted by Perma Bear View Post
The median household income is 90k.
The median household income in 2015 was $101,980 which is almost double the median for the US.

There are many highly paid tech workers that can afford to buy a house
in San Jose with no problem. I know because I was one of them. Salaries are higher now.
Reply With Quote Quick reply to this message
 
Old 07-31-2017, 05:27 PM
 
455 posts, read 578,998 times
Reputation: 383
All I know is that there are enough high income earners to keep the market where it is at.
Reply With Quote Quick reply to this message
 
Old 07-31-2017, 05:42 PM
 
4,369 posts, read 3,726,103 times
Reputation: 2479
Quote:
Originally Posted by JohnSoCal View Post
The median household income in 2015 was $101,980 which is almost double the median for the US.

There are many highly paid tech workers that can afford to buy a house
in San Jose with no problem. I know because I was one of them. Salaries are higher now.
That's the whole county including places like Cupertino and Los Gatos.
Reply With Quote Quick reply to this message
 
Old 07-31-2017, 05:43 PM
 
4,369 posts, read 3,726,103 times
Reputation: 2479
Quote:
Originally Posted by Hacker1234 View Post
All I know is that there are enough high income earners to keep the market where it is at.
Just like 2000 and 2008-2012!
Reply With Quote Quick reply to this message
 
Old 07-31-2017, 05:46 PM
 
455 posts, read 578,998 times
Reputation: 383
Dont know what happened in 2000, but in 2008 it was the banks that caused the issue and it was nationwide.
Reply With Quote Quick reply to this message
 
Old 07-31-2017, 05:53 PM
 
Location: Silicon Valley, CA
13,561 posts, read 10,363,103 times
Reputation: 8252
Quote:
Originally Posted by Hacker1234 View Post
Dont know what happened in 2000, but in 2008 it was the banks that caused the issue and it was nationwide.
2000 was when the dot com boom started to go bust - and so it was more of a cratering in demand rather than problems in the financial system.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > California > San Jose

All times are GMT -6. The time now is 11:38 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top