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re: I read that the median home price in Palo Alto is $3.1 million.
Posted on 11/30/18 at 8:06 pm to RogerTheShrubber
Posted on 11/30/18 at 8:06 pm to RogerTheShrubber
quote:
A city also has to have service employees, teachers, mechanics, retail employees...
I don't remember if anything came from it, but when housing first began skyrocketing, local cities were debating barracks for city workers to live in during the week.
0
Posted on 11/30/18 at 8:07 pm to Slippy
Theyre paying software engineers $250k to $450k once factoring in bonuses and options. Food and consumer goods are close to the sane price so a lot of that extra income can be used for housing.
A couple making $550k can get a $2m home then sell it when they retire.
A couple making $550k can get a $2m home then sell it when they retire.
Posted on 11/30/18 at 8:08 pm to Slippy
Friend of mine was the Dean of Engineering at Stanford who when he first got a professors job was given a hammer and stake told to pick out a lot and build a house. Standford pretty much owns all of palo alto. He built a house and owns the improvement but the University owns the land.
Ten years ago he took me for a drive where Stanford was building 18 houses on University property for coaches as they were told they couldn’t hire the best coaches as housing was too expensive.
I’m no real estate guy but seams nothing has or will change...just like it’s cliche to live in Manhattan.
Ten years ago he took me for a drive where Stanford was building 18 houses on University property for coaches as they were told they couldn’t hire the best coaches as housing was too expensive.
I’m no real estate guy but seams nothing has or will change...just like it’s cliche to live in Manhattan.
Posted on 11/30/18 at 8:15 pm to BeepNode
quote:
A couple making $550k can get a $2m home then sell it when they retire
Almost 4x annual income for a home is still pretty steep to me.
Posted on 11/30/18 at 8:41 pm to Slippy
and the entire country subsidizes this crap by allowing insane tax write offs on interest and taxes.
Posted on 11/30/18 at 8:45 pm to northshorebamaman
Blackface? Triggered!
Posted on 11/30/18 at 8:46 pm to soccerfüt
Posted on 11/30/18 at 8:56 pm to northshorebamaman
Your mom looks nice & sweet even with her face muddled.
Requisite 2,2,2,2...
Requisite 2,2,2,2...
This post was edited on 11/30/18 at 8:57 pm
Posted on 11/30/18 at 8:57 pm to soccerfüt
Thanks... I guess.
Posted on 11/30/18 at 8:59 pm to Slippy
The sun may rise in the east, At least it's settled in a final location
Posted on 11/30/18 at 9:03 pm to Slippy
quote:
read that the median home price in Palo Alto is $3.1 million
It’s retarded that anyone pays that much for the dinky ugly houses out there
Posted on 11/30/18 at 9:44 pm to Paul Allen
quote:It's understood that Hollywood sells Californication
The sun may rise in the east, At least it's settled in a final location
Posted on 11/30/18 at 9:48 pm to Slippy
How they hell do college kids (Stanford) afford to live there?
Posted on 11/30/18 at 9:49 pm to BeepNode
quote:
Theyre paying software engineers $250k to $450k once factoring in bonuses and options.
And it gets muuuuucchhh higher than that for the people that are in demand.
Posted on 11/30/18 at 9:54 pm to Slippy
The folks I know who live in the Bay area that grew up there inherited the property they own, then sold it for a profit to buy other properties. Its a different market out there. Really the whole west coast. Seattle is the same way. Rental properties are going to AirBnB so the inventory of rental properties is very limited as well. A normal family from outside the local market would need to find serious cash to move there. Even normal working folks like nurses, firefighters, police, all are now finding themselves with as much as 100 mile commutes from affordable but still expensive properties to get to work.
Posted on 11/30/18 at 10:01 pm to Slippy
Two towns north in San Mateo County is e Town of Atherton. Median home price is.....6.9 million dollars....highest in the nation...
Posted on 11/30/18 at 10:04 pm to Slippy
Which part of basic economics do you not understand?
Posted on 11/30/18 at 10:07 pm to Slippy
I guess there is a limit to a salary that would get me out there but i would have to get paid a stupid amount of money to move to California
Posted on 11/30/18 at 10:12 pm to Slippy
working class people in California rent, they can't afford homes. Everyone else either did well enough to get a home or inherited the house and will never leave it as it'll continue going up in value until they 'can't say no'
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