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A comment on Bay Area hammered by loss of jobs: Lack of affordable housing strangles hiring. Parent comment

Re:Bay Area hammered by loss of jobs: Lack of affordable hou... by conanbatt on Monday October 23, 2017 @01:43PM (#15535166)
That amount of money should suffice to mortgage a house if you can..people with less income buy houses in the area.

However..remember that buying a house does not save you rent. You become an owner, so either you pay rent to the owner, or you stiff him, which happens to be you.

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Re:Bay Area hammered by loss of jobs: Lack of affordable hou... by 5706906c06c on Monday October 23, 2017 @02:38PM (#15535735)
Definitely aware of the trade offs, doing the means test indicates I should own, I digress. There is an emotional component, which is the kids. I grew up moving from one continent to another with no sense of security. I don't want the same for my kids, they deserve stability in their lives, and I've convinced myself that as a provider I need to make that happen for them.
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Re:Bay Area hammered by loss of jobs: Lack of affordable hou... by MystK on Tuesday October 24, 2017 @12:15AM (#15539168)
Renting a place you don't own is definitely unstable.
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