Re:Bay Area hammered by loss of jobs: Lack of affordable hou...
by alistairSH on Monday October 23, 2017 @02:49PM
(#15535852)
The problem isn't that a $1 million home is insane (or not). Or, even a $2000/month mortgage. Yes, a well compensated professional can afford those numbers.
The problem in the Bay, and increasingly in other popular areas, is there are few options for less. Especially in places like the south bay, where it isn't really urban - it's a giant suburb that lacks dense, affordable housing options.
An average employee shouldn't have to live hours away from their job. Or spend 50% of their income on housing.
The problem in the Bay, and increasingly in other popular areas, is there are few options for less. Especially in places like the south bay, where it isn't really urban - it's a giant suburb that lacks dense, affordable housing options.
An average employee shouldn't have to live hours away from their job. Or spend 50% of their income on housing.