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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 TuringNYC on Monday October 23, 2017 @11:41PM (#15539030)
>> But it doesn't mean $60k is easy to live on.

It is much easier getting along on 60k when you're on a 1995 mortgage of $700/mo with frozen property taxes. Doesnt matter if you sell -- you are living in a million dollar house without paying for it. You get the space now. You get the easy commute now. You get it all for a tenth of current costs.

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Re:Bay Area hammered by loss of jobs: Lack of affordable hou... by pc86 on Tuesday October 24, 2017 @06:44AM (#15540634)
Well to be fair the largest expense with a house is without a doubt the mortgage, and that's not going to change even if property taxes are reassessed every year. Their mortgage would be $700/mo no matter what (as it should be). Is anyone here arguing that you should have $2,000/mo in property taxes for a $700/mo mortgage?
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