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Re:Cities Where Job Growth Is Outpacing New Homes by linguae on Thursday September 12, 2019 @05:05AM (#20949476)
It is for me. I work as a research engineer at a non-FAANG company in Silicon Valley and I have 4.5 years of industry experience largely in R&D environments. If I were in the Sacramento metro area then I could afford to purchase a detached single-family home in all but the most expensive neighborhoods. I would have a wide selection of safe neighborhoods to choose from with excellent public schools, beautiful parks, and other amenities.

Unfortunately, in the Bay Area my options for purchasing a detached single-family house are limited. At my current salary, if I want to purchase a detached single-family home, I'd either need to buy it in exurbia (e.g., places like Tracy to the east or Hollister to the south) or in East Oakland, which is still struggling with crime. Both places are a long commute from my Silicon Valley office. If I want to purchase a place within an hour from my job such as the southern part of San Jose, I'd need a considerable salary boost. Places like Cupertino and Sunnyvale seem impossibly expensive to me.

I've been thinking a lot about where I'd like to settle down. Silicon Valley has a wealth of specialized research scientist and research engineer positions, but I don't see myself ever being able to afford a house within an hour from Silicon Valley unless I join an early-stage startup that happens to be a wild success. On the flip side, there are plenty of places across the country, even within California, where homes are affordable with a low six-figure salary, but the problem is the types of jobs that I want tend to be restricted to tech hubs, which tend to have very high housing costs.

Re:Cities Where Job Growth Is Outpacing New Homes by azernik on Thursday September 12, 2019 @06:18AM (#20949841)
My goal (set by a different culture of origin, with much less space available than in the US) is an apartment that I own, with enough indoor space for a family. The American obsession with "detached" doesn't resonate with me, and may not serve you well if you're living in this expensive of a housing market.
Re:Cities Where Job Growth Is Outpacing New Homes by Scoundreller on Thursday September 12, 2019 @08:43AM (#20950753)
That becomes difficult when 2 bedroom+ places are rarely built because it’s more profitable per m2 to build 1 bedroom units.
Re:Cities Where Job Growth Is Outpacing New Homes by azernik on Thursday September 12, 2019 @10:08AM (#20951581)
If it's unprofitable to build 2br+ apartments, it's not any easier to find 2br+ houses.
Re:Cities Where Job Growth Is Outpacing New Homes by Scoundreller on Thursday September 12, 2019 @10:36AM (#20951923)
For whatever reasons (planning approvals?), 1br houses aren’t built. At least around here. But 1br apartments and condos are the bulk of the market.

That’s not to say that 2br+ apartments are unprofitable to build, just less so.