Re:95% of Bay Area Cities Lost Zoning Authority
by thatfrenchguy on Thursday February 23, 2023 @12:16PM
(#34913401)
> The grandparents point is excellent. I never thought of it that way but it was / is certainly true for me.
Eh, I mean, for a lot of homeowners in the bay area, because they so little amount of housing compared to market price, they usually can (and do for some communities) front large down payements for their kids' houses. That's how you see so many people in their late 20s affording houses you have two have two or three of: two good incomes, frugal mindset, good RSUs / IPOs, or parental help.
Obviously it sucks for people who do not have upper middle class parents, and that's why we need to fix this stupid housing crisis.
Re:95% of Bay Area Cities Lost Zoning Authority
by davidw on Thursday February 23, 2023 @12:24PM
(#34913516)
Yes, having a 'landed gentry' is not ideal in a lot of ways. Especially in an area that really has seen some amazing success from fairly 'average background' sorts of people.
Eh, I mean, for a lot of homeowners in the bay area, because they so little amount of housing compared to market price, they usually can (and do for some communities) front large down payements for their kids' houses. That's how you see so many people in their late 20s affording houses you have two have two or three of: two good incomes, frugal mindset, good RSUs / IPOs, or parental help.
Obviously it sucks for people who do not have upper middle class parents, and that's why we need to fix this stupid housing crisis.