Re:The Electric Car
by bpodgursky on Monday July 13, 2015 @09:05PM
(#9882250)
Bay area house prices are not proportional (even discarding the effects of higher marginal tax rates). 150K salary for a million dollar house is not easy; 150k house on 50k salary (and a 3x salary difference is a bit of an exaggeration, while house prices are not) is much more plausible.
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I bought a foreclosed 70k house in Miami in 2009 (4br - 2.5bth, now worth 150k - rented and cash flow positive) I've lived in the bay area since 2012 It hurts knowing I could buy two or three more houses with what I pay in rent here, similar houses in the bay cost 600-700k yes it really is a 5-10x difference #sigh