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hnhousingthrow commented on Show HN: Should I Get a House? a better rent vs. buy calculator   shouldigetahouse.com/... · Posted by u/alach11
hnhousingthrow · 4 years ago
These calculators don't reflect the reality/absurdity of the current economy. Anecdotal, but I bought a house in eastern California last year for $600k, now Zillow says it's worth $835k. Also, I'll unlikely ever be able to afford a house in the Bay Area, even though I make $220k/year at a company there. Still don't know what I'll do if my employer makes us return to the SF office in a few months. Relatedly, a ~70 year old woman bagged my groceries today and I doubt she's doing it for fun. Seems the accelerating wealth inequality is destroying our society/communities if it hasn't already.
hnhousingthrow · 4 years ago
Just to follow up on a deleted comment that thought I was complaining, I guess my point is that decent housing (both renting and owning) has become unaffordable for most people. High-income earners like myself will be okay, if okay means spending half of my salary on rent where I literally step over homeless people as part of an hourlong commute. My greater fear is what happens to the "essential workers", the heroes making $15/hr? What happens when the firefighters, EMTs, teachers, grocery store workers etc have been priced out of the state?
hnhousingthrow commented on Show HN: Should I Get a House? a better rent vs. buy calculator   shouldigetahouse.com/... · Posted by u/alach11
hnhousingthrow · 4 years ago
These calculators don't reflect the reality/absurdity of the current economy. Anecdotal, but I bought a house in eastern California last year for $600k, now Zillow says it's worth $835k. Also, I'll unlikely ever be able to afford a house in the Bay Area, even though I make $220k/year at a company there. Still don't know what I'll do if my employer makes us return to the SF office in a few months. Relatedly, a ~70 year old woman bagged my groceries today and I doubt she's doing it for fun. Seems the accelerating wealth inequality is destroying our society/communities if it hasn't already.
hnhousingthrow commented on Californians aren’t leaving the state en masse but are leaving San Francisco   latimes.com/california/st... · Posted by u/undefined1
hnhousingthrow · 5 years ago
I left SF 8 months ago after renting a small room for 5 years at ~$2k/month with housemates. By moving ~150 miles away I was able to buy my first house, ~2100 sqft on 4 acres (!) for ~$600,000. Any thoughts on what to do when the pandemic ends and employers make us come back to the Bay Area office?

I really do love San Francisco, it's so naturally beautiful, the hills give perspectives of communities, so many neighborhoods and main streets, so much stimulation, I learned about deep learning from housemates there in 2015 and was able to make a living out of it that I probably wouldn't have been able to elsewhere. Wish I listened to my other housemates espousing bitcoin and the original ethereum ico...

I made $200k salary last year and yet have no prospect for ownership of a nice home anywhere in the Bay Area, let alone San Francisco, and I'm one of the lucky ones. Even the shitty houses where I grew up near Compton, CA are asking more than half a mil now. Not sure how this all ends...

u/hnhousingthrow

KarmaCake day114March 7, 2021View Original