Housing appreciation after tax, maintenance, and transfer fees is no greater than inflation, particularly if you are living there less than 5 years. So then your only argument is whether the risk/reward of 5-10x leverage is worth it. It’s worked out for a generation as rates have declined from 20% to 3%, but that trend is over.
The kids part of it is that you limit your geographical mobility by purchasing. That means you limit yourself on job opportunities, future spouses, school districts, etc. It’s only worth it when there is stability for your kids and the value of creating memories with your family in something you own.
Yep that is true, future outcomes can always change. The last few decades have been far better than anyone could have hoped for seattle and the bay. Let's hope it continues. Cash flow is great indeed; other people are buying me property and giving me monthly cash to invest.
The google project is an order of magnitude more ambitious than Apple’s. Apple Park basically only impacted Apple employees, whereas the scope of Google’s project could drastically change that whole area.
Of course it will have major impact. They want to hire 20k workers in their new downtown sj campus. They already bought all the parcels of land they need from the government. The land is downtown sj near sap center.