HousingMar 21, 2019
NvidiaDE2019

Even tech workers can’t afford to buy homes in San Francisco

https://www.recode.net/2019/3/19/18256378/tech-worker-afford-buy-homes-san-francisco-facebook-google-uber-lyft-housing-crisis-programmers?ch=99&share=c34ffe87 These workers average six-figure salaries but increasingly can’t afford to buy a house in San Francisco, where the average home value is around $1.34 million and the median down payment needed was around $250,000 last year. And although there’s been a bit of a slowdown in recent sales, that’s expected to change quickly. A new class of freshly minted tech IPO millionaires are set to “eat San Francisco alive,” as described in a headline of a recent New York Times story.

Even tech workers can't afford to buy homes in San Francisco
Even tech workers can't afford to buy homes in San Francisco
Recode
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Facebook public2 Mar 21, 2019

Ok, and? Most people understand supply and demand already.

Microsoft JDwb49 Mar 21, 2019

If only there was some way to work on software without burning gas and limited human time on hauling your body to some packed noisy location.

New
kimm Mar 21, 2019

Yeah we're all broke and will be on the streets soon

Facebook Instagrаm Mar 21, 2019

There’s Seattle dude

Intuit z9nkay Mar 21, 2019

You don’t need to live in a SFH, the median for condos is likely less If you aren’t happy with the bay leave. If you can’t leave because you feel the TC is necessary suck it up

Facebook public2 Mar 21, 2019

Sfh or bust, who wants neighbors?

Intuit z9nkay Mar 21, 2019

Considering that like everyone that came to California after the 80s lives in multi family housing I’m gonna say there’s a lot of people willing to put up with it, but more importantly aren’t willing to pay the exorbitant premium for SFH / no shared walls

KPMG syVP80 Mar 26, 2019

Make SF salary in NY and live on NJ suburbs :)