Where I live a 1750 ft sq house is probably $900k.

So your wife makes 45,000/150,000 = 0.3 ratio. If she lived here, she'd need to make 900,000 x 0.3 = 270,000 per year to have the same ratio.

There are no nurses in Cali (or anywhere else) that make $270k per year.

You are in an enviable position compared to people in Cali...you should understand that.

Robert

I was wrong, the cheapest house in San Ramon on Zillow is $848K @ 1220 ft sq, so a 1750 ft sq would be more than $900K...and this 1220 sq ft house is about 2 blocks from the 680 freeway!

Robert

The bay area home prices are driven by desire to live here by both "locals" and people from China and India. There are many instances of people from other countries coming and buying a million dollar plus home for cash.

Prices in my town are driven by people who work in Silicon Valley who want more than either a condo or a tiny house and a postage stamp yard.

As for income, the company I worked for has the same salary structure in Sunnyvale as in Chicago.

Robert

Also, if anyone gets tired of reading about home prices...I'm doing a re-theme of a Bally Night Rider, you can read about that here:

https://pinside.com/pinball/forum/topic/bally-night-rider-ss-re-theme

Robert

There will probably be a market correction in 2019, so maybe 2020 or 2021 if the Democrats win in 2020.

Thanks for the encouragement!

Robert

https://pinside.com/pinball/forum/topic/bally-night-rider-ss-re-theme