02-17-2010, 09:40 AM
Fluesheet Wrote:Gary S Wrote:Russ, several years ago a friend of mine got transferred from Houston to California. His home here in Houston was a really nice 2500 square foot house in an upscale neighborhood. He sold it for $350,000. When he went to California to buy a new house, he found out that his $350,000 didn't go very far. The difference in housing costs from Texas to California surprises me. We really do have a very low cost of living.
Similar story - my company's headquarters are in SF, CA. I've spoken to several folks about housing costs, and even with the premium paid for folks working there, I can't figure out how many afford it. I've decided that they just have to learn to be comfortable with a MUCH higher debt load than I.
The building is fascinating Gary. Though you make me feel slow and unproductive...
The cost for property in much of the S. F. Bay area make So Cal look cheap by comparison! A house in So Cal costing 500k will cost $1 million in San Fran. area, even more in the city itself!