To everyone working in the Bay Area with aspirations of buying a house one day with your tech savings:

To everyone working in the Bay Area with aspirations of buying a house one day with your tech savings:

It might be sooner than you think! First signs of sanity in CA housing market

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Jow Forums - Real Estate Blog

Don't try to catch a falling knife.
Wait till there's blood in the street and then buy.
Buying a house in the bay area is the ultimate retard move unless you hit the jackpot and turned overnight millionaire by selling getting an overhyped startup bought out.

I read about one guy who just worked in silicon valley while living in a van. No rent, just asked the business to let him park it in a quiet corner, and he showered at the gym. None of his fat paycheck went to rent, mortgage, property taxes, etc. Did it for like three years and had a few hundred grand in savings so he moved away from the California hellhole and bought a house outright in another part of the country and still had a pile of savings.

This is Jow Forums technology. majority of people working in the industry live in the Bay Area (the pros anyway).

Deal with it.

That would explain the rampant faggotry.

...

Pretty sure he was from Google. You can get a specced out mercedez van with all kinds of shot inside for 50k and then your only bills are car note/insurance and diesel.

Prices are pretty well equilibrated, it's not like people aren't buying houses in the bay, there can't be a meaningful reduction in house prices because the market would immediately be flooded with buyers. Until an earthquake SHREK 3-D's massive swaths of the bay area or the tech market crashes it's still going to stay insanely expensive.

If an earthquake happened that damaged a bunch of buildings, prices would go up in the BA

> majority are tech wagecucks who work 10-12 hour days can't afford something a garbage man in a nearby state can
How's that feel user?

Renting is literally throwing your money away.
Buy a box truck and only return "home" to sleep or play video games.

Maybe entry level tech workers.
Anyone good is making 150k+ after a few years

150k a year is peanuts compared to home prices.
You neglect to mention federal income tax. State income tax, FICA, Rent, etc that eat away at that on your path towards saving for a house.

Once you get one you're greeted with the hefty 20% down + wallet breaking mortgage which for the most part goes to interest + home owners insurance + property tax.

$80k a year salary and $240k 3/2.5 w/ 2 car garage and a yard is much better than $2-3 million home which is 8-12x more with only a doubling in salary.

Bay area is a slave yard.
Instead of cotton you pick bits and bytes.
You make pompous excuses to ignore this reality

Well that's the point of this thread, housing prices might be going down soon

but then what do you list as your permanent address for job applications?

also thats illegal in many places

>parking is illegal
They can't prove you live there without a search warrant and 90% of the time you'll never be reported anyway if you don't park in either A) a reserved/handicapped spot or B) some businesses lot that they monitor

your mom's house or something. or a PO box.

the only legality you really have to worry about is having a right to leave a vehicle parked somewhere long-term.

i see, but wouldn't all businesses have at least a camera or two on their lots?

i'm not sure if a PO box be used to establish residency
and where would someone park their box truck safely anyways?

>thinking it's easy to find power + water + sewage hookups in the bay area

I genuinely feel sorry for anyone living in the Bay Area.

Anyone who lives in California as a single person earning less than $100k, or lives in the Bay earning less than $150k, is just a retard. Plain and simple.

They deserve it. If you're wealthy though, by all means, California is one of the best places in the country.