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Salary Needed To Buy a Home In The US
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this post was submitted on 18 Oct 2023
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lmao cries in San Jose
I mean, the thing is, it's not even that great a city. Like, sure the tech jobs are here, and the bay area overall is nice and has temperate weather, but San Jose itself is a giant sprawling suburb. Downtown is "okay" and we do have public transit in the form of the light rail but it's pretty slow.
I'm paying $3.4k to rent a 2x2.5 townhome with my partner currently. It's very nice, and my landlords are just a very nice couple rather than a company, but dang is it expensive just to live here.
And before anyone asks, I live here 1) because I work in tech and the jobs are here, and 2) because my family all lives in the Bay Area and they're very important to me.
Anyway, my formal recommendation to any of you looking to move to San Jose is to basically not do that. Find a remote job and work in tech that way, or hybrid so you can live further out and commute only a couple times a week.
I saved for a few years, and every amount I saved was offset by the housing prices going up. I eventually had $300K saved up and couldn’t afford the down payment on a family home.
That’s just completely and utterly unsustainable. I live in San Diego County now, which isn’t a whole lot better.
My family was renting a house is S.D for more than a decade. They got booted when the son-in-law of the owner stuck her in a retirement home and needed to pay for it with the house. (Speculation from what we were told, and put together)
It was a shitty, shitty, home. Carpets were gross and floor underneath likely needs to be redone. Kitchen is from the 50's or 60's but with 90's appliances. It had a bad linoleum floor, with completely out of date cabinets and faux bricks that had been painted over a bunch of times. Place likely needed new plumbing and definitely new electrical. The roof needed work; there was likely mold in the bathroom including places in the wall that were squishy. The yard was small and filled in with broken bits of concrete mixed with clay.
It was sold for more than $750,000
I like San Jose - it's a cozy-sized city with all the arts. I just could never scrape together enough money for a house.
I work in tech as well and can still barely afford most of the rent prices I see here. It’s horrible.