Originally Posted by
Sparta
The pilots who bought closer in to SFO over the past twenty years have seen a lot more house appreciation than those who bought in the far flung suburbs...
I don't doubt that, but we're talking about buying NOW. If I could have picked up a place in the bay in 1996, I'd be smiling big time, but since then you've seen home price increases that I cannot imagine being replicated again.
Besides, trying to swallow the mortgage on a $1.5M house on an a newhire salary (I believe that was the OP's situation) is, in a word, impossible. 100 miles away that same house in a good neighborhood could be bought at a third the price.
Dig these charts for,
The Bay Area:
SF itself:
