Town Square

Post a New Topic

Bay Area home prices too high for 4 in 5 potential buyers

Original post made on Aug 14, 2018

Potential homebuyers trying to break into the Bay Area real estate market without a high-paying tech job or financial help from family may find the American Dream of home ownership slipping right out the window.


Read the full story here Web Link posted Tuesday, August 14, 2018, 1:56 PM

Comments (8)

Posted by Wait...
a resident of Another Mountain View Neighborhood
on Aug 14, 2018 at 2:53 pm

If I want but cannot afford to buy a Ferrari, am I actually a "Potential Ferrari buyer"?

If I want a meal at Nobu but cannot afford a meal over $5.00 does that make me a potential frequent diner at Nobu?

The story talks about people unable to afford this area.
Those people ARE NOT "Potential buyers".


Posted by Seen it all before
a resident of Another Mountain View Neighborhood
on Aug 14, 2018 at 3:47 pm

This is not new news -- we've all seen this before, for decades. Thirty years ago WE could BARELY afford to buy the LOWEST END HOUSE in the area (even after owning a house in another state first. We scraped by and we panicked about our monthly bills for at least a decade. But by diligent cost-cutting, and frugal living, and extensive saving, we hung on, and now are doing well. No-one subsidized us. We couldn't afford expensive "toys" -- even on two "tech" salaries. Why do 2018 immigrants to the area think that they should be treated better (more easily) financially than we were 30 years earlier? (This has been a "tech" valley for decades, and the "cost of housing" story has been the same for decades. This is nothing new -- nor even newsworthy.)


Posted by LOL
a resident of Blossom Valley
on Aug 14, 2018 at 4:22 pm

What is wrong with you people when you compare having a place to live as being equivalent to wanting a Ferrari or a meal at Nobu? Bay Area liberals are the worst, at least conservatives are honest about hating the poor.


Posted by LAN
a resident of Cuesta Park
on Aug 14, 2018 at 4:23 pm

And the city is okay with this? Only hecca wealthy can now afford to live in Mountain View? Be gone the middle class.
Mountain View has whored itself out to be a ‘city’. Gone is the suburban neighborhood of past.


Posted by Maher
a resident of Martens-Carmelita
on Aug 14, 2018 at 5:05 pm

PEOPLE: I'm going to be putting my Manufactured (2000) home on the market soon. Not many for sale right now. A probable mortgage payment + space rent for you will be 1/5-1/4 what folks are paying in rent. To buy one of these homes you need: Flawless credit record and rent payment record because park managements require it and can stop a sale that has closed if you don't meet their required standards vav credit and income levels. Incomes of ~ $70K should qualify. These homes in California APPRECIATE (mine has--BIG time), I pay property taxes to County Assessor, not license fee to DMV (a myth since early 70's); no wheels under my home (a myth since early 70's). Quiet, security conscious neighborhoods, nice neighbors (some of whom work at the big TECH companies), mostly kid friendly. I'm just saying, if you want to have an really nice affordable place to live which will appreciate in this area... Then y'all should think outside your narrow box and consider another option. I hope this helps. Best wishes.


Posted by mike rose
a resident of another community
on Aug 14, 2018 at 5:24 pm

mike rose is a registered user.

LOL,
Can I live in Woodside or Belvedere? I really want to, and I hate the fact that I can't afford it. And I'm not talking Ferrari, isn't this my HUMAN RIGHT?


Posted by @LOL
a resident of Another Mountain View Neighborhood
on Aug 14, 2018 at 5:25 pm

[Post removed due to disrespectful comment or offensive language]


Posted by @mike rose
a resident of Another Mountain View Neighborhood
on Aug 14, 2018 at 5:26 pm

[Post removed due to disrespectful comment or offensive language]


Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.

Email:


Post a comment

On Wednesday, we'll be launching a new website. To prepare and make sure all our content is available on the new platform, commenting on stories and in TownSquare has been disabled. When the new site is online, past comments will be available to be seen and we'll reinstate the ability to comment. We appreciate your patience while we make this transition..

Stay informed.

Get the day's top headlines from Mountain View Online sent to your inbox in the Express newsletter.