[nebula]

>Even in the Bay Area, a Home is still 5-6X annual income of a typical software engineer.

Is this true? I am ignorant of actual prices in Bay Area, but people are always complaining of high housing prices there.

[stevenwoo]

To give some idea of the market - people are starting to count stock options as future income in order to qualify for home purchases. The median home price that sold recently in San Jose is close to a million dollars.

http://www.mercurynews.com/2017/09/25/about-silicon-valleys-...

When I bought in 2001, every house on the peninsula (between San Francisco and San Jose) no matter what condition had at least a dozen offers and it's worse now. http://www.mercurynews.com/2017/04/13/sjm-shortage-0414/

[xyzzy_plugh]

Seems low, I'd put it at 8-10x. You're hard pressed to find a property for less than a million dollars.

[BeetleB]

Yup.

5-6X will not get you a nice house in a nice area. It will just get you a small house. In San Jose, the cheapest ones I'm seeing are in the 500-600K range - smaller than 1000 sq ft.