The vast majority of engineers at FAANGs are _not_ commuting out of San Francisco -- looking at where the workforce really is: Mountain View, Menlo Park, Sunnyvale, you most definitely don't need to shell out $2.5M for a reasonable house.
Yes you do - Palo Alto, Mountain View, Cupertino, and nearby peninsula cities are even more expensive than SF. At least in SF you can get a nice new construction apartment for 875k.
You can find a cheap house for $1.25M in San Mateo or on the outskirts of San Jose, but it’ll still be pretty small and far away.
It's always... interesting... To look at SF on Zillow. There are a few nice-looking options in the ~1.5M range, mostly foreclosures, and it seems mostly in not-so-great areas. I don't know if there are any great areas in SF proper though.
FAANG has a much larger presence in Silicon Valley than SF. SF is more biased towards startups. Although it’s true all the major tech companies have SF shuttles.
San Jose’s median house price is $1.2 million. A million will get you a quality ranch.
(I fully appreciate the ridiculousness of presenting a million as “affordable”)
gfaure|6 years ago
gonehome|6 years ago
You can find a cheap house for $1.25M in San Mateo or on the outskirts of San Jose, but it’ll still be pretty small and far away.
gonehome|6 years ago
vqc|6 years ago
salixrosa|6 years ago
city41|6 years ago
San Jose’s median house price is $1.2 million. A million will get you a quality ranch.
(I fully appreciate the ridiculousness of presenting a million as “affordable”)