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Some of us skimped on $15 lattes, very fancy apartments in San Francisco, and food delivery to save the money to do it. Don't generalize. Not every home owner is a spoiled brat.

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The median home price in SF is $1.6M. At median SWE salary in SF, the mortgage is >70% of your take-home pay assuming an improbably large 25% downpayment ($400k). More realistic assumptions put it at ~85% of take-home.

Perpetuating myths about lattes, (or avocado toast[1]) does nobody any good; they are not the reason homes are unaffordable. Homes are unaffordable due to insane zoning policy and Prop 13.

[1]: https://money.cnn.com/2017/05/15/news/millennials-home-buyin...

I agree there are certainly systemic issues that inflate prices beyond the reach of most Bay Area residents. However, first time home buyers are probably buying something cheaper than median. With dual tech income and no dependents, it’s certainly still possible to buy a condo or townhouse without family money.

You do know what median means, no? It means that 50% of homes cost less. 50%

I had no trust fund or parental help and bought a house in the bay area just fine by being frugal the decade before said purchase

if only these millennials drank 150 less lattes a day they'd be able to afford a downpayment on a place of their own in three years.

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