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Comment by threeseed | Hacker News Reader

Housing is significantly more affordable outside inner city suburbs.

And of course everyone wants to live close to their social circle. I want to live in a mansion by the beach.

But sometimes in life you have to make compromises especially when you're young and that includes working your way up the property ladder.

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Relative to income? Every single Metro areas in this list has seen affordability drop significantly (even Hooverville).

https://cdn.nar.realtor//sites/default/files/documents/metro...

Comparing living near jobs and quality schools to living by a mansion on the beach is quite unfair - people don't solely desire the luxury of cities, they desire the opportunity for themselves and their families.

"Working your way up the property ladder"? The median sale price for a house in Westchester County, NY is seven hundred and fifty thousand dollars. With insurance and property taxes and the current interest rate, that's over six grand a month. That's a hair shy of the US median household income (before taxes!). How exactly is a person ever supposed to afford that?

They get in for a small %. Hold for a few years than sell for 1,000,000.

They get a loan from parents

They rent out their basement

They partner up.

They buy the lower priced 600,000 home and make repairs themselves.

That doesn't mean those areas haven't also gone up a ton

Anywhere within an hour drive of the SF Bay Area is hugely expensive. Most of California is expensive even away from the big cities. Sacramento is expensive now.

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