Article could be sponsored 
Nice plot to reduce the anger of non-technies. Who are these “well-paid” guys? New graduates? Work in SV for how long? If they have families, are they paying for private schools & music/ dance classes and drive a Tesla 
? May be they can buy a SFH near their office if they sell all their RSUs! But they don’t want to, they want their cakes and eat them too!
The rich people are the ones that drive a tesla to open houses in palo alto. nuf said.
The article says a 20-minute commute from work which is too generous. In rush hour 20 minutes can get you a few miles maybe. If they relax it to 40 minutes they will probably start including a lot of east bay places that will make the data less compelling to support their point.
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Exactly. The article smells of being sponsored.
It’s PR for OpenListings. Lots of startups do PR like this.
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I love these news with catchy themes to drive page views.
It is not easy, but it is doable. Obviously don’t expect first time home buyer to buy their dream home. But it is doable.
So one article mentioned house cost as % of monthly income from 15% up to 40%. Well, if both husband and wife works at tech, then that % reduce to half. Not difficult to buy home, assuming they have the downpayment.
Another article mentioned average teacher salary is $72k, and only can afford 0.4% of homes. I recall last year there was big hoopla when some school admin said they are moving out of Bay Area because she and her husband cannot afford to buy house. Then their was a lot of talk about building housing just for teachers. Average teacher salary in some cities (like Palo Alto and Los Altos) are in 6 figures. Cannot believe everything you read nowadays. Not fake news, but sensationalized news.
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