We're looking at Los Altos and Palo Alto close to my wife's work.
I would have loved to have bought in Palo Alto in 2008 early 2009 -- I really like Eichler homes that were in the $1.2m range then -- but my wife thought I was crazy for wanting to take out a $600k mortgage. She accused me of wanting to show off so I told her forget it.
Here we are, less than ten years later, essentially paying double. I've been trying to rationalize this with myself for the past year but I can't get over it. We wasted so much money on rent.
Yes, we don't need to live in Los Altos or Palo Alto, but because of my heath issues, we need to live close to her work so she has a short commute. There are no guarantees, but she's a safe bet to be with her company for some time (knock in wood) especially given she's Chinese and in corporate and her company is big on diversity.