Housing Prices in the Bay Area
Last week, I spent the entire week in Scottsdale, Arizona. I hardly noticed the 100+ degree weather because I was comfortably situated in the conference rooms in the Westin Kierland Resort which had terrific AC. The conference, events, and rooms were awesome. It even had a high-end Scotch bar that I visited during the evenings. Though I would have had a better time, if I hadn't started my two week vegan diet 3 days before arriving. Regardless, it was productive seeing and meeting new and old co-workers and friends.
I don't travel far that often for work any longer, so I extended my stay to visit a few friends. It was great to see one of my married friends really thriving in Arizona. The husband started a new role at a premiere consulting company and the wife had just received a promotion at a large technology company. They lived a modest but comfortable life with two new high end luxury cars along with a newly remodeled house that they just purchased. The were profitable with their rental property as well. They were enjoying life, kicking butt at work, and taking names.
On my return home to San Francisco, I knew opportunities for success seemed much more difficult to obtain. People who live in the Bay Area know that you have to hustle here. Everyone is working to keep up or come up with next big idea. With family and friends in the area, I can't see myself moving anywhere else except when I retire. The question keeps lingering, why is our city so expensive to live in? Do people here have to take big risks here to make it? If I stay content, then what road will that lead me to?
I realized the damn housing prices in the Bay Area is causing everyone to have some heartburn. I took a look at three properties last weekend and realized you can't buy a starter home in the bay if you don't have a million dollars. Essentially you will have to risk it buying a condo or town-home that could potentially drop at a higher rate than a single family home. I feel like everyone is extending their means here to buy a house. This in turn makes work much more stressful because you have to produce in order to succeed and support this lifestyle. Overall, you are either going to buy into this housing market now or let it pass you up when prices continue to pass you up. It seems like you have to take that leap of faith in order to succeed over here... no risk, no reward, I presume.
On my return home to San Francisco, I knew opportunities for success seemed much more difficult to obtain. People who live in the Bay Area know that you have to hustle here. Everyone is working to keep up or come up with next big idea. With family and friends in the area, I can't see myself moving anywhere else except when I retire. The question keeps lingering, why is our city so expensive to live in? Do people here have to take big risks here to make it? If I stay content, then what road will that lead me to?
I realized the damn housing prices in the Bay Area is causing everyone to have some heartburn. I took a look at three properties last weekend and realized you can't buy a starter home in the bay if you don't have a million dollars. Essentially you will have to risk it buying a condo or town-home that could potentially drop at a higher rate than a single family home. I feel like everyone is extending their means here to buy a house. This in turn makes work much more stressful because you have to produce in order to succeed and support this lifestyle. Overall, you are either going to buy into this housing market now or let it pass you up when prices continue to pass you up. It seems like you have to take that leap of faith in order to succeed over here... no risk, no reward, I presume.
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