By Louis Hansen | [email protected] | Bay Area News Group August 3, 2018 at 12:51 pm Tech workers might seem to have it made — free meals, lavish parties, their own HBO comedy and the quarterly rush of excitement when stock option profits hit their Schwab accounts. But are they paid enough to put roots down in the Bay Area? More than 60 percent of tech workers in an unscientific poll say “No.” The survey by Blind, an anonymous messaging app used by thousands of tech employees, found a strong majority of techies at 13 Bay Area companies say they cannot afford to buy a home here. Nearly 7 in 10 employees at Cisco, eBay and Intuit say they can’t break into the housing market. Even the majority of developers and supervisors at trillion-dollar valued Apple (63 percent), Facebook (51 percent) and Google (51 percent) say they can’t buy the American Dream in the Bay Area. The survey suggests big compensation doesn’t translate into buying a … [Read more...] about Do tech workers make enough to buy a house in the Bay Area?
Advice buying a house
Share This Story! Let friends in your social network know what you are reading about Facebook Email Twitter Google+ LinkedIn Pinterest Slain rapper Lil Lonnie wanted to use first 'mega check' to buy a house for his family The interviewer says, "What are you doing, selling drugs or some sh-t?" "I don't do none of that," Taylor said. "I've got morals that I stand by." Sent! A link has been sent to your friend's email address. Posted! A link has been posted to your Facebook feed. Join the Conversation To find out more about Facebook commenting please read the Conversation Guidelines and FAQs Subscribe Today Log In Subscribed, but don't have a login? Activate your digital access. Therese Apel, Clarion Ledger Published 10:29 a.m. CT April 30, 2018 | Updated 1:59 p.m. CT April 30, 2018 CONNECT TWEET LINKEDIN COMMENT EMAIL MORE Well-known Jackson rapper Lonnie "Lil Lonnie" Taylor had big plans for the money he planned to make … [Read more...] about Slain rapper Lil Lonnie wanted to use first ‘mega check’ to buy a house for his family
Q: Our daughter just started college and we are seriously considering buying a house near the campus. Our plan: Assuming she stays in college for at least four years, when she finishes her first year, she can move into the house, and we can rent rooms to other college kids. We believe our daughter is capable of managing the property.Our problem: Her college is in a different state, and while we have experience buying property where we live, we want to make sure we are doing the right thing. Any suggestions? A: Without knowing all the facts, it sounds like a good plan; it will save you money on college expenses and hopefully make you some money at the same time.You should immediately retain a local attorney. If you don’t have any names, you can contact the local bar association in the county or state where the college is located, and they will provide you with some names.Once you have a lawyer on your side, she or he should assist you in getting a local real estate agent that will … [Read more...] about Is it smart for parents to buy a house for their college kid, then rent out the rooms?
For most people, owning a home is one of the centerpieces of financial independence. If you can buy a home and set a floor on your housing costs, it gives you a great deal of financial freedom, especially when you retire. But housing these days is getting expensive, particularly in cities like Denver. According to Zillow, the average cost of a home in Denver is about $400,000, which is around 8 percent more than last year. In early 2012, the average cost was roughly $215,000, which means prices have been appreciating at about 10 percent a year. For most people, their household income hasn’t risen 10 percent a year. Thus, housing just keeps getting more expensive. This is true in many cities that become hubs for technology and high-skill jobs, as Denver is becoming. Places like San Francisco, Seattle, Washington, Boston and New York simply have not gotten cheaper. Given what we know about rising housing costs in attractive cities, if you want to stay here, you … [Read more...] about It’s easier to qualify for a mortgage, but should you really stretch to buy a house now?
Let's just be clear: It can't be done. Millennials cannot save enough to buy a house by foregoing avocado toast. (Unless, of course, a particular millennial is ordering avocado toast every day, three meals a day, which even another millennial is likely to acknowledge is a bit excessive, not to mention tedious.) But let's say you're a fairly normal millennial with a reasonable penchant for superfoods, and you order two avocado toasts per week – eight per month – at a whopping $22 each. If you gave up every healthy smashed avocado sprinkled with creamy Feta, it would save you a mere $176 per month. At today's paltry interest rates, that's likely to net you just $11,000 in five years, which isn't enough for a car, much less a house. Of course, if you gave up smashed avocado permanently, you could, perhaps, have enough for a traditional down payment on a house in 20 to 50 years, depending on average home prices in your area and the rate of return you're able to earn on your … [Read more...] about Buying a house with avocado toast