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?
Afford to buy a house
Share This Story! Let friends in your social network know what you are reading about Facebook Email Twitter Google+ LinkedIn Pinterest Home prices: Here’s what you need to earn to buy a house in these big cities Owning a home in San Francisco, San Jose or New York can really break the bank, with total costs at more than double the U.S. national median. Sent! A link has been sent to your friend's email address. Posted! A link has been posted to your Facebook feed. Join the Nation's Conversation To find out more about Facebook commenting please read the Conversation Guidelines and FAQs Kenneth Kiesnoski, CNBC Published 1:00 p.m. ET March 5, 2018 CLOSE Prices are up 12.7%. Time CONNECT TWEET LINKEDIN COMMENT EMAIL MORE Record-low inventory is causing home prices to rise across the U.S., so higher salaries are now required to afford monthly housing payments, according to SmartAsset. The financial technology firm … [Read more...] about Home prices: Here’s what you need to earn to buy a house in these big cities
THE chances of a young adult on a middle income owning a home in the UK has more than halved in the past two decades. The biggest collapse in home-ownership since 1996 has been among 25-34 year olds who earn between £22,200 - £30,600 a year after tax according to a report.# The Institute of Fiscal Studies found a third of this group are university graduates and almost two thirds have children. Experts said the number of homeowners had plummetted the furthest in the South East as well as across every region in Britain. IFS senior research fellow Andrew Hood said: “For those on middle incomes, their chances of owning their own home have fallen from 2 in 3 in the mid-1990s to just 1 in 4 today. How to get help buying a houseTHERE are several government schemes available to help you get on the housing ladder. Help to Buy loan: This scheme is for those who have a 5 per cent deposit, and is only available on new-build properties that are worth less than £600,000. The … [Read more...] about This shocking graph is the reason why young people can’t afford to buy a house
Hal M. Bundrick, CFP, NerdWallet Published 7:00 am, Tuesday, February 27, 2018 This article was first published on NerdWallet.com. Trisha and Dennis Rawlings, a couple in their early 30s, are moving to suburban Chicago and leaving their over-60-year-old first home in the St. Louis area behind. “We were looking at potentially buying a house,” Trisha says. But in the area where they want to live, the options within their budget were limited to purchasing an older home or building a new one. The couple loved the features of a modern, new-construction neighborhood with a pool, a clubhouse and excellent walkability. And taking out a construction loan and building a house means they’ll avoid the ongoing maintenance that comes with an older home. Recommended Video: Now Playing: It was a best seller on day one - with some buying in bulk! Michael Wolff's "Fire and Fury: Inside the Trump White House" flew off the shelves on Friday in the United States. … [Read more...] about How to Buy a House That Hasn’t Been Built Yet
If you and your partner are dreaming of buying a home together one day, you'd better ask these five questions now to see where you stand. Audrey Ference, provided by Published 5:30 am, Wednesday, February 7, 2018 Photo: Stockbyte/Getty Images Image 1of/1 CaptionClose Image 1 of 1 Photo: Stockbyte/Getty Images Hope to Buy a House Together Someday? Pop These 5 Questions Now 1 / 1 Back to Gallery Love may be blind, but if you and your significant other hope to buy a home together someday, it's important to go in with your eyes open. That can mean you'll need to pop some questions about money—right now. "Couples often go house shopping first before they even think about the mortgage," said Chris Lewis of Angel Oak Home Loans. "But that's like getting married before your first … [Read more...] about Hope to Buy a House Together Someday? Pop These 5 Questions Now