Alternate Identity Where I have a home in CA the average starter home price is now $1.2 million and the average professional couple who are buying those homes have annual incomes of $300K-$500K. Our engineer friends in the area make near $200K to start, and closer to $300K after 10 years. That's in the medical device, bike and solar engineering sectors.  Our friends who are senior engineers at Apple all make above $300K.  (Even our specialized contractor friends--tile layers, flooring contractors, etc.) make in the $300K-$500K range. At salaries/remunderation like that, you'd certainly be able to afford a $1.3 million home.  Which--and this is the point--is what is driving and holding up expensive housing prices in CA and other pricey areas. You could have afforded the house you grew up in.  You might not have wanted to deal with a lot of other aspects--population growth, traffic, air pollution, crime, etc. but you are fooling yourself if you think--with those degress-- you could not have become a CA homeowner of a home lsuch as  you grew up in.

Alternate Identity Where I have a home in CA the average starter home price is now $1.2 million and the average professional couple who are buying those homes have annual incomes of $300K-$500K. Our engineer friends in the area make near $200K to start, and closer to $300K after 10 years. That's in the medical device, bike and solar engineering sectors.  Our friends who are senior engineers at Apple all make above $300K.  (Even our specialized contractor friends--tile layers, flooring contractors, etc.) make in the $300K-$500K range. At salaries/remunderation like that, you'd certainly be able to afford a $1.3 million home.  Which--and this is the point--is what is driving and holding up expensive housing prices in CA and other pricey areas. You could have afforded the house you grew up in.  You might not have wanted to deal with a lot of other aspects--population growth, traffic, air pollution, crime, etc. but you are fooling yourself if you think--with those degress-- you could not have become a CA homeowner of a home lsuch as  you grew up in.

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