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My argument was not that reasonably priced houses don't exist in the BA. My argument was that they don't exist without a relatively lengthy commute.
Its going to differ from place to place. We commute from the Oakland area to Foster city- thus the very tail-end of SV. It takes us around 30-35 minutes each way. That said- commuting from Oakland to Mountain View would be abysmal. I have actually turned down jobs in and around Mountain View and Curpertino just because those areas were too far away and too expensive to rent or buy in. I'd only move there is I were offered a massive salary. So if you live in Mountain View... then I can see your dilemma. Sounds like you are too deep inside the expensive confines of central SV to have any reasonable options as far as commuting goes because all around there is way too pricey.
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This spring, do you think the housing balance will tilt toward supply or demand?
Will there be a higher supply to demand ratio, due to pent up need to sell and/or distressed properties going to market, pushing prices down due to a relative oversupply?
Will there be a lower supply to demand ratio, due to low interest rates, now creeping up, increasing the number of interested buyers and pushing prices up?
Will the two cancel each other out, with no effect on prices?
#housing