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epitaph
2012 Sep 3, 4:04am
These numbers seem incredible. I seriously doubt that the average Joe makes 1.8k/wk here in the south bay.
San Francisco, CA
$459 /SF
$1478 ave wage/week
20.6 Years to save
It wasnt always like that.
Live-Work Law for Artists Roils San Franciscans
By JOHN McCLOUD
Published: April 27, 1997
A report released this month by the National Association of Home Builders put San Francisco's median residential price for 1996 at $285,000. With prices beginning at $175,000 to $200,000, lofts are the cheapest nonsubsidized units on the market, according to David Becker, a broker with Ritchie Commercial Real Estate. They are, nonetheless, still too expensive for the artists for whom they were intended, Ms. Hestor said.
http://www.nytimes.com/1997/04/27/realestate/live-work-law-for-artists-roils-san-franciscans.html
http://www.theatlanticcities.com/housing/2012/08/how-long-will-you-need-save-buy-home-your-city/3085/
Metros with the Least Affordable Housing
U.S. Metro
Median price per square foot
Average weekly wage
Years of savings to make a 20 percent down payment*
San Francisco, CA
$459 /SF
$1478 ave wage/week
20.6 Years to save
#housing