Average cost of renting a two-bedroom in 2016: $3,692
Cost sharing: 2 people
Income needed to pay rent: $216,129
Most people in the bay area, share a room in an apartment, condo or house. Most engineers fear that they will never be able to buy a house in the bay area. The average cost of a house/land in Mt View, California is $2 Million. Many more are sharing their place, some even converted their garage or living room as a bedroom. Some live in a big trailer or van parked near their workplace.
Many envision to work in the valley for some years and buy a house outside of California to raise a family. We have one of the best schools in the bay area but if half of monthly income goes to paying house rent, how will our children afford to buy their own house in the future.
Email email@example.com for a modular house, circular shape, made in N Carolina at $25k per 500 sq ft size and if you want to share the cost of buying a house, invest in remodeling more rooms for airbnb. In Palo Alto, a room is rented out from airbnb for $80 per night and $135 per night in Mt View whenever there is a big conference in one of the high tech companies. We all have to join forces to build affordable homes. Turn vacant government buildings and spaces to build rooms for teachers and the poor and middle income.