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.
For $25k per 500 sq ft – net zero prefab homes in your backyard, contact firstname.lastname@example.org. This is shipped from NC USA.
New York City’s scarcity of inexpensive land is often cited as an impediment to building more affordable housing, but the comptroller’s office has identified more than 1,000 city-owned vacant lots across the boroughs that have been sitting idle, most for more than 30 years.
In the bay area, there are city lands that are vacant that should be allocated for affordable housing to show our care to the middle class and low income families and millenials.
Our population, those working in the high tech and non-high tech can no longer afford the high cost of housing in the bay area.
In a rented house, about 7 working adults are cramped to share the cost of $6000 per month house rent. How can our millenials and families afford housing in the bay area?
Please email your comment to email@example.com to share and find solution to bay area’s high costs of housing.
If New York turns all its vacant lots for affordable housing, bay area cities should follow the same.
Young and old want to move to a smaller house for practical reasons, mobility and changing times. With smart phones, computers and availability of travel choices, people wanted to be mobile and not be burdened by the cost of owning a large house.
In the bay area, that means mobile homes, condos, towhouse, apartment, senior assisted living, care homes and living with other family members.
A widow in Oregon, rented out the other bedrooms in her house. A grandma lives with her grandchildren. A divorce parent lives with their adult children. Many renters share a room in a house in the bay area.
An uncle bought a house and have his relatives/family members rent out each room in the house in the bay area.
What are some other ways we can cut housing costs which eat up more than a third of our paycheck?
Many seniors are in a dilemma to downsize or not considering the cost of living in the bay area. Health wise, seniors are not mobile as they used to be. In case of any medical emergency, they need to act fast and be close to a hospital or health care facility. Many emergencies happen during the night and early morning and signs and symptoms cannot easily be detected by family members.
The cost of houses in the bay area skyrocketed that it is common sense to sell an expensive home and live in a small unit and use the sale of the house for health care costs and retirement income.
Many young couples opted for smaller affordable homes to be able to have enough money for other important expenses.
It is sad that many families in the bayarea are spending half of their income on house rent. Many older generation plans to move out of the bay area to downsize and spend their retirement money wisely.
In care homes, many seniors have sold their homes to pay for nursing homes.
In the bay area, half of the jobs are contractual and families have to move from city to city to find an affordable place to live.
Some of those who stayed prefer their parents, who are now grandparents, to care for their babies and waiting for the time when they do not need babysitter to move away from expensive houses in the bay area.
Many take two jobs and spend less time with family to pay for house rent.
Others use every room in their house as rental income to supplement their income and pay for mortgage or get extra retirement income.
Others use airbnb or live in a rented room while they have their house being rented out for income.
What will you do to afford the housing costs in the bay area? Email firstname.lastname@example.org
For caring caregivers for homebound bay area seniors, call 408-854-1883.