So you owned real estate that you bought 20 years ago? So if you had to pay today’s prices for that same house/condo/whatever and made the same money now as then, how well off would you be? Educate me. What we are talking about is affordability now, not 20 years ago.
As I mentioned I lived there until June last year, I am well aware we are talking about now, there are 32 people in our office 28 of them do not make over $100,000 and all live there or within 45 minutes, those coming on board in the last 5 years avg is around $50,000 starting out- they do not all own homes but most 20-30 yo IT workers probably don’t. Do you think someone making $100,000 living in SF is not able to afford to live there?