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Comment by usaar333

I find it better to look at rentals than house prices, because house prices are being driven up by people who really, really want to own (due to few sellers). (More at https://medium.com/@usaar33/why-you-shouldnt-buy-a-home-in-t...)

Your 1500 sq home probably would rent for about $4300 a month in Redwood City (https://www.zillow.com/redwood-city-ca/home-values/). That home would probably rent for about $1900 in Portland (https://www.zillow.com/portland-metro-or_r394998/home-values...)

A $30k/year rent difference requires ~$48k more income to cover (at 40% marginal tax rates). My guess is that the 100% salary jump is more than enough to cover the housing increase (probably handles all COL difference), making SF more favorable, especially if you don't want a very large home or are quite senior.

parent usaar333 8 years ago

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