>>I'd love the city I'm sure, but after glancing around I've come to the conclusion that home ownership is unthinkable to anyone who hasn't had a cash-out event.
I've never understood this crazy, if not outright insane obsession with home ownership. Why does everyone want to tie significant amounts of their lifetime earnings into physical property that historically has had very low appreciation in value? It's like people have forgotten about the housing bubble popping just five years ago, causing large portions of the population to take big hits financially. (And what is the current real estate craziness in SF, if not another bubble that will inevitably pop?)
Even seemingly rational reasons for home ownership, such as being able to raise a family in good school districts, fail to stand up to critical scrutiny. There are many stable renter neighborhoods with great schools.
I've never understood this crazy, if not outright insane obsession with home ownership. Why does everyone want to tie significant amounts of their lifetime earnings into physical property that historically has had very low appreciation in value? It's like people have forgotten about the housing bubble popping just five years ago, causing large portions of the population to take big hits financially. (And what is the current real estate craziness in SF, if not another bubble that will inevitably pop?)
Even seemingly rational reasons for home ownership, such as being able to raise a family in good school districts, fail to stand up to critical scrutiny. There are many stable renter neighborhoods with great schools.