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user-inactivated · 3448 days ago · link · · parent · post: American homeownership is at its lowest since 1967... and is still falling.
I have a friend working for Google who is paying $4900/month for a two bedroom apartment over the hill from Mountain View. That is close to $60K a year JUST TO PAY RENT. I've lived in that insanity and my mind still has a trouble thinking about this. To put the cost of living in perspective, his rent every year is about what my house COST. My mortgage including escrow is less than his HOA fee. There is a lot to say about how living in the Ohio Valley sucks; the cost of living is not one of them.