I wonder if NYC is low because so few here even consider owning and getting a mortgage.
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NYC is #5 on the chart. It's not low.
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And with Prop 13 gone that percentage will increase....Not possibly sustainable.
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wrong way. Prop. 13 enabled the huge rises in prices. Tax savings were priced into asset values.
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recently moved from Bay Area to Sac to buy our first home. Hubs commute is long, still better then 68% tho!
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What on earth are low-income people in SF taking out mortgages for
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