Hi: You're comparing different demographics and different stats. Can you please try again.
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In 1977, my single mom who worked as a receptionist in LosAngeles , was able to buy a house, have a car, and support her kids.
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Olds stuck too though -- we want to move to move to more walkable areas which are affordable housing impacted. So nowhere to go.
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Which is why we need to build more in walkable hoods, and new ones from scratch. Release the squeeze.
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In Silicon Valley we have a system now where young people have to build equity building companies, then transfer that equity to housing.
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Helps explain why boomers have led opposition to new housing in SF, as we wrote about last month,http://bit.ly/2nK5yzr
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I agree with the other oldster--I'd like to get something small and walkable, but prices are too high, even with my equity.
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One bd condo is about 530-550k here, I don't know if that's what you're seeing. Can afford a little over 1/2 a house for that.
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