Bay area dating alternative professionals
Of course, buying still might be a worthwhile investment over time depending on your mortgage and if you plan to stay awhile. Census Bureau data (5-year 2013 American Community Survey estimates), we equally weighted the percentage of renter-occupied housing and the median rental vacancy rate.
Home to Facebook and the Stanford Research Institute, Menlo Park has an expensive housing market.
In the town of Los Gatos, southwest of San Jose, renters spend about 28.7% of their median household income of 2,476 on rent costs.
But it can be more difficult to find a place — vacancy rates and the percentage of housing for renters are lower here than in other cities in our top 10.
And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free. And there’s no sign of prices falling anytime soon as the strong job market in San Francisco and Silicon Valley lure more people to the area.
We believe everyone should be able to make financial decisions with confidence. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. " For renters and homeowners alike, finding an affordable place to live in the San Francisco Bay Area is like discovering the needle in an ever-increasing haystack.
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In 2012, buying a home in the Bay Area was 24% cheaper than renting, but by May 2014, that difference had flipped, and it’s 6% more expensive now to buy than rent, according to the New York Times.