Earlier quoted context omitted.
>There's also a cost of liquidity. $10,000 sitting in a bank account at 0.1% is arguably worth more than $10,000 of equity in a house that might take 3 months to sell. You make a big assumption with that statement. It strongly (and wrongly) assumes that the monthly payments for owning a home are the same as the rent plus whatever you would be putting into savings. There are plenty of homes in other places you can buy…
I don't spend anywhere CLOSE to $2000/mo on rent, and I live in a pretty nice place in the middle of SF. That's really what I'm getting at: if you're single and don't have a family, and you're happy with roommates and not living in a palace, then you can enjoy SF and not only not go broke, but you might save a penny or two. Now if your life situation is such that the whole "single and don't have a family" thing doesn…
More details, please? I've been trying to look for places recently and everything seems to be exorbitantly priced.