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If you’re single in San Francisco, it’ll take you 17 years of income to buy a home

Hey Youngters! Take a look at this and save your money. Great post!

The Context Of Things

I pretty much summarize every article Richard Florida writes on CityLab, so I might as well go ahead and summarize this one too. This is about “How Many Years Of Income It Takes To Buy A Home In Various U.S. Cities,” so in some ways it’s like this post. This stuff is relevant to me because part of the reason my wife and I were comfortable deciding to move to Texas was the idea that it would be easier to get a house eventually (as opposed to living in the Northeast, etc.) Also, U.S. residents are going to spend $10 trillion (with a T) on housing over the next decade or so. That’s an insane amount of money; might explain why the construction industry is happier than most.

So, let’s dive into this, shall we? 

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Grew up in a small Texas town. Heavily involved in extracurricular activities: piano, violin, dance (ballet/jazz/tap), tennis, horseback riding (english/western), taekwondo, basketball, soccer, volleyball, percussion, drumline, orchestra, band, mascot, pageants. I had the typical Tiger Mom upbringing. Went to college, medical school, residency, and fellowship. Amidst the ups and downs of life, allow me to share with you my journey...as an "ordinary" person who happens to be an MD.

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