Of course SF doesn't compare to most of America. I live in an area closer to MCOL. Median houses are ~375k (and the median house is fairly spacious, 2 stories), while a median 1BR apartment rental is ~1.1k/mo.
When you add the fact that mortgage rates are low and house prices went up +50% last year, home ownership sounds pretty nice. People that bought a house a couple years ago have already broke even when you count equity.
When you add the fact that mortgage rates are low and house prices went up +50% last year, home ownership sounds pretty nice. People that bought a house a couple years ago have already broke even when you count equity.