Yes- San Jose PD is getting better-
But stop for a second and think - $100K for an officer...
That is not poverty as the bulk of the town makes way less than that
https://www.payscale.com/research/US/Location=San-Jose-CA/Salary
$100K individual income is for sure higher than the median. But barring a catastrophic decline in prices that somehow doesn't also hurt your income, it will never be enough to allow you to buy a house here.
I don't want to derail this thread and turn it into an analysis of Bay Area economics, so I won't show how the numbers break down, but suffice to say that none of the usual rent-vs-own rules of thumb work here.
sure google engineers make $125K
No, that's (at least part of) the problem. Alphabet employees as a whole, including non-engineers, make a median $200K including bonus and equity (and more if you also include the free breakfast/lunch/dinner, transportation, gym, 401(k) match, etc). And Alphabet has grown from 50K to 100K employees in just the last three years, so that $200K median includes a lot of entry-level new college grads -- senior engineers make a lot more.
When thousands of couples with $500K combined income are competing for limited housing, there's just no way that anyone with an ordinary non-tech job has a chance.
What does the typical Non college grad make in San Jose..... If you are married.. and making $150K+ then Palo Alto is out of your budget... Lots of places around the foothills to buy a 4-5 bedroom home for $900K- 1.3M
Haha, yeah, Palo Alto (median price $3M) is out of your budget even at $500K+ income.
Zillow shows 19 5-bedroom houses (for a metro area of 2 million people) listed for $900K-1.3M. None are the mansions that people in other areas might be imagining; some are under 1500 square feet and the largest I see is under 3000. Nevertheless, most will sell for over the asking price. All of them are on the outskirts of San Jose, well over an hour's commute from Google and Apple, which is why they're so "cheap".
stop for a second... how many high school grads - no college- buy Million Dollar homes???
Hardly any around here. Even highly-educated well-paid tech workers can't afford to buy; most of the unmarried Google engineers I know are renting and have roommates.