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How To Live In Silicon Valley When You Can't Afford To Buy Here
Many young, well paid Professionals and Tech workers come to the Silicon Valley for good jobs, its wonderful weather, and incredible cultural and family friendly amenities. But they get here and find that the cost of Silicon Valley housing is prohibitive, or impossible to buy buy to the competition in their price range.
Another issue that comes up all the time is that a young buyer can afford to buy a home, but does not want to live where or in what he or she can afford in the Silicon Valley.
Added to this is the new tax bill which severely limits the amount of mortgage interest which is deductible and the substantial decrease in property tax and state income tax detectability. These changes make housing even less affordable for the average Silicon Valley resident.
When faced with this dilemma many are choosing to rent in the Silicon Valley instead of purchasing a home in the Silicon Valley.
I know there is a better way, because I have done it myself.
My solution is this:
Buy a rental property and rent your primary residence in the town where you want to live. When renting in the Silicon Valley you can almost always pay less than you would have ... more
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