Cost of Living Too High
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10/15/2008
My family and I rent in Redmond so I can retain the ability to share in family dinners. The availability of affordable housing close in to the tech-sectors economic cores of Redmond, Bellevue and Seattle is low and requires families with incomes even 50% or more above median to live 40-60 minutes away from work if they choose to buy. Even there the decision to buy requires one to accept greater risk (read buy more than I think is affordable). In the up market people rationalized that pretty heavily. Because we returned to the area after the market appeared to be peaking we sat it out, and that is one financial decision I feel fortunate for making.
Geoffrey | Redmond, WA