Bay Area Housing Dilemma

In most parts of the country, buying a home is a rite of passage for a young or newly married couple or someone who has settled into a career.

The U.S. Census Bureau reports that at the end of last year, 64.2 percent of Americans were homeowners, but that percentage varies dramatically by age. Of people age 65 and older, 79.2 percent owned homes, but among those under 35, slightly more than one in three—36 percent—were homeowners.

If you live in the Bay Area, you might be chuckling at those statistics. Housing prices in this region are stratospheric and steadily increasing. Between the fall of 2016 and the fall of 2017, the median price for a single-family Bay Area home jumped 15 percent, to $825,000, a new high, according to CoreLogic. The dream of home ownership remains out of reach for many people, even when couples are each making six-figure incomes. (more…)

Your Housing Psychology

by Lois A. Vitt, Ph.D.

Few events test relationships and decision-making skills more dramatically than the search for your dream home.  In deciding to buy or sell, move or stay, downsize or expand, most Americans do not realize how complex this decision-making process really is.

However, a successful and fulfilling housing result is more likely when you consider your housing psychology—that intersection where the role of “place” in your life, human interaction, and finance all come together.

A housing decision is the watershed of everything in your life:  the physical aspects of where and how you live; your livelihood; your physical, emotional, and financial well-being; your safety and security; your intimate and social relationships; your sense of community; and your greatest pleasures and your deepest pain. (more…)