When the math doesn’t add up for property in California’s priciest markets, some renters are becoming vacation home owners, and commuting there on the weekends. Many people are finding they can get a much better value for their money by heading out of town.
Homebuyers that go for this kind of home-away-from-work arrangement are also adopting a different way of life. If you rent in the San Francisco Bay Area, for example, and you buy a place near Lake Tahoe, you will be spending a lot of time commuting to and from your job each week. But you will also have the satisfaction of home ownership.
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