Rent in cities like NYC and San Francisco is so expensive that it's pricing people out of the real-estate market, and some of them are turning to houseboats instead

Housing costs have become so expensive in some cities that urban-dwellers are living in houseboats instead of apartments.reported Alyson Krueger for The New York Times

For residents, living on a houseboat evokes a certain kind of lifestyle that can feel like a vacation and bring them close to nature, Krueger said.

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San Francisco Bay Area home prices fall for the first time in 7 yearsNot since the bottom of the last housing crash have homes in the San Francisco Bay Area lost value. But prices follow sales, and sales have been running extraordinarily low since last summer, when mortgage rates spiked. Hmm....I wonder if the poo had anything to do with this? 💩 Great !! now 2% of the population can afford to live there and they will keep falling, home price have been dropping all around the planet.
Source: CNBC - 🏆 12. / 72 Read more »