I’m actually one of those “bitter renters” you hear about. I went back to school awhile back with the intention of 1. graduating 2. getting decent job 3. staying in San Diego, I love it here (used to anyway).
By the time I finished my degree at UCSD, and got a fairly good job, I found out I was completely priced out. I did all the “right” things. I got the degree, paid off all the student loans, got a decent job, carry no credit card debt, rent the same “college” apartment, and still drive the same beater car that carried me through the college years. And I still can’t even come close to affording (forget the ARMs) an average house in SD.
Yeah, I’m bitter.
Very soon I will give up and take one of those jobs in Kansas or something.