How much can I afford? Most buyers set a target price without doing any homework. Since Silicon Valley homes are so expensive, most buyers will not be happy with homes at their initial target price and want to spend more.
Homeownership is considered to be one of the great wealth creators available, second only to stock options. The math below shows that owning a home can create close to $1M in personal wealth over 10 years! Monthly Cost of Home
Below is an explanation of how Prop 19 changes your ability to transfer your existing property tax base to a new residence, as summarized by the California Association of Realtors. How does Proposition 19 change the rules on tax basis