San Jose is ranked as the No. 1 most expensive city to buy and rent, with median home prices at $1.5 million and rentals at $3,331 monthly.
Michelle Perry notes a significant influx of buyers from out of state or other countries, causing locals who want to stay and buy to fall outside home affordability.
Brett Caviness highlights the difference between renters and buyers, asserting that renters often seek short-term benefits while buyers view homes as long-term investments.
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