For the unfamiliar, I’ll explain that “bought the farm” is a phrase used by country people to describe a situation in which a person or pet has faced a mortal danger. For example, a farmer might say, “My dog just about ‘bought the farm today’” when a trucker drove by and the dog got close to the wheels, trying to run him off the place.
The reason this metaphor--”bought the farm”--is used by my people is that they know that it takes most farmers and ranchers their entire lives to pay off a mortgage on a piece of land large enough to raise a family, and some aren’t able to do it, on account of droughts, floods, tornadoes, blights, and swings in the price of land, insecticides, fertilizers, equipment, and the commodities market.
For city slickers in the Bay Area, buying a single family home is probably the closest approximation to buying a farm in the Midwest. Even though the housing market has slowed a smidge since its all-time high a year ago, the selling price of a single family home or condo in the Bay Area is still quite high. According to Zillow, the average selling price of a single family home in Hayward last month was $900,000.
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