Let's say I want to buy a starter home in Sunnyvale for $1.4m, how do people pay for this?? Even with a 300k downpayment, the mortgage would be almost 8k a month, that's several thousand more than my take home pay a month after taxes.. I've always heard that housing shouldn't be more than 30% of your income, does that mean that everyone who owns a house here makes 25k a month?
It’s really easy. Just have two incomes three side businesses and driver Uber in the nights.
And suck dick on any free time.
And your significant other does the same, he/she delivers doordash for better tips
Yes. Not only software folks, but also business owners earn huge amount of money in Bay Area.
How tf did you come up with $8k? It should be closer to $5.5k, which is a big difference.
How are you getting 5.5k. 4.1% 30 yr at 1.1mil is 7.1k monthly without including hoa and taxes in escrow
Your math is wrong, principal and interest alone for 1.4M w/ 300k down, 4.1% 30 year fixed is $5,315.
Households with both husband, wife in tech can easily make 700k. Should 8k per month be too much for them ?
Prove it
What? Prove what?
Not every home is 1.4m. come on!! There r plenty of condos and apartments of all sizes. You basically get what u pay for. Sadly it's adorable mostly for tech workers.
That's BS. Average tech salary for Eng and Managers are around 150k which means your take home will be 101k which is $8400 / month. So it's not possible unless the wife would have a take home salary of 5k in which case then it would be barely possible.
That's why you move to Seattle or low CoL places
Same story there too.
What would be the range one should expect to pay at Seattle for good school district , safe area - 3 bedroom house ?
> Sunnyvale for $1.4m, how do people pay for this?? > Even with a 300k downpayment, the mortgage would be almost 8k a month Math doesn’t checkout. IIRC it should be less than this. > I've always heard that housing shouldn't be more than 30% of your income Yeah this doesn’t apply in the bay for most of people.
Rent a house instead. We paid around $4500 for a nice house near Atherton (3 br 2 ba, 850 sq ft). Or just leave like we did. $4500/mo here in Seattle got me a 3000 sqft new construction house with some land.
Where in Seattle?
I bought a house near Renton, lots of new development but surrounded by shit. Got more for my money vs Bellevue, Issaquah. We like it for now but will likely sell in a few years to buy a house on Lake Sammamish or somewhere on Mercer Island.
Personal Finance
Yesterday
3544
IRS took 73K 😭
2024 Presidential Election
6h
1288
Biden ruined America and tech! Tax plans are insane
India
15h
1433
Lost respect for Modiji
Tech Industry
20h
2630
Go woke, go broke: Google fires 28 employees involved in pro-Hamas protest
Tech Industry
Yesterday
1615
TikTok or stay in 🍌
I don’t know how u get a monthly cost of 8k lmao
About $7k including property tax and insurance