I'm looking for housing between South SF and mountain view. I've got around 500K for a down payment and make $280K base/yr. I have around 200K/yr equity additional that won't be sellable for a few years.
What price range should I be looking at? Online calculators seem to suggest 1.8M to 2.1M. Seems so high but maybe it's fine...
Made this a poll to get more engagement but please feel free to elaborate.
comments
1. Talk to a real estate agent and a bank or two. You can afford any fees.
2. The housing market is tightening, and I (along with many, *many* others) expect it to tighten further due to the incoming trade war, volatile SA relations, and market corrections. (That long over due bear market is really gonna hurt).
3. If you want rough numbers, it sorta depends on your lifestyle and expenses, but for a 30 year that range that you gave makes sense. However, a bank will happily give you more than you need. You do not need a 3m home that won't hold its value. You might need an apartment and fat savings for the next 3 years to ride out price deflation.
I see number of offers going down , but people still buying