What kind of house would you recommend to working couple in their early 30's with total TC=400K

Apple Nanga
Sep 5 19 Comments

Wife is a Product Manger and I'm SWE working in the bay area with total TC = 400K a year.

We plan to have kids in 2 years and our parents would visit us every now and then.

Do you recommend a Single-family house or Townhouse or Condo?

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TOP 19 Comments
  • FourthWall Media 80%Comple
    Get a SFH with a yard big enough to have a nice little swing set and play catch. You’ll want 4 BR so that probably puts you in the $1.5m range, but you should be able to afford the mortgage. In your 30s, one or both of you could upgrade jobs and get to 600k TC within the next couple years easily.
    Sep 5 9
    • GE / Product BYEGE
      @Oath that’s nuts. I’m @ 165 TC with a 290K mortgage (lower cost of living area) and I’m comfortable. Can’t imagine where I’d be on a 600k mortgage which is roughly proportionate.
      Sep 5
    • Assuming I can put more downpayment than conventional :)
      Sep 5
    • FourthWall Media 80%Comple
      If they have 20% down and 20k+ take home pay per month, they can afford a ~7k mortgage payment. But I’ll echo a couple other posters below and caution against buying as big as you can afford. 3 BR, $1mm budget is probably best for young family.
      Sep 5
    • New WQfd76
      Apple, if you stop eating all of your meals in restaurants or take out, then you could easily afford that. We spend so much frighten time at work and on the road, nobody has time to cook. If you look at it, a couple could easily spend over 100 dollars per day on meals. Then there is all those other services we pay for that allow us to work more and commute further. They key is to let go of the conveniences and start doing it all yourself. It’s easy to get wrapped up in it. I’ve been in the industry since 1990 and only a few years ago I realized how much money I was putting out on convenience. It was so depressing. That goodness for 401k, RSUs and increased housing values or I would have pissed it all away.
      Sep 5
    • Intel 🥜 TC
      4 BR for 1.5 ?! Where is that, San Ramon ?
      Sep 5
  • Microsoft / Eng cooo
    Save some money for the kids expense, u will need them.
    I have two kids, and my monthly expense on kids are a lot higher than home mortgage.
    Also u need to consider your wife quit job and stay home take care pf kids etc.
    Also u may need to spend money on nanny..
    Nanny costs A LOT
    Sep 5 0
  • Google ShakeBake
    Townhouse close to work is better than SFH with long commute.

    Make some extra memories with the time saved, rather than having to spend more time cleaning a bigger house.
    Sep 6 0
  • NVIDIA tourister
    Get the fuck out of the bay area and get a tech company wfh job both of you if you want a good life.
    Sep 5 0
  • Bloomberg jdxR17
    The one in the best school district you can afford without loosing sleep at night? Also jobs are here today, maybe not here tomorrow, but your mortgage with monthlies will only go up up up.. word is a recession will soon follow.
    Sep 5 0
  • Snapchat bigfert
    RV
    Sep 5 0
  • New bbsfojs
    You need good neighborhood with good school.
    Sep 5 0
  • Western Digital gopher🧐
    Stay close to at least one parents work
    Sep 5 0
  • Uber gRtV35
    Anything that’s actually attached to land
    Sep 5 0
  • 3 bedroom SFH is fine. Your kids can share a room, but that’s a few years from now so don’t worry about it.

    Definitely SFH though, if you have kids. You can definitely afford it with that TC if you avoid lifestyle inflation.
    Sep 5 0