Is $140k salary + $60k of RSU +$2200/m of other income survivable in Bay Area?
Married and want to rent or buy a house in a non shit area. Currently in SoCal. Wife income is: $80k not included in op Pls respond#mortgage #housing
Your wife/husband can work as well ?
Yeah for $80k
Is that a combined household income or just yours?
No just mine. Wife is $80k salary
Nope not a livable income need to trade wife for higher TC if u want to survive
Probably not buying anything in a non-shit area. Budget is gonna be tight, but you will survive
Any rentable areas you recommend until I hit senior? It seems like a decent place is the same price as a $1m mortgage
Do you have kids? If no kids, you can do a nice 1B for 3.5k in Palo Alto. If you have kids, 5-6k is enough for an older home in Sunnyvale. You definitely aren’t buying anything built on this side of the century in a non-shit area for 1m. You’re gonna get stabbed in Oakland
Don’t buy a home. You certainly can live decent with your TC.
Over $300k combined TC and no children? That’s more than enough to live well
Maybe at a trailer park
300K will definitely get you a house and decent life in some parts of bay area. Ignore the naysayers
Depends on how far away you are considering still to be the Bay Area.
You will do great and have plenty of money if you are renting. If you think owning a home is necessary, ehhhhh
You can live well if renting. Harder if you want to buy a house unless you have significant amounts saved for the down payment.
I’m a veteran. No down payment necessary with va loan but it maxes out at $965k + we will have $100k cash from our current home sale. Even with let’s say a $950k budget we can only afford Hayward or Oakland right now.
Some part of Fremont, with some TLC doable at that budget
Yes, you can live like a king!
Woah thanks!! In Los Gatos I assume?