Wife + I make ~ 360k together. (likely will cross 380k by eoy) Savings: ~ 500 k cash & stock no liabilities or kids pre approved for 1.65 mm on just available cash we’re debating on what should be our target price for atleast a 3 bed home in south bay area. looking to get popular opinion
The price level in Sunnyvale has risen sharply in the last couple years. Look elsewhere. And be conservative.
You can buy a decent sfh in San Jose or townhome in other South Bay neighborhoods with the conservative budget
I don't see much of a difference between the three options 🤔
What's the breakdown of your TC vs your wife's? And are you both SWE? I ask because I'm trying to get a sense of your earning potential.
Always go for the max you can afford. Your salary goes up by time.
🤦♂️
Spending other people’s money is easy!
Check what mortgage % interest you will be paying
You should be able to afford 5 times of your gross pay (before taxes).
The property tax on a home like that is going to be ridiculous, and I don't think there's much more room for appreciation in this market. But who knows...
Where is the option for “buy elsewhere”?
No plans to move out of South Bay
Just set your money on fire instead. You’re buying into a bubble