Double income $500K/year (common among folks who work for the Internet companies) can borrow up to $3mil (6x income). There are still many homes affordable to s

Double income $500K/year (common among folks who work for the Internet companies) can borrow up to $3mil (6x income). There are still many homes affordable to such folks. For listings below $2mil, there are usually 8-10 offers. For the hot ones, there can be 20 offers.