4 ms·
In Bay Area 250K will get you around 155K post-tax. It means you would have about 2K/month after morgage which is insane.
by wetpaws 9y ago
In Bay Area 250K will get you around 155K post-tax. It means you would have about 2K/month after morgage which is insane.
- pxeboot 9y agoInsane, yes, but 2k/month is still a lot more then most American families live on after paying their rent/mortgage.
- lorenzq 9y agoLets not forget property taxes, which would wipe out again half of that if not almost all of that.
- frgtpsswrdlame 9y agoI mean if we handwave away the mortgage. A 10k/month mortgage is a $1.4 million dollar house on only a 15 year mortgage. Push to the 30 year and you're at like $2.2 mil. Besides 2k/month after mortgage isn't so bad, I wish I knew what the median after taxes and rent/mortgage income is but I guarantee it's nowhere near that high and it comes with nowhere near as nice of a house.