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Wanted to follow back up on my original comment in this thread since to add some data since I can't seem to edit it now. I didn't do this in the Bay Area, I did
by ethanwillis 8y ago
Wanted to follow back up on my original comment in this thread since to add some data since I can't seem to edit it now. I didn't do this in the Bay Area, I did this in the Southern U.S.
- gnicholas 8y agoMakes sense! Things like FHA-backed loans are a much more effective tool in less-expensive regions. When the cost of a 3bdrm/2ba is $1.5M (roughly the current cost for a suburb outside Palo Alto), the maximum FHA loan max only gets you halfway there.