4 ms·

How many folks actually have $250k they can just drop on a mortgage downpayment?

• jedberg 7y ago
  It would be $200K, but 20% is a pretty standard down payment. Yes, it would take a while to save up that much, which is why housing around here isn't affordable, but it's also pretty standard.
  • kec 7y ago
    $1.2M * 0.2 = $240k. No one I know in the Bay Area who has bought a home in the last ~8 years has been able to scrape together 20%, everyone puts down less and gets PMI.
    • rapsin4 7y ago
      Anyone working at FANG 250k is trivial.