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> You can't buy a house now with $250k/yr in inner sunset. Go to Zillow and find me a nice house you can afford on $250k/yr and won't be house poor in the end w
by whynaut 6y ago
> You can't buy a house now with $250k/yr in inner sunset. Go to Zillow and find me a nice house you can afford on $250k/yr and won't be house poor in the end with.
> You're not even close to being "poor in the end with it"
> The fact that you think this would make you "poor" is absurd and quite frankly, insulting
"House poor" is a distinct term that describes a home purchase where home expenses (not just mortgage) drain cash flow in a way that prevents hitting other goals - hence this point:
> You shouldn't be spending close to 50% of your take home on RENT. You will never be able to retire and live the same lifestyle.
A very different notion than "poor" alone. Also, you'd have to put at least closer 25-30% down on that home without absolutely perfect credit; jumbo loans have been tightening awhile.
> Again, the median family income in SF is less than $100k, and they seem to be doing fine.
What do you mean by doing fine, exactly? Not to nitpick, but I was under the impression most people buying in SF are not native to the city.