4 ms·

I bought a $1MM house in the bay area on a salary 1/10th of that. $2MM/year TC buys you a heck of a lot of house.

• akomtu 5y ago
  You probably meant you were given a loan to buy a house.
  • xyzzyz 5y ago
    Yes, that’s how people typically buy houses. Deeming a salary low if you can’t buy a house with one year of after-taxes, after-expenses income, sounds rather insane to me.
    • akomtu 5y ago
      No, they don't. They lease houses from banks, with a possibility to buy it in 30 years.
      • xyzzyz 5y ago
        That’s not how mortgage works, no.