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If a heart and brain surgeon can’t afford a house in California, they need to look at their spending. Are they trying to qualify for a 20 million dollar mortgag
by rhexs 5y ago
If a heart and brain surgeon can’t afford a house in California, they need to look at their spending. Are they trying to qualify for a 20 million dollar mortgage or what?
That’s an absurd anecdote.
- dam_broke_it 5y ago1 million over asking would make anyone blanche....
- reducesuffering 5y agoIt is absurd. Bay Area prices are far too high, but there are still many suburbs in Bay Area proper that are $6k/mth payments. With current 1.5% 30-year mortgage premiums over 10-year treasury rates, you're effectively only paying (1.5% * mortgage) per month + property tax, because most of that money is saved going into principal of the house loan and the house price keeping with inflation. So net worth wise, you're only wasting around $2k/mth to live there... (out of a $30k/mth after-tax making staff engineer, and assuredly a $35k+/mth after-tax making surgeon couple) Of course, if you're too uppity to live in places like San Leandro, that's a you problem.