4 ms·
Holding paper-gains equity doesn't provide monthly cashflow to buy groceries. :)
by throw0101a 3y ago
Holding paper-gains equity doesn't provide monthly cashflow to buy groceries. :)
- dewey 3y agoI'm sure 200k will cover that, even in the SV.
- cdchn 3y agoI got some bad news for you.
- OkayPhysicist 3y agoThe Bay Area is expensive, but it's not THAT expensive.
- cdchn 3y agoIf you've got a family to support and you need to rent or try to own a home you're going to have a tough time with 200k.
- OkayPhysicist 3y agoI don't know how you're coming to that conclusion. 200k's not going to buy you a large house, but it'll comfortably pay rent/food/savings for a 2-3 bedroom house or apartment for a family of 2-4 in all but the very most expensive parts of the Bay. For mortgages, you'd need to be looking in the cheaper parts of the Bay, but that still means "dense, boring suburb" as opposed to "crime-ridden slum".
- cdchn 3y agoThey didn't say "Bay Area", they said SV.