3 ms·
I’m sure you can, but you can qualify for loans that do not make for a happy life. You start calculating CA taxes and what that monthly house payment is with to
by agentofoblivion 3y ago
I’m sure you can, but you can qualify for loans that do not make for a happy life. You start calculating CA taxes and what that monthly house payment is with todays interest rates and I don’t think you’ll be feeling rich. Broad strokes: while salary is double compared to Seattle, home prices are triple or more.
Quick numbers: monthly take home on $800k in CA is $33k (40% tax rate!). Monthly payment on $3M according to Zillow is about $20k a month. That leaves $13k for all family expenses and saving for retirement. In Seattle, our credit card statement averages $8k, so I wouldn’t feel great about that margin.
- mnky9800n 3y agoI pay similar taxes in Norway on my salary. I guess if you don't have a pension and you have to worry about healthcare costs then this is reasonable. I dunno, I feel like if I was banking 5000$ a month then I would be quite happy. 60k a year on m$ft would make me very happy haha. I don't have a family. What are your family expenses out of curiosity? Like school tuition and clothes and stuff?