3 ms·
Not sure if anyone below director can afford a mortgage in Mountain View.
by astrange 2y ago
Not sure if anyone below director can afford a mortgage in Mountain View.
- fragmede 2y agoI know that's hyperbole, but here's something for $600k. Let's say it goes for $700k. 20% of 700 is $140k. An L4 engineer at Google makes like $300k. round down to $200k post tax. live in shared housing for $2000/month; that's $24k/yr, add $2000/month living expenses on top of that, is another $24k. Stick $2000/month into 401k, Save the rest (200-24-24-24 ) 128k and you'll save up $140k in a bit over a year. bam; owner, not renter. Now, whether this is better than renting, and putting the money into the stock market is totally other question, but even L4's at Google can afford a mortgage in Mountain View. https://www.zillow.com/homedetails/50-E-Middlefield-Rd-APT-40-Mountain-View-CA-94043/19517548_zpid/ https://www.zillow.com/homedetails/50-E-Middlefield-Rd-APT-4...