3 ms·
Salary Requirements for a House in Silicon Valley
- beamatronic 11y ago"You’d have to start by coming up with ~$220k in savings for the down payment + closing costs, and then take out a mortgage for the remaining $800k" For most folks, the down payment is the hard part and this doesn't seem to be addressed often enough. If you are making $100k, how long is a reasonable amount of time for you to save up that $200k?
- sjg007 11y agoWell factor in rent and student loans etc... And then sometimes you can borrow from your 401k for the down payment.