I get paid decently, but still not enough to buy even a starter home.
I saw this post that pretty much describes my situation, so I'm shamelessly and lazily copy-pasting.
Let's say I want to buy a starter home in Sunnyvale for $1.4m, how do people pay for this??
Even with a 300k downpayment, the mortgage would be almost 8k a month, that's several thousand more than my take home pay a month after taxes..
I've always heard that housing shouldn't be more than 30% of your income, does that mean that everyone who owns a house here makes 25k a month?
PS: I live in Fremont but in the same situation.