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San Francisco Bay Area
Reply to "How do People in the Bay Area buy 2-3 million houses"
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[quote=Anonymous][quote=Anonymous]because you stretch way more than you intend to. We planned to spend 1.5 million but ended up spending 2.75. A lot of people do this. We had a huge mortgage and it made me nervous. We ended up selling it 3 years later for 400K more than we bought it for. You also start looking in one area and then realize you have to look in another area. You have to compete with all cash offers and multiple offers. [/quote] So you happened to have enough to put 20% down on a home that was nearly double your original budget? Or did you finance it differently?[/quote]
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