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San Francisco Bay Area
Reply to "How do people in the Bay Area LIVE?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Combined income $200K, house purchased on 2011 for 900k. It’s a small fixer upper that we’ve barely fixed up because we can’t afford all that needs to be done. But we are in a great town in S. Marin for the schools and quality of life outside real estate makes it worth it. We live small within our house but large outside. [/quote] How did you save the $180k down payment on your salaries?[/quote] Not the PP, but Bay Area rents were nowhere near as high as they are now in 2011--it was much easier to save for a downpayment. We did it on $130K over four years or so (albeit pre-kids, which helped!) I'm not sure how families new to the Bay Area do it now if both partners don't have six-figure salaries--but I think it's also far less common for people to move here without those types of jobs, given how high the cost of living has gotten.[/quote]
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