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agentofoblivion | 2 years ago

I’m sure you can, but you can qualify for loans that do not make for a happy life. You start calculating CA taxes and what that monthly house payment is with todays interest rates and I don’t think you’ll be feeling rich. Broad strokes: while salary is double compared to Seattle, home prices are triple or more.

Quick numbers: monthly take home on $800k in CA is $33k (40% tax rate!). Monthly payment on $3M according to Zillow is about $20k a month. That leaves $13k for all family expenses and saving for retirement. In Seattle, our credit card statement averages $8k, so I wouldn’t feel great about that margin.

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mnky9800n|2 years ago

I pay similar taxes in Norway on my salary. I guess if you don't have a pension and you have to worry about healthcare costs then this is reasonable. I dunno, I feel like if I was banking 5000$ a month then I would be quite happy. 60k a year on m$ft would make me very happy haha.

I don't have a family. What are your family expenses out of curiosity? Like school tuition and clothes and stuff?