arethinn: Lady Godiva looking pensive (sad (lady godiva))
According to the study from the HSH.com mortgage information website, a $216,181 household salary is required to buy a median-priced house in the San Jose metro area, while $171,330 is needed to buy a typical home in the San Francisco metro. That’s assuming a 20 percent down payment on a 30-year fixed loan.

Drawing on third-quarter data, HSH looked at the nation’s 50 most populous metropolitan areas. In the San Jose metro, the median price was $1,165,000, requiring a $5,044 monthly mortgage payment. In the San Francisco metro — which includes Contra Costa County, as well as Oakland and all of Alameda County — the median stood at $900,000 and the typical mortgage payment was $3,997.

http://www.mercurynews.com/2017/11/20/216181-thats-the-household-income-needed-to-buy-a-house-in-san-jose-metro-area-report-says/

This is why we can't have nice things. Literally.

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Arethinn

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