SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : US Inflation and What To Do About It
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: RetiredNow who wrote (1151)10/8/2019 10:36:30 AM
From: John Vosilla  Read Replies (1) of 1504
 
What kind of homes are they looking for? 3 bed 2 bathroom starter homes or something bigger?

3-4 bedrooms at least 2 baths with 2 car garage..vaulted ceilings spacious and open. perhaps 1400-2200 sf living area keep the monthly PITI 28%..

$200k mortgage 3.75% 30 years $926 + $400 taxes insurance escrow ... about $57k gross household income needed

KISS method basically even lower rates people can borrow 3.5 times household income now.. used to be 3 times or less

of course this doesn't come close to working in our large coastal cities.. Just checked out Morgan Hill south of Bay Area,,starter 1700 sf townhomes just under $700k...lol
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News