Salary Requirements for a House in Silicon Valley

allenc.com

3 pointsallenc2 comments

"You’d have to start by coming up with ~$220k in savings for the down payment + closing costs, and then take out a mortgage for the remaining $800k"

For most folks, the down payment is the hard part and this doesn't seem to be addressed often enough.

If you are making $100k, how long is a reasonable amount of time for you to save up that $200k?

Well factor in rent and student loans etc... And then sometimes you can borrow from your 401k for the down payment.