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- Nov 30, 2013
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3 bed 2 bath around 1,600 square feet that needs work is about $1,200,000 on the low end in my neighborhood and like you said you need to overbid and bring cash. Fuck me right in the goat ass.
So ive owned for a decade now and no interest in moving...but who the fuck can afford 1.2 million mortgage? Wife and I make a 250k a year and would never go near that high.
And believe me I love California and look at the prices occasionally.. so I believe its real. I just don't get who's buying? Are there no middle class home buyers? Or are middle class people buying and paying 60% plus of their income towards mortgage?