[quote=AN][quote=ocrenter]4S and SEH is perfect for middle class families that put good schools on top of their list. $400-$600K range is what 4S/SEH homes should be at. Essentially, we are looking at folks that make around combined $125k range.
If you are in brackets over that, it isn’t your cup of tea.
The problem of course is the bubble pushed the prices beyond the $600k barrier even though the houses remained in that $400-$600k quality. Especially the north side where the houses are even more tightly packed in as the builders hurried to jam in homes as the bubble was ready to pop.[/quote]
There’s no way a HHI of $125k could comfortable afford $400-600k with the HOA & MR that those areas have. Now, if you remove the HOA & MR, then I would agree with you. With HOA and MR at 4S, Del Sur, & SEH level, I would say the price should be more around $300-500k for a HH with HHI of $125k to comfortably afford.[/quote]
There is a difference between two income family making $125K combined and one-income family with college-educated stay-at-home-by-choice parent making the same amount of money and the latter is more common than the former in 4S Ranch.
PITI on $500K with 25% down in 4S is ~$2600-$2800. With tax deductions we are talking $2-$2.2K month. It would be nicer if it was $1,500, but $2,200 on one salary of $10K/month is doable without much stretching.
