I’m basically in the same boat as you with above average annual income (@185K), sizable downpayment (about $100K) and all I can get into is a $500K home? Not that it’s not fundamentally sound or anything, but I don’t want to live in any neighborhood that is currently priced in the $500K range in Los Angeles.
I still think there is 15-20% left to drop up here. I’m not even considering buying until next year, which means Uncle Sam is going to get their full measure out of me this year…just the standard deduction!
