20, 30 something gets down payment from parents, buys 650k condo, has 2 roommates/friends pay $750k a month each, 75% of income goes to housing, 25% toward car and wave runner, lives off the $1500 cash he doesn’t claim with uncle sam.
Side note… owner and 2 roommates park on the street because no parking in front of 650k tandem garage which house wave runner, beach cruisers, & skateboards.
Did I miss anything?”
You missed a lot… I know more than one owner of a $650k condo in PB… here is one scenario for you: Married couple, both professionals, 2 children, combined income of over $200k… down payment came from savings. Don’t assume families with children don’t want to live in condos or PB, because that assumption is wrong.
