I consider 800k the “low end” of “high end” but the house you can buy with that 800k is a “mid -range” house even after giving credit for being in socal.
Above 500K is the new effective high end since larger part of purchase price will be down payment. That is a steeply declining curve on the affordability chart. Of course, million $ + will be truly high end since fewer of them will be bought with a mortgage, putting them out of salaried bracket.
Above 500K is the new effective high end since larger part of purchase price will be down payment. That is a steeply declining curve on the affordability chart. Of course, million $ + will be truly high end since fewer of them will be bought with a mortgage, putting them out of salaried bracket.
Above 500K is the new effective high end since larger part of purchase price will be down payment. That is a steeply declining curve on the affordability chart. Of course, million $ + will be truly high end since fewer of them will be bought with a mortgage, putting them out of salaried bracket.
