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A comment on Bay Area hammered by loss of jobs: Lack of affordable housing strangles hiring. Parent comment

Re:Bay Area hammered by loss of jobs: Lack of affordable hou... by 0x445442 on Monday October 23, 2017 @01:42PM (#15535149)
And as long as the after tax take home pay of the 2 people is no less than 16K/month and it's a 15-20 year fixed rate mortgage then things should be fine.

The back of the napkin numbers on those parameters; each of those people need to have a salary of 130-150K/year. Certainly not crazy for the well placed Apple, Google and Facebook employees but pretty much a pipe dream for the unwashed masses.

[ Parent | on HN ]
Re:Bay Area hammered by loss of jobs: Lack of affordable hou... by TuringNYC on Monday October 23, 2017 @01:44PM (#15535183)
>> 15-20 year fixed rate mortgage

forgetting property taxes?

[ Parent | on HN ]
Re:Bay Area hammered by loss of jobs: Lack of affordable hou... by 0x445442 on Monday October 23, 2017 @02:26PM (#15535604)
The historical rule of thumb is mortage + taxes <= %25 of take home pay.
[ Parent | on HN ]