> $46,000/year is $3833/month, which if you go by this calculator for mortgage payments [1] is less than an $800k house. If you live in the Bay Area, you know that you can't buy a shack for $800k unless it's in the Tenderloin.

They were including $4,000/month rent in the original calculations. If you're talking about buying on a mortgage then you should be using $7833/month.