Median home price in San Diego is 860k right now. Rates are at 6.9%.
After a 10% down payment, the mortgage payment + taxes etc is $6000/mo or $72k a year.
That's 81% of median household income (89k) in San Diego. That's a hell of a DTI.
EncoreBubble
@encorebubble
Tracking the excitement of the new Real Estate bubble, circa 2022, from the point of view of a first time home buyer.
Joined July 2022
