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Dec 30, 2019 | 03:11 PM

#91

Nighteyez

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Joined: Nov 2006

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From: Fresno, CA.

Happy Monday all.

Jim

Dec 30, 2019 | 08:01 PM

#92

GlueGuy

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From: Mts. S. of San Francisco

Quote:

Originally Posted by Fifty150

The Sunset used to be a working person's neighborhood. Affordable. But I guess it all depends on where you work. With home sales topping 7 figures, the math is obvious.

Probably true. Our nephew has owned his home there for quite a few years now. He got it when it was only in the middle 6 figures. Seemed kind of pricey at the time though.

Dec 31, 2019 | 10:30 AM

#93

Nighteyez

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From: Fresno, CA.

Happy New Years Eve fellow Nor Cal folk. Be safe tonight.

Jim

Dec 31, 2019 | 12:44 PM

#94

GlueGuy

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From: Mts. S. of San Francisco

If you want to post this year, today's the last day.

Tomorrow we will be able to say hindsight is 2019.

Dec 31, 2019 | 05:32 PM

#95

Nighteyez

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From: Fresno, CA.

Hindsight is 2018 at the moment. LOL

Jim

Dec 31, 2019 | 09:14 PM

#96

Fifty150

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I'm still in the 1970's.

Dec 31, 2019 | 09:37 PM

#97

Fifty150

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Quote:

Originally Posted by GlueGuy

Probably true. Our nephew has owned his home there for quite a few years now. He got it when it was only in the middle 6 figures. Seemed kind of pricey at the time though.

I used to hear that a house you can afford is equal to about 10 years of your salary, and that you should have about 20% down payment. If you have $200,000 cash for a down payment, and make over $100,000 a year, you might be able to buy a house. But maybe not. Because those numbers don't add up anymore. In today's world, the reality is that a bank will want to see at least $180,000 in income before they make that kind of loan.