Say hypothetically you are buying a 1.5 mil place-
So say you put 300k down, then you have a 1.2 mil loan
At 4.375% APR, monthly mortgage is 5991
Property tax (1.2% CA) 18,000/yr
Condo, so HOA 1500/month
Average monthly cost - 9k/month
So what monthly income do you think is needed to...