Why should we trust someone who claims to "need" the amount of (250000 x 2) dollars just to stay happy? And I guess I'm really asking: What are you like to work with?
Either you are being deliberately obtuse, or you went through your school years without learning an iota of reading comprehension. Let me re-quote myself, with bold to help you deal with the complexities of middle school reading skills:
I needed to make $250K... and my wife had to make about the same just for the both of us to buy a house that I can buy in South Florida (not a cheap real state market) with just my salary alone.
In South Florida (Broward County to be more specific), a 3/2 home with a decent patio
(say 5K square feet), in a good school district, with a two-car garage, could cost me
approximately $250K tops.
A similar house in San Francisco will cost me NO LESS THAN $750K. No less.
Now, let's do the math since, you know, this is a site for geeks and shit like that.
A typical down payment could be about 5%. 20% if we go with a conventional loan.
Such a down payment on the hypothetical South Florida house would amount to $12K tops
(or $50K with a conventional loan.) Those are median values, meaning you can be
able to pay less.
Now take those percentages and apply it to the comparable San Francisco home. What
do we get? The lower end of a down payment becomes $36K. For a conventional loan,
it would be $150K. And these are no median values, these are bottom values.
I do not know about but I cannot make a $150K down payment, not unless both my
wife and I make half-a-million combined a year. Considering I am forced to pay
PMI insurance if I don't pay at least a 20% down payment, I don't think I want to
make a $35K down payment just to scratch off %5 of the base price.
Regardless of whether I were to pay 5% or 20% off such a property, the monthly
mortgage payment will be eating my paychecks. I would be living just to pay such
a house. Forget about college savings for my two little girls (which is pretty much
what my wife and I save for) and forget about sending my girls to see their grandparents
Either that or I have to give up having a patio for my kids to play. Heck, I would
have to give up living in a house and rent a hole in the wall just to be able to save
for a rainy day.
In South Florida, with my current salary by myself, on the other hand, I can make a $12k
down payment (or with great sacrifice a $50K taking down 20% of the property and thus
skip paying PMI insurance.)
Either way, my mortgage payments would not eat my salary, and I can save for college
savings, pay for my kids's extra curricular activities, and I dunno, perhaps get
a decent car for my wife to take my kids around to school and stuff.
So if you are too fucking stupid to wonder why I need that to make me happy, I guess my
short answer is: shit, I want my kids to have a patio. Nothing fancy, just some patch of grass
where I can put a swing or something, maybe a dog. A place where my kids can invite their
friends to pay as they grow up. I don't want to live in a hole in a wall like in Tokyo
(I've been there, I know how that is) which is what I will have to live like in San Francisco.
And call me crazy and vain, but shit, I would like to live in a good school district.
And to add insult to injury, I would like to buy a new car when needed, and I would like
to retain my ability to pay shit in cash as opposed to live on a line of credit.
In other words, I would like to retain my financial independence and be able to save for
my kids' college education, and my retirement, and a vacation here and there. Since I
slugged my way through college while flipping burgers and driving forklifts at the Home
Depot, I don't know, I feel I might have a chance to do so. Crazy, I know!!!
Nothing outrageous, just the normal shit one would expect to be able to attain with a college
education in a 1st world country. I can do that with one salary alone in South Florida. We
would need two salaries making up half-a-mill in San Francisco.
So banal and selfish, right, right, right? It's like shit, this dude is just kinda like
totally untrustworthy, right up to Mardoff caliber. I'm what's wrong with 'MURICA!
So, as of what I'm like to work with? I will leave that to your imagination, using my
oh-so-vain and despicable material wishes of not having to put the bulk of my income on paying
for a regular house, not a fancy house, but a regular house with a white fence and shit.
Here is a quarter. Now go to a public phone and call Michael Moore so that he can make a
documentary about how selfish and untrustworthy and pain-to-work-asshole I am.