[Waving from Santa Clara]
How's the weather in the city, today?
I might have gone the condo route, but it doesn't work out so well with four kids. So, I'm building equity locally, instead. I actually can't complain much about my situation, because I bought back when things were still reasonable. If I had to buy my own house in today's market, I couldn't pull it off without the equity I have now. The mortgage would be around $3700 a month, plus about $600 a month for property taxes, would leave me with about $900 for everything else.
No dice.
Nice and clear, but too cold for me - less than 55 degrees is practically Arctic for us!
The mortgage payment on my (admittedly very nice) condo would be around $6,500 a month. I'm renting it for a little over a third of that. I can afford to buy here, but nothing about the numbers makes sense at this time...so I prefer not to.
$900 for everything else would be tough even for me with no kids.