[irish guard]

Remember, this is a husband and wife (stay at home mom) who moved from another town after selling a home for just over $100,000 and bought a new home for $400,000....bought a new car for $40,000 (Ford Excursion) and his job is estimated to pay no more than $125,000 per year. Another thread had a list of all the stuff they were selling at their old home...The movie deal is not far fetched. You can all jump on me for the rumor thing, but how do you make ends meet at $125,000/yr.(gross)and a mortgage of $300,000? That is a big jump in risk.

[I_Love_My_Husband]

Irish, many homes here in the Bay Area are unfortunately $500k, and people are not making $125K a year, so yes, it's affordable for them. I can't give you the specific details because I'm too poor and live in a run down neighborhood, but yes, loads of people are doing that.

[monkeywrench]

"You can all jump on me for the rumor thing, but how do you make ends meet at $125,000/yr.(gross)and a mortgage of $300,000? That is a big jump in risk." Maybe they had an inheritance somewhere along the line.

[Danielle]

You can all jump on me for the rumor thing, but how do you make ends meet at $125,000/yr.(gross)and a mortgage of $300,000? That is a big jump in risk.

That is not an unusual amount for a mortgage to salary ratio. Most mortgages are 30 years.