If they bought the house for $200k OVER asking, I can only imagine what the price of the house was. You’re just asking for financial trouble doing this and expecting prices to only go up. They gambled and lost. It’s astonishing that $320k/yr is only able to ‘get you by’ in CA.
“It’s astonishing that $320k/yr is only able to ‘get you by’ in CA.”
If you are bound and determined to spend all you make, all income levels are just enough to “get you by”.