It’s Now More Expensive To Buy a Home in San Jose than San Francisco
June 23, 2022 4:17PM PDT
Not a good time to buy a home, especially in the Bay Area. Zillow.com has a new report stating that the typical monthly mortgage payment in the Bay Area jumped over 50% from ONE year ago! It’s now over $9,000 per month in San Jose, and above $8000 in San Francisco. To put this into perspective, to afford a median-priced, single-family home in San Jose, you would need a household income of $255,635 per year.
Is this the twilight zone? 😵
Photo: Alpha Media Library