[gaurav_v]

You have excluded the sentence which immediately follows his stated income: "The median-priced home in San Francisco costs $1.5 million, and a person needs an annual household income of $303,000 in order to afford the 20% down payment on a home that expensive."

I agree that it is a bit tone deaf.

[akcreek]

I do not understand that logic at all. Having a household income $303K says nothing about how much down payment you are able to afford.

[jeffrey_t_b]

Perhaps it meant to say that one needs a $303k/yr salary to support a $1.2M mortgage (i.e. the loan on a $1.5M house after a 20% downpayment). At an interest rate of 3.5%, that's about $5400/month. A $303k salary is maybe about right for that, considering taxes (income and property), insurance, private schools/daycare and things like "food". Wow, this can't go on.

[andechs]

Vancouver and Toronto are super overheated by the influx of foreign capital.

Here's a stellar 2 bedroom house relatively near me: https://www.blogto.com/city/2018/01/everyones-shocked-toront...

[true_religion]

He had his wife's income so likely the family made more that 300k. As a successful physician, they may have pulled in more than 500k total.

[tomjakubowski]

Surely, being married to a working physician, their household income well cleared that mark.