Hacker News new | ask | show | jobs
by kec 2597 days ago
How many folks actually have $250k they can just drop on a mortgage downpayment?
1 comments
jedberg 2597 days ago
It would be $200K, but 20% is a pretty standard down payment. Yes, it would take a while to save up that much, which is why housing around here isn't affordable, but it's also pretty standard.
link
kec 2597 days ago
$1.2M * 0.2 = $240k.

No one I know in the Bay Area who has bought a home in the last ~8 years has been able to scrape together 20%, everyone puts down less and gets PMI.

link
rapsin4 2597 days ago
Anyone working at FANG 250k is trivial.
link