2007-02-13 22:53:21 · 6 answers · asked by gaby p 1 in Travel ➔ United States ➔ Los Angeles
Let's do a little math, shall we? At $100K per year, that rounds out to about $8300 per month. Of that, you'll probably have about $6000 take home pay. Your mortgage payment or rent should be 33% (up to 50%) of your take home pay, so that means you can afford $2000-$3000 per month. Calculating mortgage interest, insurance, and taxes, that means you can afford a $300,000- $400,000 loan at current interest rates. So, if you want to live at the beach, you can buy a tool shed or outhouse. Go ahead and check the MLS. You could afford something modest, or live far away from the major cities. In OC, you could afford a small home.
Where would I live? I like Brea, Yorba Linda, and Tustin, and Irvine.
Good luck!
2007-02-14 10:23:02 · answer #1 · answered by Capt. Obvious 7 · 0⤊ 1⤋
For $100k a year, I could afford a one-bedroom apartment instead of the converted garage i live in now.
2007-02-14 07:58:35 · answer #2 · answered by chieromancer 6 · 0⤊ 1⤋
That won't buy you much in California, especially in a big city or near the coast. If I could live anywhere in California I would live in San Diego.
2007-02-14 04:10:49 · answer #3 · answered by Kam 2 · 0⤊ 0⤋
If I made that much... I would love to live next to the beach (Manhattan Beach). There is another place that I have thought is really nice the outer edge of San Pedro... With it's old huge houses nice views that would be my second choice. Third Choice would have to be Hancock Park.
2007-02-14 01:27:47 · answer #4 · answered by Mike Hunt 5 · 0⤊ 1⤋
If you made $100K a year, enjoy your condo or townhouse. Or check into the desert...
2007-02-14 02:06:37 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I would live in anaheim hills =)
2007-02-14 04:25:48 · answer #6 · answered by snap242 3 · 0⤊ 0⤋