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Old 01-09-2018, 07:26 AM
 
Location: I is where I is
2,099 posts, read 2,323,960 times
Reputation: 2359

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Quote:
Originally Posted by justinbro2002 View Post
Concord is over 40 miles from Fremont that is close to two hours during commute times.
Depends when you start work, sure if you start at 9am, the traffic will be awful.

I usually leave around 6am, and I can get to San Jose in 1hour 15mins (without a wreck). Today for instance (I live in Pleasant Hill), and to get to Tesla, it took me exactly an hour.
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Old 01-09-2018, 01:32 PM
 
Location: State of Transition
102,188 posts, read 107,790,902 times
Reputation: 116087
Quote:
Originally Posted by Wintermomma View Post
I think $150K Fremont was excellent, until you said you were a family of 6 and you want to own a home for $600K, presumably that fits a family of 6..
This was my reaction, too. With a gaggle of kids, you'd have to figure out how to generate a 2nd income, working from home. At some point, you two would have to realize you can't afford more kids, I would think. You can't see how having 4 is more expensive than 2? (Not to mention that 5th one on the way.) 2 kids can be accommodated in one bedroom, so you could make do with a 2-br. apt. 5 kids jumps it up to 4 bedrooms, even if the kids double up. I'm sure you can understand how that affects the price of the rent (or RE purchase) you need to pay, to house them.

Scientist? IDK about semiconductors, but has he considered New Mexico? Los Alamos and Sandia National Labs hire scientists, pay them well, and the COL is cheap in most places.
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Old 01-09-2018, 02:20 PM
 
Location: Silicon Valley, CA
13,561 posts, read 10,348,473 times
Reputation: 8252
Quote:
Originally Posted by Ruth4Truth View Post

Scientist? IDK about semiconductors, but has he considered New Mexico? Los Alamos and Sandia National Labs hire scientists, pay them well, and the COL is cheap in most places.
How about Austin, TX? There are a lot of semiconductor companies around there.
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Old 01-09-2018, 03:00 PM
 
Location: Portland, Oregon
10,988 posts, read 20,556,080 times
Reputation: 8261
Or even Boise.
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Old 01-09-2018, 03:09 PM
 
Location: Silicon Valley
3,683 posts, read 9,857,373 times
Reputation: 3016
Your husband needs to make 2x what he makes now to live here. Try Phoenix (Chandler/Tempe), there are semiconductor jobs there too, and a COL you can afford.
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Old 01-09-2018, 05:14 PM
 
1,021 posts, read 1,664,016 times
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Quote:
Originally Posted by MediocreButArrogant View Post
Your husband needs to make 2x what he makes now to live here. Try Phoenix (Chandler/Tempe), there are semiconductor jobs there too, and a COL you can afford.
Yeah cause everyone family in the bay area makes a minimum of $350k/yr. $150k is gonna be fine if they buy a $600k house @ 20% down that is like $3250 a month piti payment. Like a 30 dti is easily doable.
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Old 01-09-2018, 05:28 PM
 
Location: Pleasanton, CA
2,406 posts, read 6,036,677 times
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Quote:
Originally Posted by justinbro2002 View Post
Yeah cause everyone family in the bay area makes a minimum of $350k/yr. $150k is gonna be fine if they buy a $600k house @ 20% down that is like $3250 a month piti payment. Like a 30 dti is easily doable.
With a $150k/year income, how are they going to save the that 20% to put down on a house while currently paying rent and having 4 kids to take care of? Even living a frugal, debt-free lifestyle, do you realize how long that will actually take?

Where are they going to find a $600k house that's not a total dump within reasonable commuting distance to Fremont? A $600k single family home in the Bay Area is usually a small fixer-upper these days and is usually in an unsafe area and/or bad school district.
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Old 01-09-2018, 06:13 PM
 
1,021 posts, read 1,664,016 times
Reputation: 1821
Quote:
Originally Posted by mstnghu2 View Post
With a $150k/year income, how are they going to save the that 20% to put down on a house while currently paying rent and having 4 kids to take care of? Even living a frugal, debt-free lifestyle, do you realize how long that will actually take?

Where are they going to find a $600k house that's not a total dump within reasonable commuting distance to Fremont? A $600k single family home in the Bay Area is usually a small fixer-upper these days and is usually in an unsafe area and/or bad school district.
They said they don't care about schools they homeschool. Here a a couple of homes just from a quick search. Hayward/San leandro/San lorenzo are all blue collar towns. While $600k is the low end of prices of the bay area you can still find homes in that range. I assume that if they already have plans to buy a $600k home that they must have a savings or another house in another state to sell and use the equity to buy a house here.



https://www.redfin.com/CA/San-Leandr...78/home/778305

https://www.redfin.com/CA/Hayward/21...41/home/972305
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Old 01-09-2018, 06:18 PM
 
Location: Northern California
130,047 posts, read 12,072,794 times
Reputation: 39012
renting is the way to go, you may hate it there, so you do not need a house ownership. If you like it, buy a house once you are more familiar with the area.
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Old 01-09-2018, 07:45 PM
 
Location: Formerly Pleasanton Ca, now in Marietta Ga
10,345 posts, read 8,557,056 times
Reputation: 16679
Quote:
Originally Posted by justinbro2002 View Post
$600k for a house and one hour from Fremont is gonna limit you to Hayward, San leandro, san lorenzo and possibly Livermore.
I think you can scratch out Livermore unless they are open to a Condo. I looked a few months ago and at $600k there wasn't much of any house.
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