Amazing Income and Savings Enough To Buy In California?

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[laurelharper]

It's recommended to save at least 15% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.

[alexismatteo]

My niece is planning for a house in Cali. They're currently in search for almost a year now. A challenging place to move in. I will be sending this to her. Thank you, javi. Videos are educational and fun. Editing and content is superb!

[janereinhardt]

I lived in Orange County, CA about 2/3rds of my life. I moved out of CA in 1969 as a kid, moved back to CA in 1978, moved out of CA in 1990 to buy a house in Seattle, moved back to CA in 1999, bought a condo. Moved out of CA again in 2021 to buy a SFR in Arizona. Kids were out of the question- just too expensive & i wanted to retire early, which i did. I visit O.C often but am not planning on ever moving back there! I have lived in 5 states & CA is definitely a unique place.

[evilbong]

Felt like I was looking at my own budget. Our household take home is the same. Located in Dallas and just turned 30. Mortgage is 2700, just purchased at 389k. Unfortunately. If you don’t have a strong income, things are grim.

[nmm]

People who are wanting to start a family and figure out if they can afford a house need to include the cost of daycare in their monthly budget when factoring in a mortgage. Day care can cost $800 a month

[rogermendez]

Brother your videos are hella good. Editing and graphics are very easy to understand, unlike other realtors they tryna complicate their videos making me so confuse. 👍🏽👍🏽👍🏽 Thank you bro

[emilyandnoahstephenson]

My husband and I same boat since Covid. Trying to find a home but new mortgage in cali would automatically be $2500 plus. We got into a house. Older needed things done like a new roof new bathroom Reno etc… bottom line we became house poor and got into something we couldn’t afford. Fast forward today. Luckily sold our house fairly quickly a month ago. Relocated to Texas for affordability and better policies for the future of our kids. Our home now is under $1600 a month. The relocation was a lot of work. Husband has same job and I am an online seller. Bottom line at some point you have to realize that the problem wasn’t the numbers it’s turning the game board so it works for you. God bless and goodluck.

[thegroovee]

Teachers salary depends in which state you are. Here in Texas an Orchestra Teacher at a high school makes over 70K.

[SoniaPadilla-bb]

We had fo move out from Whittier CA to Lawrenceville GA😢 same situation . Good salaries but no decent house prices. We aren't getting younger so we decided to leave everythjng and made the crosscountry move. We purchased a home, last year for $336k and since we had 20 % down, our mortgage is$1800 a month. Yes, I miss you home state Cali but it's impossible

[charliejohnson]

Great video bro. My family has been eyeing for a house in Cali . Will definitely recommend this one. Very helpful .

[MrRubme]

People keep commenting that Cali has cheap homes around the $500k area but the pay in those areas are very low. I live in Cali and I see this all the time.

[ppppanda]

As a born and raised CA native, I didn’t chose this. Unfortunately I was in junior high in 2018 😂

[SixFilthy]

As a Californian (Bay Area); This is inspiring and depressing at the same time.

Budget: God tier
CA Housing Market: lol

[donna.billy]

California isn't the best place to be in. Thank you for this honest takes, Javier! You provide concrete details and also give us options a d encouraging words. Best realtor in this app ❤️

[vj]

California has affordable places in just about any major area that you want to live you just have do the research and know the area. For the area in the video, if they just move about 20-30 minutes Northeast to Hesperia or Victorville, home prices drop dramatically. Some get really caught up in having to be in certain areas before thinking about the investment. Same as if you live in the San Fernando valley, about 20 to 30 minutes Northeast of San Fernando you're in much affordable territory with Palmdale & Lancaster. For the bay area, it's the Sacramento region. If you go to the metropolitan northern region of Sacramento, places like Yuba City/Marysville are super cheap within a 30-40 min. Of course financially it has to make sense to commute but for me the savings is definitely helping me. There's plenty of work right in the area where I live so I will be looking locally to transfer soon but absolutely enjoy my 30 minute commute to Roseville. What's crazy is in Roseville all the homes are averaging around $600, 000+. All the homes in my area are on the small side around a little over a thousand square feet, generally two bedroom one bath but plenty of three bedroom 2 bath homes. All of them are in the mid to upper $300, 000. My neighborhood most homes are around the upper $200, 000 mark. New home construction just south of my area, all are around $400, 000 (Linda, Ca). So it's possible if you stay away from the coast. Otherwise if you don't have to move anywhere, don't and wait for the market to work better in your favor with interest rates. I bought my house in 2021 at $245, 000. It's gone up to about $305, 000 today. You know that you will be in the right market when your budget tells you so.

[koyadario]

Good budget. Good savings. Weak Market. This is such a weird thing but a genius analysis. JAVIER, you are the best. the buyers should hear you ❤️

[rosepink]

In the Bay Area there’s no hope even with this income 😢

[siegetank]

Hey I live in Bedford. Probably one of the more "affordable" places but HOA is pretty expensive but you do get a lot for what you pay. I feel like socal in general is pretty damn expensive no matter where you look 😢

[hyakushiki]

Javi
Cali property tax for new buyers is 1.5%

The avg is 0.7% but that is skewed

[xBULLgogi]

I live in So-Cal too and west of where the couple is searching, in between Orange County and LA County. My wife and I make considerably less than they do combined, 12k a month.

I know for a FACT I wont be able to buy a home in this current market using conventional means, AKA 20% down and a mortgage. We have a 20% down but it doesnt make a dent on the monthly mortgage. I've been investing heavily into traditional equities and BTC (I know, stfu, BTC WILL OUTPERFORM EVERYTHING AND HAS OUTPERFORMED EVERYTHING) starting in 2017 and I will be buying a home ALL CASH in the coming years.

Sucks ass to live in Cali but when everyone is a millionaire, you gotta make yourself one.