Current Events > So the minimum downpayment for a home in California is $200K....

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FFVII_REMAKE
01/30/18 11:02:44 PM
#1:


Because almost everyone is California has $200K laying around but there's no point since you'll just have foreign buyers who will pay for the house with $1M in cash anyway.
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Cornmuffins
01/30/18 11:03:34 PM
#2:


Did you try not being poor?
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Jiek_Fafn
01/30/18 11:05:20 PM
#3:


It's like 1/10th of that for a normal house here. It's probably cheaper if you just move to a place with lower cost of living.
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SaccharineSmile
01/30/18 11:06:03 PM
#4:


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CasualGuy
01/30/18 11:07:29 PM
#5:


I could buy a 2-story 3 bedroom 2 bath for 200k where I live.
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_BIueMonk
01/30/18 11:09:06 PM
#6:


Cornmuffins posted...
Did you try not being poor?

this. seriously, get a job.

what. most jobs require a college degree. well go get one. like its hard????
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kelemvor
01/30/18 11:21:18 PM
#7:


FFVII_REMAKE posted...
Because almost everyone is California has $200K laying around but there's no point since you'll just have foreign buyers who will pay for the house with $1M in cash anyway.


Dude, consider moving across county. In my area, a $640K house gets you a 5000 sq/ft house on a lake. And it's not an older house needing updates and repair.

http://u.zillow.com/p10Jjk/
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TheJBD
01/30/18 11:27:32 PM
#8:


Isn't the minimum just a percentage of the price?

And the California housing market average varies wildly in prices because of SF and LA.
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FFVII_REMAKE
01/30/18 11:28:20 PM
#9:


Cornmuffins posted...
Did you try not being poor?


Just in case anyone is wondering, if you make <$100K in California, you're considered poor. <$50K is considered poverty level.
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SapphireOfChaos
01/30/18 11:29:06 PM
#10:


Why don't poor people just buy more money?
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TheJBD
01/30/18 11:30:13 PM
#11:


FFVII_REMAKE posted...
Cornmuffins posted...
Did you try not being poor?


Just in case anyone is wondering, if you make <$100K in California, you're considered poor. <$50K is considered poverty level.


That's just wildly inaccurate.
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Annihilated
01/30/18 11:30:59 PM
#12:


_BIueMonk posted...
Cornmuffins posted...
Did you try not being poor?

this. seriously, get a job.

what. most jobs require a college degree. well go get one. like its hard????


Not in the midwest they don't.
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