Sunday, March 2, 2008

Short sale in South San Francisco




38 NORTHCREST DR, South San Francisco, CA 94080
Sold on 9/2/05 for $888k (100% financing, 80% variable, 20% fixed)
Just listed short sale for $750k.

Sometimes I need to step back and look at these things from a distance. The payments on a $888k mortgage at 6% are just over $5,000 per month. If you're willing to spend 33% of your pre-tax income on your house - then you have to be making $180,000 per year to afford the payments.

1 comment:

Anonymous said...

now asking $699k