But how do people survive? When can you buy clothes? Put gas in the car? Eat?I know a coworker who just bought a house, these figures are almost the same. She didn't even have a big downpayment. Just good credit and no other debt. These lending companies will do it.
We are in Maryland. But given what I know of my home state California, this scenario must be common. Having a home worth 4x your annual income, that is.