I'd bet the typical mortgage interest is also above minimum wage. Google says San Francisco's median house price is 1.61M. If 80% of that is a mortgage and it's at 4.25%, that comes out to about $55k in interest alone during year 1.
Zillow wants you to buy houses, so it'll make it look like you make money out of nothing. I
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I'd bet the typical mortgage interest is also above minimum wage. Google says San Francisco's median house price is 1.61M. If 80% of that is a mortgage and it's at 4.25%, that comes out to about $55k in interest alone during year 1.
Zillow wants you to buy houses, so it'll make it look like you make money out of nothing. I