Bay Area physicians: Are you just renting forever?
We are a dual income but single physician income family. Looking at jobs in the bay in my speciality, I expect our combined take home to be somewhere in the range of 550-650k pretax. Current income is around 250-270k depending on how much moonlight. I am currently a fellow. We have no student debt. We are renting and maxing out our 403bs, IRA and contributing to a 529. Looking at homes in the area, even a basic starter home is anywhere from 1.5-3 million depending on location. It seems much more financially sensible to just rent indefinitely. Is anyone else just planning on renting indefinitely? Did anyone purchase a home in the Bay Area recently on a single physician salary income?