| In one of the most expensive real estate | | | | it might not be possible to do accrue such a |
| markets in the United States, how do you find a | | | | savings. |
| home in California affordable? It is simple. Don't | | | | So can you afford a home in California? Sure, as |
| overextend your budget. In today's market | | | | long as you know your limits, budget accordingly, |
| where lay offs are occurring and real estate sales | | | | and don't over extend yourself. However, |
| are on the downslide, make sure you choose a | | | | chances are that if you are home shopping in |
| home you can afford. If you're laid off or you | | | | California, you're employed there as well. |
| lose your job for whatever reason, you want to | | | | Congratulations! You've joined one of the top paid |
| ensure you can still afford your payments and | | | | states for median income. So with higher salaries, |
| hopefully have some money to spare if an | | | | a higher-priced home is more affordable to you. |
| unforeseeable event such as job loss occurs. | | | | With most of California's residents purchasing |
| Keep in mind not to select a home that will have | | | | homes using up to 50 percent of their income, it's |
| your mortgage payments exhausting all of your | | | | better to be safe than sorry. Always keep a level |
| resources in cause of emergencies. Most financial | | | | head with thinking of how much you make and |
| advisors recommend you have at least six | | | | how much you can afford for you and your |
| months salary in savings in case of emergencies. | | | | family. |
| If you saddle your budget with a huge payment, | | | | |