I bought my house for $500,000 when my income was less than $80,000 in 1997 (my wife was still in school). Only difference is that I was younger then. The interest rate was much higher then. My mortgage was more than $2000.
You can afford it and the housing in bay area's good neighborhood won't be much lower. My wife objected my purchase of the house. She was mad and did not go to look at it. Now, we regret that we did not buy a bigger house and she is pushing me to purchase rental houses.
