A resale BMR condo in the Tudor Taxi Garage conversion is on the market for $181,588 and available “to a household of 2 or more persons earning no more than 70% of area median income ($51,050 max. income for 2 persons) [who are] first-time buyers and owner-occupants.”
∙ Listing: 645 Haight Street #10 (2/1) – $181,588 (BMR) [MLS]
If this sells at asking price, plus the $317 for HOA plus the taxes, insurance, etc., how can anyone who makes 51K/year make the mortgage?
Someone who has a lot of money in the bank.