Don’t forget it’s going to cost you something to actually buy the house. In CA, most closing costs go to the seller but there are still buyer costs. You’ll also have a 12.5k property tax bill every year, homeowners insurance, flood/earthquake (maybe), gas/electric/garbage/water/internet/landscaping/etc, maintenance costs (on a million dollar house, expect around 10k a year, assuming no major work like roof), and furnishing the house when you move in.