Re:Why I’m leaving Silicon Valley
by junkscience2017 on Sunday November 19, 2017 @02:50PM
(#15735564)
find me the room for $1k/month. find me that home for $3k/month. oh and be sure to lock in those rates for five years
ok let's say you were lucky enough to find a $1k room in a neighborhood not littered with gangs, bullets and drugs...
okay, now get married. where will you live?
okay, now your wife is pregnant, what now?
is success to you renting a bedroom in an apartment with three people when you are forty five?
Different strategies work for people in different situations. Renting cheaply and saving while single has worked for some people. If the situation changes, you'll have the down payment (and then some) to buy a house somewhere when it's time to make a change.
Maybe not in Silicon Valley. Or maybe the housing bubble will be over by then? There's no crystal ball.
Re:Why I’m leaving Silicon Valley
by matchsetpoint on Sunday November 19, 2017 @02:56PM
(#15735602)
Try using craigslist; there are many many rooms in SV for $1k/month. and many standalone house for $3k/month.
Single: income starting at $130k a year. That's 7k/month after tax. Rent a room in SV for $1000 (or Berkeley), and spends $1000/month. That's still $5k/month in savings. If you're senior, that number goes up to $200k a year. That's $11,500. That turns into $9500/month in savings.
Couple: 2 income at combined $260k a year. that's $14k/month after tax. Rents a house in SV or berkeley at $3000/month. Spends $2000/month. That's $9000/month in savings.
etc