Re:Current Inflation Has Different Effects on Different Age ...
by ttul on Friday June 08, 2018 @02:23PM
(#17268316)
In the Bay Area, $90K is not sufficient. A one bedroom might cost $3500/month - that’s $40K of your net income.
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Re:Current Inflation Has Different Effects on Different Age ...
by xtian on Friday June 08, 2018 @02:31PM
(#17268393)
If you are making $90k and living in SF you should be looking at studios or for roommates, not at one bedrooms. A one bedroom in a city like SF is a luxury.
Re:Current Inflation Has Different Effects on Different Age ...
by smichel17 on Friday June 08, 2018 @02:54PM
(#17268596)
Isn't that kind of the point of the original comment? That cost of living rises by location in almost perfect parallel to wages? So even though they make a relative lot of money, their standard of living doesn't actually increase much.
Re:Current Inflation Has Different Effects on Different Age ...
by xtian on Friday June 08, 2018 @07:40PM
(#17270631)
No, your standard of living absolutely won’t increase. I would actually say almost everyone living in that kind of city is (perhaps unknowingly?) choosing to sacrifice in that column. Depending on what you value, however, your quality of life may increase dramatically. And any efforts in frugality will likely yield a greater absolute return than they would in a less costly locale.
Re:Current Inflation Has Different Effects on Different Age ...
by majormajor on Friday June 08, 2018 @03:04PM
(#17268682)
Wages don't rise exactly like that. There's a threshold under which it doesn't make much sense at all. If you're making under 100K - and certainly under 50k - I wouldn't be surprised if you could be much more financially comfortable in, say, Dallas. Chop your rent budget in half, lower your tax burden, you'll probably get a bigger chunk of monthly spending money.
Re:Current Inflation Has Different Effects on Different Age ...
by ProfessorLayton on Friday June 08, 2018 @03:02PM
(#17268670)
90K is comfortably above the median per capita income literally anywhere in the Bay Area:
https://en.wikipedia.org/wiki/List_of_California_locations_b...
I'm not saying 90K is a lot, but it is complete hyperbole to say it isn't sufficient to live in the Bay. 90K is right up there with the highest median household incomes.
Re:Current Inflation Has Different Effects on Different Age ...
by refurb on Friday June 08, 2018 @03:13PM
(#17268761)
$3500 if you want to live in a new building. I've been looking at 1 bedrooms and rent has come down in SF. Not hard to find one for less than $2500 now (in a good neighborhood).
Re:Current Inflation Has Different Effects on Different Age ...
by asfasgasg on Friday June 08, 2018 @11:40PM
(#17271409)
No matter where you work in the Bay, there are decent 1br apartments within a fifteen minute bike ride that cost less than $2500 a month.
Re:Current Inflation Has Different Effects on Different Age ...
by umanwizard on Friday June 08, 2018 @02:58PM
(#17268635)
You can’t build wealth on $90K in Monaco either, but that says something about Monaco, not about “capitalism”.
Re:Current Inflation Has Different Effects on Different Age ...
by refurb on Friday June 08, 2018 @03:11PM
(#17268744)
That's what I don't get. People with high rent are typically living in one of the most expensive areas of the country. They are still wealthy, they are just spending it on living there.