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A comment on $500k a Year yet Struggling? Let's Do a Double Take. Parent comment

Re:$500k a Year yet Struggling? Let's Do a Double Take by p1esk on Thursday May 16, 2019 @05:16PM (#19933335)
According to [1] average income in SV is $140k, and median house price is $1.2M.

$400k income would put you into upper middle class territory.

[1] https://sf.curbed.com/2019/2/19/18229922/silicon-valley-inde...

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Re:$500k a Year yet Struggling? Let's Do a Double Take by deadc0de on Thursday May 16, 2019 @06:01PM (#19933839)
140k is believable, but I think they mean it's per person. If you rent, it's very unlikely you'd be able to buy a 1.2M house on 140k if you started with 0 in savings.

EDIT: To clarify my previous post - I was talking about the household income.

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Re:$500k a Year yet Struggling? Let's Do a Double Take by p1esk on Thursday May 16, 2019 @06:29PM (#19934082)
$140k is household income:

https://siliconvalleyindicators.org/data/economy/income/hous...

I agree that it might be tough to buy a median house with median income in some areas, however you can easily afford to buy a decent house almost anywhere with $400k income.

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