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Re:San Francisco Spent a Decade Being Rich, Important, and H... by doublement on Sunday December 22, 2019 @02:02AM (#21855715)
There's a huge difference between an average person in a random place investing $10K left over after their bills are paid, and an SF tech employee working with at 5-10 times that amount.
Re:San Francisco Spent a Decade Being Rich, Important, and H... by tempsy on Sunday December 22, 2019 @02:11AM (#21855742)
Again depends. Not everyone is working at a FAANG, meaning if they have been working at private tech co yet to IPO then their equity comp is all illiquid so they don’t necessarily have a ton of cash.