Re:Software engineers complaining about a $450k salary?
by nine_zeros on Monday January 27, 2020 @09:01PM
(#22165752)
I think you are underestimating how quickly rents have been rising here every year. There's almost never point of rising income when all of those gains are going to rent.
Re:Software engineers complaining about a $450k salary?
by UncleMeat on Monday January 27, 2020 @10:47PM
(#22166269)
I live here. My income has risen far far far faster than the rent. I'm able to save literally six figures more than I'd be able to elsewhere.
Specifically owning a home in the bay area is insane. But outside of this one thing, COL changes don't come anywhere close to matching the increased salary. Even if you are including things like childcare.
I'd expect my salary to drop by 250k if I left the bay area. After accounting for COL differences, my savings rate would be far lower elsewhere. Even if you aren't making top of line income, people still can very easily come out ahead in the bay area. That 700 sq ft condo may sell for millions, but it is still only 2.5k/month in rent.