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Re:Shared salary spreadsheet reveals Microsoft employee earn... by chrisseaton on Wednesday September 02, 2020 @05:29PM (#24358373)
> With 20% downpayment...

Where on earth is someone on $150k, renting, going to get £200k in cash?

Re:Shared salary spreadsheet reveals Microsoft employee earn... by vkou on Wednesday September 02, 2020 @06:25PM (#24358914)
That's ~110k after taxes.

If you are young, you can easily live off $50k/year, if you don't have children, don't own a car, take the bus to work, and your employer provides health insurance. Food is not that expensive, and you can rent an apartment for 20,000-25,000/year.

If your take-home is 110k, you'd have saved up for a downpayment in 4 years.

Re:Shared salary spreadsheet reveals Microsoft employee earn... by triceratops on Wednesday September 02, 2020 @05:41PM (#24358487)
Not a single person. But a couple earning $250k jointly can easily knock that out in 4 years or so.
Re:Shared salary spreadsheet reveals Microsoft employee earn... by majani on Wednesday September 02, 2020 @05:42PM (#24358504)
By sacrificing and living frugally for a couple of years?
Re:Shared salary spreadsheet reveals Microsoft employee earn... by chrisseaton on Wednesday September 02, 2020 @05:44PM (#24358529)
Short of sacrificing a roof over your head and frugally eating nothing I can't see how that adds up to $200k cash in a couple of years.
Re:Shared salary spreadsheet reveals Microsoft employee earn... by RestlessMind on Wednesday September 02, 2020 @06:10PM (#24358795)
Let's do some back of the envelope calculation:

starting total compensation: 150K. If your partner works a similar job, your combined annual income is 300K.

No income tax in Washington State, so Federal + FICA taxes would be ~70K (look up any online calculator).

Rent ~1800 per month or 22K per year (based on Zillow's data for 1bd/1ba in Redmond, WA). Living expenses of 2K per month or 24K per year.

You are looking at 300K - (70 + 22 + 24)K, or >180K potential annual savings. Let's double the living expenses or throw in student loan repayments on top, but saving 100-125K per year is easily doable for such a couple. And in a couple of years, you have 200-250K for your downpayment.

Re:Shared salary spreadsheet reveals Microsoft employee earn... by chrisseaton on Wednesday September 02, 2020 @06:59PM (#24359197)
Hmmm... does add up can't deny that. But in reality I don't see many of my professional friends saving anywhere near to this kind of cash. Childcare, loans etc seems to really eat into it.
Re:Shared salary spreadsheet reveals Microsoft employee earn... by s1artibartfast on Wednesday September 02, 2020 @07:51PM (#24359524)
Yeah, This leads to the general convention of getting a house before having children. It is easier to save and stack cash without them.
Re:Shared salary spreadsheet reveals Microsoft employee earn... by duutfhhh on Wednesday September 02, 2020 @10:32PM (#24360330)
A spouse making another 150k is a big assumption. It's mostly males living in such places.
Re:Shared salary spreadsheet reveals Microsoft employee earn... by adrr on Wednesday September 02, 2020 @06:00PM (#24358691)
Save 50k a year for 4 years isn’t that hard making $150k. Take home is 100k. Rent with a roommate is 2000. Monthly expenses is 2000(mobile service, food).
Re:Shared salary spreadsheet reveals Microsoft employee earn... by TomVDB on Wednesday September 02, 2020 @06:15PM (#24358834)
Under these exact circumstances, it took my now-wife about 4.5 years when she was still single.