Re:The majority of 18- to 29-year-olds in the US are now liv...
by jdashg on Wednesday September 16, 2020 @04:38PM
(#24497557)
We don't even need to be that frugal! 100% of the net increase to VHCOL compensation can go into VHCOL housing expense increases with plenty of room to spare.
If we would pay 33% of your income in LCOL housing, and move to someplace that pays us (net) 100% more, we can afford 4x(!) the rent we did previously.
We're bidding against everyone else who wants what we want, so it's no wonder housing is insane in the Bay Area, since household incomes are so much higher.
If we would pay 33% of your income in LCOL housing, and move to someplace that pays us (net) 100% more, we can afford 4x(!) the rent we did previously.
We're bidding against everyone else who wants what we want, so it's no wonder housing is insane in the Bay Area, since household incomes are so much higher.