San Francisco voters approve taxes on highly paid CEOs, big businesses

Re:San Francisco voters approve taxes on highly paid CEOs, b... by opportune on Thursday November 05, 2020 @09:40PM (#25004358)

I know lots of people under 30 in the Bay Area who could have much more than 3 rental properties if they wanted to. Especially outside of the bay area.

It's just that living with roommates is pretty frugal, and before the pandemic, it was a good way to save an extra $10k a year living in a more central location. Every single person I know who is a bay area SWE makes enough to afford renting a 1bed apartment in a good area, they just don't think it's worth it.

Yes if your main goal in life is to live in a large house on a large lot in a nice area without spending much, you will not find it there, but your characterization makes it seem like bay area engineers are poor which is... not true

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Re:San Francisco voters approve taxes on highly paid CEOs, b... by nogabebop23 on Thursday November 05, 2020 @10:22PM (#25004566)

>> makes enough to afford renting a 1bed apartment in a good area

In most cities in the US this is not the definition of wealthy or even well off. living with roommates to save 10K a year does sound like one step above poverty.

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Re:San Francisco voters approve taxes on highly paid CEOs, b... by mypalmike on Thursday November 05, 2020 @11:09PM (#25004806)

When I lived in the bay area, lots of my friends lived in shared accommodation because they actually liked living with other people. Saving money was a side effect. They usually bought a place when they got married or not long after. That's not poverty.

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Re:San Francisco voters approve taxes on highly paid CEOs, b... by anonyxyz on Friday November 06, 2020 @07:18AM (#25007087)

This is common when you're a kid out of college, but a few years go by and living with other people sucks.

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Re:San Francisco voters approve taxes on highly paid CEOs, b... by opportune on Thursday November 05, 2020 @11:51PM (#25005009)

Maybe I am just a frugal person, but to me, if you told me I could get a post-tax extra 10k a year switching from a 1bed apartment to a roommate situation I would always take it as long as I could find reasonable people to live with. I was pretty far from poverty when I made that decision in the SF bay area. And again, I just said they could afford a 1bed apartment, not that this was the max they could afford. You're not being charitable with interpreting my reply.

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Re:San Francisco voters approve taxes on highly paid CEOs, b... by titanomachy on Friday November 06, 2020 @01:13AM (#25005372)

> living with roommates to save 10K a year does sound like one step above poverty.

Sounds like every college student and recent grad I've ever known.

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