California is the only state to hide its spending – nearly $300B a year

Re:California is the only state to hide its spending – nearl... by tsuujin on Sunday December 12, 2021 @12:31PM (#29531550)

I worked for a company located in SF not long ago, I don’t think most people appreciate just how absurd the cost of living there actually is.

The people I worked with lived in fairly small apartments, shared with up to eight co-tenets. It was all they could reasonably afford, and they were well payed tech employees.

I bought a new house in the Central Valley for the same pay.

[ Parent | on HN ]

Re:California is the only state to hide its spending – nearl... by rsj_hn on Sunday December 12, 2021 @12:33PM (#29531566)

I lived in SF also, and know exactly how much it costs to live there. I also know that because the cost of living is high, many people commute into San Francisco to work, living where it's cheaper.

But even in SF, 112K is sufficient for 50% of households, and the median household does not live in a small apartment with eight cotenants. That's also absurd.

[ Parent | on HN ]

Re:California is the only state to hide its spending – nearl... by closeparen on Sunday December 12, 2021 @08:09PM (#29535459)

Those households moved in prior to prices going crazy, and have arrangements like mortgages, prop 13, and rent control such that they're still paying outdated prices.

[ Parent | on HN ]