Will the current high tech salaries last?

Re:Will the current high tech salaries last? by raiflip on Wednesday February 02, 2022 @11:03PM (#30188498)

Sometimes it sounds like bay area programmers think how expensive their area is, is how it is for programmers elsewhere. I also get paid around the same range in NYC, but my mortgage is nowhere near 10k, my taxes eat maybe 40%, and I can definitely find restaurant meals for less than $30.

The high expenses of the bay area are a policy choice by the local and state government to disallow investment. As such everyone is competing for the same old housing stock and office space that cost a 1/3rd of what it does now years ago. In effect, house owners and landlords are appropriating tech profits to themselves.

I hope the banning of single home zoning in California helps to alleviate this issue.

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Re:Will the current high tech salaries last? by nostrademons on Thursday February 03, 2022 @12:18PM (#30195324)

OP explicitly mentioned Bay Area in his post. I'd agree that housing policy is brain-dead in the Bay Area and that causes a lot of the high CoL; the other major factor is that these tech salaries are a significant fraction of total earners, which gives people selling to them enough of a market to raise prices. If 1% of the population makes $300K/year, they get to live like a 1%er. If 10% of the population makes $300K/year, they live like a 10%er.

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