Re:Tech Salaries in 2022: Why the Six Figure Pay Makes Techi...
by erwincoumans on Wednesday May 11, 2022 @12:27PM
(#31342205)
In Foster City, CA, bay area, a salary of $146k is considered low income, and can get access to affordable housing [1]. A 3/4 bedroom townhouse in Foster City, CA bay area used to be 800k usd 10 years ago, today it goes for 2M usd, with offers 200k to 400k above asking price. [2] [3] [4]
[1] https://www.fostercity.org/faqs?keys=&field_microsite_tid=Al...
[2] https://deniseliew.realscout.com/homesearch/listings/p-812-m...
[3] https://deniseliew.realscout.com/homesearch/listings/p-893-e...
[4] https://deniseliew.realscout.com/homesearch/listings/p-1112-...
Re:Tech Salaries in 2022: Why the Six Figure Pay Makes Techi...
by standardUser on Wednesday May 11, 2022 @03:50PM
(#31344865)
That $146k/yr is for a family of four. A lot of affordable housing is built for middle-income households.
Re:Tech Salaries in 2022: Why the Six Figure Pay Makes Techi...
by IMTDb on Wednesday May 11, 2022 @11:36AM
(#31341518)
11% of growth every year for 10 years is 2.83, almost 3. Things haven't gotten 3 times more expensive in the last decade - far from it.
Re:Tech Salaries in 2022: Why the Six Figure Pay Makes Techi...
by glouwbug on Wednesday May 11, 2022 @11:55AM
(#31341773)
Unless you’re from Vancouver or Toronto where detached homes went from $300k to $1.6m from 2005
Re:Tech Salaries in 2022: Why the Six Figure Pay Makes Techi...
by overtonwhy on Wednesday May 11, 2022 @04:34PM
(#31345379)
You should learn how inflation is calculated before spewing this stuff. Maybe try providing references to reputable sources as well? https://www.bls.gov/cpi/questions-and-answers.htm
Re:Tech Salaries in 2022: Why the Six Figure Pay Makes Techi...
by chrchang523 on Wednesday May 11, 2022 @10:32AM
(#31340510)
Much higher than the previous official inflation rate of 2% per year, yes. But not (previously, anyway) higher than 11%.
The average worker, especially those with families, have seen their costs inflate much, much higher than 11% per year for quite some time.