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Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by kodah on Saturday June 17, 2023 @12:35PM (#36371776)
They could also just support remote work and not be such a factor in consolidating so many people that make so much money in such a small area that engineers making $400k are considered middle class.

This seems to be just extending the problem.

Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by knorker on Saturday June 17, 2023 @12:38PM (#36371803)
All the SVPs and VPs are remote. Presumably these leaders are showing the way of the future?

(ok, so not "all", but there's a lot of "rule for thee but not for me")

Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by pb7 on Saturday June 17, 2023 @12:44PM (#36371883)
$400K/year is the 95th percentile individual income in the Bay Area. That's not middle class.
Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by dragonwriter on Saturday June 17, 2023 @01:29PM (#36372318)
> That’s not middle class.

It’s not middle income, but, insofar as income correlates with economic class, its quite consistent (if, as here, it is labor income) with middle class (petit bourgeois), since the worker with that income likely has substantial capital investment and income (or at least accumulation if they aren’t realizing income), but is not independent of renting their labor or applying it to that capital for support.

Middle income isn’t middle class, and people at that income level are generally firmly in the working class.

Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by kodah on Saturday June 17, 2023 @12:53PM (#36371971)
I was making a reference to this study: https://smartasset.com/data-studies/how-to-be-middle-class-a.... It's 300k not 400k, I'll fix my comment.
Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by pb7 on Saturday June 17, 2023 @02:07PM (#36372741)
>It's 300k not 400k, I'll fix my comment.

It's not $300K, it's $243K household income in San Francisco and $252K household income in San Jose in your own link and that's the upper bound of some arbitrary "study". Please don't spread misinformation as it makes this site look poorly educated.

Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by kodah on Saturday June 17, 2023 @04:57PM (#36374510)
Uh, ok? Are classes not judged by household income? Are you assuming every tech worker is married to another high income earner?

Someone having a perspective, which is based on data, that you disagree with does not qualify as misinformation. I lived in the aforementioned cities and am not in a relationship with someone who is a high income earner. I think it's fine to point out how problematic it is that whether it's 250, 300, or 400k being the bar for middle class is pretty far down the line of problematicness.

Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by pb7 on Saturday June 17, 2023 @05:56PM (#36375082)
I guess I’ll spell it out for you.

An individual making $400K is rarer than a household making $400K so if the upper bound for a household is $250K, the individual upper bound is far lower, which is nowhere near $400K.

The claim that someone that makes even $300K is “middle class” anywhere is hilarious. That person becomes a millionaire in their 20s while living a very cushy life. You’re incredibly out of touch.

Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by kodah on Sunday June 18, 2023 @12:52AM (#36377432)
I don't think you really understand what that study is saying nor the guidelines of this website.
Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by pb7 on Sunday June 18, 2023 @03:28AM (#36378089)
You have poor financial education if you think it takes until your late 40s. I would recommend picking up a book on basic investing.

I had a similar income and similar rent on average and was already a millionaire before I turned 28 only investing in index funds. This includes paying off $60K in student loans. Good luck doing that on $65K/year in Ohio.

Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by gedy on Saturday June 17, 2023 @12:51PM (#36371947)
I suppose, that’s probably what you need to have a middle-class lifestyle up there too
Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by reducesuffering on Saturday June 17, 2023 @01:00PM (#36372031)
0 chance. That's $270k after tax for a single earner family. A US middle class 4br/2ba 1800 sqft. SFH is $50k/yr to rent within 30 minutes of Google. So $220k in disposable income while US median household income is just $70k.
Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by armatav on Saturday June 17, 2023 @01:22PM (#36372244)
$6k+ per month in Mountain View minimum to not live in a shack.
Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by reducesuffering on Saturday June 17, 2023 @01:57PM (#36372623)
No one is required to live next door to your job, and even if you were, you've only changed the calculus to be $200k disposable income?
Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by ahahahahah on Saturday June 17, 2023 @03:20PM (#36373595)
Here's a 4bed condo for $4k right next to Google: https://www.zillow.com/homedetails/701-N-Rengstorff-Ave-APT-...

Newark or Fremont is within 30 minutes drive (usually within 40 for rush hour) and there's tons at that price point. On the Google side of the bay there's many around $5k.

And honestly, as pointed out, an extra $10-20k on housing doesn't really change the point anyway.

Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by armatav on Saturday June 17, 2023 @06:54PM (#36375584)
It makes it higher than the median wage he mentioned…
Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by ahahahahah on Sunday June 18, 2023 @12:46PM (#36381880)
So what? That again doesn't at all change the point of the argument, which had nothing to do with affordability of those rentals for people making median wage or anything else. It only mentioned that median as a comparison to how much disposable income someone making that amount would still have even after paying bay area rents.
Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by armatav on Sunday June 18, 2023 @01:46PM (#36382483)
Read.

“I suppose, that’s probably what you need to have a middle-class lifestyle up there too”

The point I’m making is that the median middle class income, $70k/year, doesn’t work - which is in agreement with him - pay attention.

Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by reducesuffering on Monday June 19, 2023 @03:02AM (#36388129)
You need to read, your argument is all over the place.

“I suppose, that’s [$400k] probably what you need to have a middle-class lifestyle up there [around Mountain View] too”

I showed this to be false. You will be plenty middle class at even 2/5 of that income, $150k, with still $44k disposable income.

It's irrelevant equating your purported housing cost (which was also shown to be false), $70k, is the median middle class income.

This whole thread is about, "you have to make sooo much money to be middle class", and we can debate the merits of that being a certain reasonable X% above median, like maybe each individual making $90k, or a single earner household of $130k. But it makes no sense to talk about what makes someone middle class around Mountain View to inject, "well my overestimate of a local housing cost is equal to median income elsewhere."

What does make sense, is if someone says it takes generating $200k-220k in disposable income to be middle class, to refute that argument by pointing out that income is so beyond the typical middle class American, because they are making 3x the money of a middle class American, if that middle class American had 0 taxes or housing costs, further illustrating how absurd that is.

Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by armatav on Tuesday June 20, 2023 @04:55AM (#36401376)
$110k is the poverty line here. You cannot live here if you’re middle class.

End of story.

Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by reducesuffering on Tuesday June 20, 2023 @03:35PM (#36409333)
End of story? My living expenses are $60k/year. I guess you've settled it, that I'm living in poverty; with my 2 cars, garage, unlimited fresh produce (garden & store), Apple products everywhere, heater, A/C, sushi every week. Good one
Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by armatav on Tuesday June 20, 2023 @07:49PM (#36412397)
I hate to break it to you, but the poverty line in the Bay Area is not my definition.
Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by p1esk on Saturday June 17, 2023 @01:21PM (#36372241)
If most of population is poor, median is poor.
Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by reducesuffering on Saturday June 17, 2023 @01:56PM (#36372612)
US is one of the richest countries in the world. People on average have more land, spacious SFH, and new vehicles.
Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by p1esk on Saturday June 17, 2023 @02:39PM (#36373109)
Probably also have the highest amount of debt, and medical bills.
Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by gedy on Saturday June 17, 2023 @01:11PM (#36372143)
Sure, but I'd count home ownership in a safe area as a middle class metric. That would at least double the housing costs.
Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by reducesuffering on Sunday June 18, 2023 @12:11AM (#36377237)
Plenty options <= $1.5m , so $8.2k - $9k monthly PITI. In the worse case, you consider that lost $ and now your disposable is still $162k. But actually, rent is closer to the net housing cost, because owning will reduce your taxes, increasing income ~$1k/mth, another + ~$2k/mth into equity, and another + $2k/mth inflation (loan is chipped away), so you're still looking at $4k/mth actual cost (if not less).
Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by DeRock on Saturday June 17, 2023 @01:53PM (#36372586)
Your rent price is way off, you’re looking at 6k/month (72k/year) for a 4-bed, at least.
Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by reducesuffering on Sunday June 18, 2023 @12:14AM (#36377253)
So $200k disposable income then?

Also, news to me since I'm in a $4.2k/mth rental, and feel free to view all the <= $4k 4-bed within commuting distance:

https://www.zillow.com/homes/for_rent/?searchQueryState=%7B%...

Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by 8ytecoder on Saturday June 17, 2023 @04:25PM (#36374205)
$30,000 is 95th percentile in the world. I’m not sure what your point is.

https://howrichami.givingwhatwecan.org/how-rich-am-i

Re:Google gets go-ahead to build 153-acre Bay Area neighborh... by pkelly on Saturday June 17, 2023 @01:05PM (#36372078)
Pretty sure this is a move to support remote work. They are trimming down their existing campus to build more homes in the bay area, which is in dire need of that.

Big tech has lots of real estate for their mega campuses. It is gonna take a while to unwind that.