My company relocated to San Fran a few months ago, I had to quit because moving there from Dallas made no financial sense.
Even with a massive raise my monthly savings would be cut in half (or more), and spending in excess of a million dollars on a home is way too risky (look at all the people who went upside down during the last recession). Barring something incredibly unlikely, such as the equity I own actually being worth something, I would likely have to add an extra 10 years or more to my expected retirement age if I chose to live and work out there.
Even with a massive raise my monthly savings would be cut in half (or more), and spending in excess of a million dollars on a home is way too risky (look at all the people who went upside down during the last recession). Barring something incredibly unlikely, such as the equity I own actually being worth something, I would likely have to add an extra 10 years or more to my expected retirement age if I chose to live and work out there.