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I tell my peers now that an offer in San Francisco should be north of 400k to make it worth it. They laugh and sign for the 2x their paycheck in Kansas City th
by tsunamifury 11y ago
I tell my peers now that an offer in San Francisco should be north of 400k to make it worth it. They laugh and sign for the 2x their paycheck in Kansas City then end up back there in a year.
- duderific 11y ago400K? You might be able to get a porta-potty for that much. Try $1M.
- tsunamifury 11y ago$400K/Y in salary, not an offer on a house.
- HillaryBriss 11y agoI once heard the advice "You're better off making X in a second or third tier city than moving to a first tier city to make 1.1X because housing costs twice as much." The statement is basically still true today, but I guess the coefficients are a lot higher. Salary Multiplier: 1.1 is now 2.0 Housing Cost Multiplier: 2.0 is now 3.0 (or maybe 4.0?)
- tsunamifury 10y agoAverage US Home value: 225,000 Average SF Home Sale: 1,200,000 (Condo) So factoring it the fact that the SF condo likely has one less bedroom the HCM is 6.0!