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Where do you live that $350,000/yr isn't enough to live on?

• cloudjacker 10y ago
  the first question: do I feel like debating wealth inequality to get my HN karma back up? naaaaaaaaaaaah anyway, in silicon valley (or san francisco in particular) you could not retire on that. you could coast, but you couldn't use it to buy a house (or apartment/condo), the moment you make a downpayment you absolutely have to keep working to make the monthly payments
  • ZeroFries 10y ago
    350k after taxes and you couldn't retire? Do you mean in one year of work? You can live on 50k after taxes no problem even in SV. Also, why stay in SV if you're not working there? If you can maintain revenue for 5 years you can buy a house in cash no problem.
    • cloudjacker 10y ago
      If you can maintain revenue, yes, get decent cash flow on a rental property, sure you can make it work
  • baby 10y ago
    not everyone is living in the silicon valley.
  • Spooky23 10y ago
    That says more about the foolishness of living in a boomtown during a boom than anything else. We're talking about annual income 7x the Per capita income in the US and 10x of countries like Italy, Spain and Israel.