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Being an east coaster, maybe I'm just not clear on this, but in proximity to the big tech companies, how far out are we talking for the examples discussed in th

Being an east coaster, maybe I'm just not clear on this, but in proximity to the big tech companies, how far out are we talking for the examples discussed in this article? Put another way: How far out does one have to live to house a family of 3 or 4 affordably with respect to a 160k salary? Lets say, hypothetically, 2000 sq ft dwelling of some kind (house, condo, rowhome), good school district, for ~$2500-3500/mo - rent or mortgage? Or if that's a ridiculous question for the Bay Area, let's say 35-40% DTI and call it $5000/mo. Speaking anecdotally, when I lived in the DC area, it ran me ~2400/mo for my 900 sq ft rowhouse in a good zip code walkable to the metro. The problem being that a 3rd bedroom would put me north of 600k (closer to 750k today) for a home if I wanted to be in the same zip code, or move outside the beltway and commute 90 minutes. I moved... to northern new england.

klipt 10y ago
Here's a map of houses under $1M with at least 2000 sq ft: https://www.redfin.com/city/4561/CA/Cupertino/filter/max-price=1M,min-sqft=2k-sqft,viewport=37.79325:36.82551:-121.68934:-122.54352,no-outline https://www.redfin.com/city/4561/CA/Cupertino/filter/max-pri... Notice the peninsula (where a lot of the good school districts are) is pretty empty. Also most houses go for a large percent above asking.
douche 10y ago
I have about 2400 sq ft in Southern New Hampshire for a mortgage+taxes of about $1800/month. If you were willing to commute 30-60 minutes into Mass, there are jobs that would pay that kind of salary, although the local job market isn't quite that inflated right in New Hampshire. Of course, if you can find work in northern New England, things are much cheaper. I was visiting the folks this weekend, and my mom was showing me listings in the paper for four-bedroom houses with acres of back yard for $800/month, with heat and utilities included...

klipt 10y ago

Here's a map of houses under $1M with at least 2000 sq ft: https://www.redfin.com/city/4561/CA/Cupertino/filter/max-price=1M,min-sqft=2k-sqft,viewport=37.79325:36.82551:-121.68934:-122.54352,no-outline https://www.redfin.com/city/4561/CA/Cupertino/filter/max-pri... Notice the peninsula (where a lot of the good school districts are) is pretty empty. Also most houses go for a large percent above asking.

douche 10y ago

I have about 2400 sq ft in Southern New Hampshire for a mortgage+taxes of about $1800/month. If you were willing to commute 30-60 minutes into Mass, there are jobs that would pay that kind of salary, although the local job market isn't quite that inflated right in New Hampshire. Of course, if you can find work in northern New England, things are much cheaper. I was visiting the folks this weekend, and my mom was showing me listings in the paper for four-bedroom houses with acres of back yard for $800/month, with heat and utilities included...