4 ms·
Renting: 180K isn't enough to survive in SF with just 1 kid. If it is supporting 1 kid: 4k 2 bedroom (run down) + (2k) child care. 15k gross = 10k after tax.
by ransom1538 9y ago
Renting: 180K isn't enough to survive in SF with just 1 kid. If it is supporting 1 kid: 4k 2 bedroom (run down) + (2k) child care. 15k gross = 10k after tax. Just removing 2 things makes your post tax: 4k monthly pay check left. 4k a month rent let's you walk around at night and let's you do public school. (180k no private). A car with a kid is a must and that is expensive in SF, then add utils + phone + clothes. If you want to eat, or go outside, then you start dipping into savings.
Buying: in SF at 180k? Not a hope. A decent place not TIC, and where you safely put your kid in public school - is low 1.3million. Step one: come up with 260k cash + now your 4k rent is 5200 morgage with nutty property taxes. Plus play the lottery of schools because you can't afford private.
- ac29 9y agoCome on, even if I accept that an apartment and child care is $6000/month in SF (its not, but it is pretty expensive), are you really arguing that $4000 a month "left over" (for non-rent, non-child related expenses) isn't doable? I've lived in the Bay Area for three-and-a-half decades and never made anywhere close to $4000 a month post-tax, much less $10000. If you're serious, show your math.
- deleted 9y ago[deleted]