3 ms·
My techie friends in New York tend to be the ones taking the interesting vacations because they have a lot more money. New York and Bay Area tech companies can
by chris_7 9y ago
My techie friends in New York tend to be the ones taking the interesting vacations because they have a lot more money.
New York and Bay Area tech companies can pay two or three times what the suburban office park type companies pay, and they have other benefits that add up as well (i.e. fully-paid tiny-copay health insurance). While housing costs will eat into that somehwat, whether you rent or buy, I don't think that they come close to cancelling out that increase.
Then, when we do go on vacation, there are more flights, since we're near major international airports. Since I live near EWR and JFK, I don't really need to consider connecting flights for European vacations, for example.
There are other less objective things for describing a "nice life", of course (IMO, renting vs. buying should be categorized as one of these, neither is superior). For example, non-chain restaurant availability, quality of cultural institutions, etc.
- closeparen 9y agoYes, the difference between $250k and $1.2m homes will absolutely cancel out the difference between $80k and $120k salaries. You're coming out ahead only if homeownership is not important to you, or you're willing to live in shared/substandard housing. Which is a perfectly reasonable thing to do in your early 20s, but not necessarily long term.
- pj_mukh 9y agoThose are totally fair. The one remain barrier that SF suffers from is 'starting a family'. Looking around, it seems you need a level-above the regular engineer's salary for you to afford a family living in San Francisco.