4 ms·
> Even if a house costs $2M in SF, you can earn that in a few years on an engineer's salary. Yes, because everyone knows that average engineer in SF earns ~400
by romanovcode 8y ago
> Even if a house costs $2M in SF, you can earn that in a few years on an engineer's salary.
Yes, because everyone knows that average engineer in SF earns ~400k per year.
- patio11 8y agoI have to bang a drum here, because it's a really important drum for HNers to hear and internalize: It is factually the case that AppAmaGooBookSoft pay mid-career professionals in the engineering track approximately that at whatever the local equivalent of Senior Engineer is, and Senior Engineer is a level that everyone in the engineering track who is not fired is expected to get to.
- mseebach 8y agoThere's a bit of wiggle-room between "is it even possible to get rich" and "average salary".
- underwater 8y agoDon't forget tax and living expenses (rent isn't cheap). Saving two million on a single engineering salary is going to take closer to a decade than a few years.
- davidivadavid 8y agoWhoa, so it's going to take ten whole years to own a house? ...and that's considered bad?
- underwater 8y agoI was addressing the original assertion that an engineer could save enough for a house in a few years. My approach was to save and then fun as far from the Bay Area as I could. Much quicker.
- grkvlt 8y agoIf you can save USD 2M in ten years, and buy a house outright then you are in a position to get a mortgage on said house in a much shorter timeframe.