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Don'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.
by underwater 9y ago
Don'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 9y agoWhoa, so it's going to take ten whole years to own a house? ...and that's considered bad?
- underwater 9y 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 9y 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.