4 ms·
Who is replacing you?
by AnsisMalins 8y ago
Who is replacing you?
- perfmode 8y agopeople willing to spend 50% of their pay on housing
- AnsisMalins 8y agoSo, people who are more desperate rather than more rich?
- perfmode 8y agoyes, but probably a combination of both
- briandear 8y agoAnd people willing to have 3 roommates.
- VonGuard 8y agoBeen here 20 years, have done this almost the entire time...
- anonymous5133 8y agoThats not something to be bragging about...
- d1zzy 8y agoIt really depends what the absolute value of the remaining 50% is. If it's <=$2k/month then yeah, that's pretty bad. If it's $5k/month then you can still live a very nice life and afford many things, in the Bay Area. Don't forget, products bought online still cost the same anywhere in the US (well, almost, there's sales tax involved). I think people get way too caught up in "oh but I pay <insert large percentage> on housing, that's terrible". It doesn't matter. What matters is how much money you have left after having to pay for rent/mortgage, food, car lease/insurance/registration/gas and utilities. If that amount of money allows you to go to restaurants, go on world trips, buy the latest gadgets/hardware then who cares. I feel that people complain about this because they imagine some kind of unrealistic scenario "oh, I make $150k/year, imagine how much I would be saving if my rent/mortgage wasn't %50 of my income". Newsflash: rent and mortgages are that high _because_ you (and many others like you) make that amount of money, so pick your poison :) Of course, it's a completely different situation for most people that aren't working as engineers for tech companies in the area...
- jimbofisher1 8y agoRents/Real Estate costs in the Bay Area are artificially inflated because of zoning laws, nimbyism and general lack of supply.
- perfmode 8y agothis. this excessive rent expenditure is landing straight into the pockets of the lucky few who own the land.
- cakemuncher 8y agoI was making $72k in Houston. Was paying $1000 for a nice apartment $1BD. Moved to Seattle tocmaken $105k with rent costing me $1600. 72k-(1k12months) = $60k $105k-(1.6k12) = $85k So in total I'm making more in Seattle than I was in Houston. People are just scared of those high prices because they grew up around apartments that were costing $600/month a decade ago. Times changed and rent went up everywhere but people are still being shocked by those high prices because we're slow to adapt.