2 ms·
> Older top talent often has the resources to actually buy houses even in expensive areas, anyway. Maybe at the toppest-top, but it's a struggle for anyone wit
by eiaoa 8y ago
> Older top talent often has the resources to actually buy houses even in expensive areas, anyway.
Maybe at the toppest-top, but it's a struggle for anyone with even a high normal-range income to buy a home in the Bay Area.
- notyourday 8y agoThis means they are underpaid ( which I am pretty sure quite a few people in tech are ): - LIC Queens high rises have 2/2 rentals that go for $17k/mo. ~ 1200sq feet. High floors. Ok views. Ok buildings. - In Manhattan those are $22k-$30k/mo in newer buildings and $15-20k/mo in older hifg rises. They aren't full of tech bros. They are full of finance and attorney bros. I have an acquaintance that lives in one. He is one of the portfolio managers for one of the hedge funds. He is a salary only manager. By the standards of NYC apartments qualification, it means his take home after taxes has to be at around 65k/mo as proven by his tax returns for last two years.