6 ms·

> most people are making more money than they know what to do with Well, if they are in SF (which many of them are), they know exactly what to do with all the

> most people are making more money than they know what to do with Well, if they are in SF (which many of them are), they know exactly what to do with all the money: pay the rent and share pizza with their 6 roommates.

craigzucchini 7y ago
That's also easy to forget ;) 115k ain't going too far in that respect. The U.S is a different place as well, and even that 100k signing bonus won't go that far in replacing student debt. I was surprised that he's a USC grad with a .ca TLD. Edit: At an 11k surplus every month, I take the above comment back.
- hello_moto 7y ago
  > and even that 100k signing bonus won't go that far in replacing student debt Better than "zero" signing bonus. $100k takes how many years of saving money? This signing bonus is "free money" provided you stay with the company within the agreeable period.
  - tidepod12 7y ago
    > $100k takes how many years of saving money According to one poster in this thread [1], it takes 1 (one) year for him to save up $100k without even trying. 1: https://news.ycombinator.com/item?id=20943752 https://news.ycombinator.com/item?id=20943752
    - hello_moto 7y ago
      He's a unicorn. The rest won't be able to pay up $100k quickly.
      - balfirevic 7y ago
        Not according to levels.fyi
        aprdm 7y ago
        Which has mostly unicorns filling the data...
- manfredo 7y ago
  My starting salary was $110k, and I couldn't sell any stock for my first 3 years. Living in SF was not very hard, I opted to live alone in a studio costing $1.8-1.9k. I could still save about half my post tax income.
  - heyoni 7y ago
    How long ago was this? And do you own your own home now?
    - manfredo 7y ago
      That was 4-5 years ago. No, I don't own my own home. The SF real estate market is inflated, IMO, and I could easily see housing prices drop once the populace has had enough of restrictive development policies. Salaries are high enough that I'm still saving good money while renting.
tidepod12 7y ago
The OP of this thread, who lives in SF, mentions he has about $11k left over every month after paying for rent and living expenses, and after spending $1200 a month in 'fun' expenses. See: https://news.ycombinator.com/item?id=20943699 https://news.ycombinator.com/item?id=20943699 Yes SF is expensive, but these salaries are absurd.
- craigzucchini 7y ago
  Yikes. Dig the name btw.
- hellofunk 7y ago
  But you must also look at how much space belongs to that one individual for the rent they pay, vs elsewhere; not to mention, California's very high taxes. It's common for those with seemingly high salaries to have very little space or actually share it with many people, and if you lived like that in other places you'd also end up with more leftover each month, even with a lower salary.
  - deleted 7y ago
    [deleted]
  - tidepod12 7y ago
    OP mentions he pays $2400 in rent, which would get you a pretty decent studio or half of a 2br apartment in some very nice places in SF. The $11k leftover is also after taxes (and also after 'fun' spending and utilites/food).
  - filoleg 7y ago
    ok sure, let's imagine that this specific individual decides to spend $2k more on rent to have a place just to himself, which would bring his net after all expenses to over $9k. Still a lot, so the housing costs don't make that much of a difference here.
    - hellofunk 7y ago
      But rent is just part of the picture, and 2k is a low estimate to match actual quality of life. What about the much higher taxes, much higher prices for other aspects of living?
maerF0x0 7y ago
+1 to give parent commenter some perspective someone is looking at ~$1200USD a month just to share a bedroom with someone else, closer to double that just to have a private room in a shared home. Approaching $4k to have a place to yourself.
- craigzucchini 7y ago
  It's context that I had, but is easily forgotten, especially with the .ca TLD. There's taxes and student debt to service as well—probably.
- hellocs1 7y ago
  Most of my friends pay $1500-$1800 for a bedroom in an apartment. Those paying $2400 all have 1BD or studios. Check Zillow for prices. I am currently living in a gigantic 3BD for $5200.

craigzucchini 7y ago

That's also easy to forget ;) 115k ain't going too far in that respect. The U.S is a different place as well, and even that 100k signing bonus won't go that far in replacing student debt. I was surprised that he's a USC grad with a .ca TLD. Edit: At an 11k surplus every month, I take the above comment back.

hello_moto 7y ago
> and even that 100k signing bonus won't go that far in replacing student debt Better than "zero" signing bonus. $100k takes how many years of saving money? This signing bonus is "free money" provided you stay with the company within the agreeable period.
- tidepod12 7y ago
  > $100k takes how many years of saving money According to one poster in this thread [1], it takes 1 (one) year for him to save up $100k without even trying. 1: https://news.ycombinator.com/item?id=20943752 https://news.ycombinator.com/item?id=20943752
  - hello_moto 7y ago
    He's a unicorn. The rest won't be able to pay up $100k quickly.
    - balfirevic 7y ago
      Not according to levels.fyi
      - aprdm 7y ago
        Which has mostly unicorns filling the data...
manfredo 7y ago
My starting salary was $110k, and I couldn't sell any stock for my first 3 years. Living in SF was not very hard, I opted to live alone in a studio costing $1.8-1.9k. I could still save about half my post tax income.
- heyoni 7y ago
  How long ago was this? And do you own your own home now?
  - manfredo 7y ago
    That was 4-5 years ago. No, I don't own my own home. The SF real estate market is inflated, IMO, and I could easily see housing prices drop once the populace has had enough of restrictive development policies. Salaries are high enough that I'm still saving good money while renting.

tidepod12 7y ago

The OP of this thread, who lives in SF, mentions he has about $11k left over every month after paying for rent and living expenses, and after spending $1200 a month in 'fun' expenses. See: https://news.ycombinator.com/item?id=20943699 https://news.ycombinator.com/item?id=20943699 Yes SF is expensive, but these salaries are absurd.

craigzucchini 7y ago
Yikes. Dig the name btw.
hellofunk 7y ago
But you must also look at how much space belongs to that one individual for the rent they pay, vs elsewhere; not to mention, California's very high taxes. It's common for those with seemingly high salaries to have very little space or actually share it with many people, and if you lived like that in other places you'd also end up with more leftover each month, even with a lower salary.
- deleted 7y ago
  [deleted]
- tidepod12 7y ago
  OP mentions he pays $2400 in rent, which would get you a pretty decent studio or half of a 2br apartment in some very nice places in SF. The $11k leftover is also after taxes (and also after 'fun' spending and utilites/food).
- filoleg 7y ago
  ok sure, let's imagine that this specific individual decides to spend $2k more on rent to have a place just to himself, which would bring his net after all expenses to over $9k. Still a lot, so the housing costs don't make that much of a difference here.
  - hellofunk 7y ago
    But rent is just part of the picture, and 2k is a low estimate to match actual quality of life. What about the much higher taxes, much higher prices for other aspects of living?

maerF0x0 7y ago

+1 to give parent commenter some perspective someone is looking at ~$1200USD a month just to share a bedroom with someone else, closer to double that just to have a private room in a shared home. Approaching $4k to have a place to yourself.

craigzucchini 7y ago
It's context that I had, but is easily forgotten, especially with the .ca TLD. There's taxes and student debt to service as well—probably.
hellocs1 7y ago
Most of my friends pay $1500-$1800 for a bedroom in an apartment. Those paying $2400 all have 1BD or studios. Check Zillow for prices. I am currently living in a gigantic 3BD for $5200.