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Then you must be living in a really expensive city.
by c-rhodes 6y ago
Then you must be living in a really expensive city.
- medium_burrito 6y agoIt's a combination of good jobs being in expensive cities, purchasing power dropping and epic (god I hate word) asset inflation. That said remote work makes middle american and rest of the world post wuflu much more possible. I wonder what will happen to big expensive cities after all the young people leave for the midwest and south?
- Havoc 6y agoYup. London. In the land of limp pay cheques (compared to US). Financial sector means being in a financial hub though so not much choice. I'll probably end up moving further out and accepting a long commute eventually.
- novok 6y agoWhy not move to SF or NYC if your in tech or finance?
- 535188B17C93743 6y agoYou say it like it's super simple...
- novok 6y agoI did it.
- Havoc 6y ago> SF or NYC That solves my property too expensive problem how? More seriously...not super keen on living in the US to be honest. Could probably do it practically, but given my life circumstances it would be a net loss.
- novok 6y agoWell you would probably make $300k, so your income:price ratio would be more favorable.
- sobani 6y agoThe income:price ratio would be better if you only consider NYC/SF prices. If you also take in account the vastly lower prices in other regions, suddenly the ratio would become a lot more favorable in those other regions.
- lilsoso 6y agoWait, how common are $300k salaries in SF/NYC outside of FAANG-level companies? This forum isn't Teamblind.
- dragonsngoblins 6y agoNot who you asked but because people have lives built where they are living and they don't necessarily want to move to an entirely different continent away from their favourite people and places even if they could be making more money? Like if you want to do that power to you, but this seems like such an insane question to just ask a stranger on the internet given that there are very obvious reasons why a person might not want to do that
- refurb 6y agoWhy are you shocked you can't afford a house if you live in one of the most expensive cities in the world. My parents grew up in the "golden years" of the 60's and they couldn't afford it either. That's why they moved to a small town with cheap housing.
- ntsplnkv2 6y agoExpensive cities have most of the jobs. There's a reason Pittsburgh's population declined by the hundreds of thousands since the 1970s. Sure you can get a cheaper house. But you aren't making coastal money. In the 60s those "small towns" had manufacturing plants you could just walk in and get a job at, many of which were union and paid extraordinarily well.
- refurb 6y agoIt's not an "either or". There are mid-range cities, with jobs and affordable housing. As many jobs as there are in SF, LA, NYC, etc, they don't comprise 100% of all jobs.
- ntsplnkv2 6y agoThese mid range cities are not as agreeable as you think. I live in one. Housing is very expensive W.R.T income now. The reason many of these places have cheap housing is largely because of abandoned neighborhoods, vacant lots, condemned housing, ancient housing which requires A TON of work...the neighborhoods people want to live in are pretty expensive still. Not to mention the old school mentality and opportunity cost. I left one of those old school firms. It was 8-5 everyday, no variation, no flex hours. No vacation in your first year. No comp time for travel. Expectation of working additional hours. Poor yearly raises, etc. Small job market = small network = less salary jumps.
- refurb 6y agoSo it sounds like tradeoffs. Go to a big city, get a high salary, can't afford a house. Go to a medium size city, get a lower salary, can afford a house. I'm not surprised there is a utopian city where salaries are high and housing is cheap.