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If you want to maximize earnings, I almost wonder if it would be cheaper to rent the cheapest possible place in a remote area with a higher COL/salary, and then
by yhoneycomb 6y ago
If you want to maximize earnings, I almost wonder if it would be cheaper to rent the cheapest possible place in a remote area with a higher COL/salary, and then just live in a cheap area.
- nly 6y agoYes, but until remote work is the norm it's a quality of life trade-off. Living in low COL area around London for instance is complicated by the fact that the entire commuter zone, for certain classes of housing, is basically priced at central prices less cost of commuting. If you want a comfortable family life, with a bunch of kids, then you're looking at a long commute. Housing in the UK is severely messed up though. It's actually better in most of the US.
- wooger 6y agoYeah, at least the US has multiple cities with similar pressure on price, the UK market is so unbalanced by London. But anecdotally a huge swath of the younger population is moving to Birmingham or Manchester to escape the South East price crunch. It's essentially insane for anyone not on or approaching 100k GBP to even bother with the South East at all imo.
- sokoloff 6y agoI think GP means “rent an address” somewhere expensive, claim you live there, and actually live someplace cheap, working remotely.
- willcipriano 6y agoSimilar to how Apple keeps all its intellectual property in Grand Cayman I keep everything I know about tech in the heart of SF.
- the_gipsy 6y agoOr let the company pay you the million dollar mortgage while you rent in some backwater town.