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But if you have to live in SF or NYC to earn those salaries, those salaries are not actually that high. I mean isn't $150k in the Bay Area a poverty wage? Can
by api 5y ago
But if you have to live in SF or NYC to earn those salaries, those salaries are not actually that high.
I mean isn't $150k in the Bay Area a poverty wage? Can you get a starter home for less than $1M?
If everyone has to be in one of a few cities to have a good job, the cost of real estate in those cities will explode to the point that it will soak up all that advantage.
https://en.wikipedia.org/wiki/Law_of_rent https://en.wikipedia.org/wiki/Law_of_rent
- _vertigo 5y agoI make $150K not counting stock (which I am holding, not selling) in San Francisco. I don't feel poor. I live a comfortable lifestyle that makes me feel almost rich compared to others, I feel grateful and fortunate. Sure, I am a little frugal, but I am quite comfortable. Obviously my overall outlook probably be a lot worse if I didn't have stock in the picture. But I'm still able to live well and save well with my cash salary, so I don't think "poverty wages" is accurate.