4 ms·
This plays out all over the place. Take San Mateo, California: * Median pre-tax household income: $103k * Post-Tax: $70k * Median home price: $1.6M (~$1200
by beambot 5y ago
This plays out all over the place. Take San Mateo, California:
* Median pre-tax household income: $103k
* Post-Tax: $70k
* Median home price: $1.6M (~$1200 USD per sqft)
* 400 sqft: $480k (note: this is without the 20-30% premium you'd pay for smaller properties)
* 15% downpayment: $72k
Housing prices are broken all over the place...
- RandyRanderson 5y agoMany would say that comparing San Mateo, arguably part of silicon valley (the center of the technology business world-wide), to Vancouver (we have no real industry unless you count tourism or money laundering[0]) is at best disingenuous. [0] https://complyadvantage.com/knowledgebase/vancouver-money-laundering-model https://complyadvantage.com/knowledgebase/vancouver-money-la...
- BadInformatics 5y agoVancouver may have "no industry" relative to SV, but it is a veritable black hole for tech on the west coast of Canada. The same rat race of high-skilled, well-paying jobs only being available in HCoL cities is just as much of an issue north of the border. The even smaller gap between compensation and CoL in Vancouver, Toronto, etc. just serves to make things more miserable.
- beambot 5y agoHuh. I was always told that Vancouver was a staging ground for Amazon & Microsoft folks who didn't want to or couldn't immigrate to the US.