4 ms·

VPs start at about 2M/year before taxes. That doesn't buy you much in the Bay Area.

• jkubicek 5y ago
  I bought a $1MM house in the bay area on a salary 1/10th of that. $2MM/year TC buys you a heck of a lot of house.
  • akomtu 5y ago
    You probably meant you were given a loan to buy a house.
    • xyzzyz 5y ago
      Yes, that’s how people typically buy houses. Deeming a salary low if you can’t buy a house with one year of after-taxes, after-expenses income, sounds rather insane to me.
      • akomtu 5y ago
        No, they don't. They lease houses from banks, with a possibility to buy it in 30 years.
        • xyzzyz 5y ago
          That’s not how mortgage works, no.
• romanhn 5y ago
  That's a very odd take. There are very few homes one wouldn't be able to afford (yes, with a mortgage) at 2M/year.