4 ms·

You must live in the sticks or something. I make well over 6 figures and can’t afford a house.

by symlinkk 5y ago

api 5y ago
What do you consider the sticks?
oh_sigh 5y ago
Sure you can. You just can't afford a house in 94027.
caymanjim 5y ago
Maybe not today, if you haven't saved, but if you have no major debt now, there is noplace in the country where six figures won't allow you to buy a house once you have a downpayment. Mortgages are cheaper than rent, and you're presumably living somewhere right now.
- symlinkk 5y ago
  I mean that’s kind of a tautological statement, if you have a huge down payment of course you can buy a house?
  - caymanjim 5y ago
    My point is that a six figure income makes it possible anywhere. Especially a "well over six" income. Of course you have to save, but it's ridiculous to say it's unaffordable.
- Thorrez 5y ago
  What is your definition of house? Does a studio condo count? And how far of a commute are you talking about? Let's take Mountain View. Looking at "houses" and "townhouses" on Zillow, the cheapest one is this one[1] for $1,295,000. Zillow says the estimated monthly cost is $6,176. I don't think that's possible on a $100k salary once you factor in taxes. Zillow also says the rent "Zestimate" is $3,949/mo, so Zillow thinks it would be cheaper to rent than to buy. One hypothetical reason that renting could be cheaper than buying is that landlords buy for the expected price growth rather than just for the rental income. > you're presumably living somewhere right now. Maybe with roommate(s). If you buy 50% or 33% or 25% of a house with your roommate(s), that's not really $100k buying a house, that's $200k or $300k or $400k buying a house. [1] https://www.zillow.com/homedetails/1993-Plymouth-St-APT-8-Mountain-View-CA-94043/19512717_zpid/ https://www.zillow.com/homedetails/1993-Plymouth-St-APT-8-Mo...
acchow 5y ago
"well over 6 figures". Does this mean "well over $100k" or "well over 999k"?
- cercatrova 5y ago
  Usually it means the former.
  - symlinkk 5y ago
    Do you seriously think people making $1M/yr browse this website
    - reducesuffering 5y ago
      Easily at least a hundred of them...
    - robbintt 5y ago
      A great many L7+ engineers definitely do. Ditto for career managers who don't implement day to day but do their best to keep up.
    - cercatrova 5y ago
      Yes, many such people, including myself, billionaires too. Brian Armstrong, founder of Coinbase [0], Austen Allred [1], Patrick McKenzie is probably at the millionaire level, working at Stripe; there are a lot of entrepreneurs and business people here, this is a site run by a VC of course, not just technologists. [0] https://news.ycombinator.com/threads?id=barmstrong https://news.ycombinator.com/threads?id=barmstrong [1] https://news.ycombinator.com/threads?id=austenallred https://news.ycombinator.com/threads?id=austenallred
    - swader999 5y ago
      There was a guy yesterday that said he's doing four remote swe jobs right now at the same time. Takes roles that he's comfortable with and capable at, gets stuff done and nobody complains. Sounds like he's +1 million. Sort of like a 4x Tim Ferris program.

You must live in the sticks or something. I make well over 6 figures and can’t afford a house.

api 5y ago

What do you consider the sticks?

oh_sigh 5y ago

Sure you can. You just can't afford a house in 94027.

caymanjim 5y ago

Maybe not today, if you haven't saved, but if you have no major debt now, there is noplace in the country where six figures won't allow you to buy a house once you have a downpayment. Mortgages are cheaper than rent, and you're presumably living somewhere right now.

symlinkk 5y ago
I mean that’s kind of a tautological statement, if you have a huge down payment of course you can buy a house?
- caymanjim 5y ago
  My point is that a six figure income makes it possible anywhere. Especially a "well over six" income. Of course you have to save, but it's ridiculous to say it's unaffordable.
Thorrez 5y ago
What is your definition of house? Does a studio condo count? And how far of a commute are you talking about? Let's take Mountain View. Looking at "houses" and "townhouses" on Zillow, the cheapest one is this one[1] for $1,295,000. Zillow says the estimated monthly cost is $6,176. I don't think that's possible on a $100k salary once you factor in taxes. Zillow also says the rent "Zestimate" is $3,949/mo, so Zillow thinks it would be cheaper to rent than to buy. One hypothetical reason that renting could be cheaper than buying is that landlords buy for the expected price growth rather than just for the rental income. > you're presumably living somewhere right now. Maybe with roommate(s). If you buy 50% or 33% or 25% of a house with your roommate(s), that's not really $100k buying a house, that's $200k or $300k or $400k buying a house. [1] https://www.zillow.com/homedetails/1993-Plymouth-St-APT-8-Mountain-View-CA-94043/19512717_zpid/ https://www.zillow.com/homedetails/1993-Plymouth-St-APT-8-Mo...

acchow 5y ago

"well over 6 figures". Does this mean "well over $100k" or "well over 999k"?

cercatrova 5y ago
Usually it means the former.
- symlinkk 5y ago
  Do you seriously think people making $1M/yr browse this website
  - reducesuffering 5y ago
    Easily at least a hundred of them...
  - robbintt 5y ago
    A great many L7+ engineers definitely do. Ditto for career managers who don't implement day to day but do their best to keep up.
  - cercatrova 5y ago
    Yes, many such people, including myself, billionaires too. Brian Armstrong, founder of Coinbase [0], Austen Allred [1], Patrick McKenzie is probably at the millionaire level, working at Stripe; there are a lot of entrepreneurs and business people here, this is a site run by a VC of course, not just technologists. [0] https://news.ycombinator.com/threads?id=barmstrong https://news.ycombinator.com/threads?id=barmstrong [1] https://news.ycombinator.com/threads?id=austenallred https://news.ycombinator.com/threads?id=austenallred
  - swader999 5y ago
    There was a guy yesterday that said he's doing four remote swe jobs right now at the same time. Takes roles that he's comfortable with and capable at, gets stuff done and nobody complains. Sounds like he's +1 million. Sort of like a 4x Tim Ferris program.