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> it is within reach for most programmers to jump on the real estate ladder, heavily invest, and retire comfortably. In Amsterdam, where I currently live, I wo
by leto_ii 4y ago
> it is within reach for most programmers to jump on the real estate ladder, heavily invest, and retire comfortably.
In Amsterdam, where I currently live, I would say a normal salary for a senior dev would be ~ 80k euros gross. A decent apartment somewhere in the city could be ~ 500k. Unless you can pay a pretty significant deposit you won't qualify for a loan (rule of thumb is you get 5x gross salary = 400k in this case).
Back in the day the same kind of apartment could probably have been bought on a working class salary.
Climbing the real-estate ladder is hard for a dev, impossible for anybody making less than dev salaries.
- deleted 4y ago[deleted]
- Gigachad 4y agoIn Australia the average is over $100k and it tends to be younger people under and people with 10 years experience way over that amount. An average apartment is still $500k which is very affordable. Chuck in a second income and it’s basically cheap.