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it is not grim but getting a family-home with a dev salary is out of the picture for many western europeans. it wasn't the case one generation ago. american dev

it is not grim but getting a family-home with a dev salary is out of the picture for many western europeans. it wasn't the case one generation ago. american dev can definitly afford a house even in HCOL cities. for a similar job at AWS or Google you getting 550k+ in NYC vs 200k in London or Paris. just looking at real estate (which is number 1 cost) it is worth moving to NYC. just to give you an idea: MIDTOWN next to bryant park 1 400 000k$ https://ibb.co/m4bPcXR https://ibb.co/m4bPcXR decent location in paris (definitely not top tier like next to Bryant park) 1 300 000 Euros https://ibb.co/kx8BXh2 https://ibb.co/kx8BXh2 why every time we say life became harder/more expensive we get comments saying its not that grim? this is how it starts. first steps are to reduce government benefits (retirement age further, unemployement benefits shorter,...-

jltsiren 4y ago
London and Paris are expensive, but they are not the norm. Home ownership is still affordable to dual-income middle-class families in Western Europe, and there are plenty of nice cities to choose from. In many larger cities, central locations are ridiculously expensive. Once you get further away from the center, prices drop quickly. Because the society is less car-centric, location has a bigger impact on home prices than in the US.
- finikytou 4y ago
  well city center or further in the city is 10kSQM in paris minimum that still puts the house into unaffordable territory with a european salary of ~80k for a senior dev. germany is a bit different because they have multiple job cities but take other countries. London vs other english cities job market will be night and day. Same for paris. You just don't get the same opportunities in smaller cities. Spain same. Portugal same. and the list goes on.
  - jltsiren 4y ago
    First, buying on a single salary is always difficult, because you are competing primarily against dual-income households. Second, the problem seems to be chasing the hottest job markets. Those places are often unaffordable, because there is too much money floating around. They are good for people near the top, who can get very high compensation, as well as those near the bottom, who are happy to accept any job. People in the middle often find better deals in places with fewer opportunities and lower costs of living.
Firmwarrior 4y ago
Man, every time I think I'm doing well, it turns out I'm making way less than I could be.. I'm apparently getting a crappy deal making $300k TC in the Bay Area with 14 years of experience

jltsiren 4y ago

London and Paris are expensive, but they are not the norm. Home ownership is still affordable to dual-income middle-class families in Western Europe, and there are plenty of nice cities to choose from. In many larger cities, central locations are ridiculously expensive. Once you get further away from the center, prices drop quickly. Because the society is less car-centric, location has a bigger impact on home prices than in the US.

finikytou 4y ago
well city center or further in the city is 10kSQM in paris minimum that still puts the house into unaffordable territory with a european salary of ~80k for a senior dev. germany is a bit different because they have multiple job cities but take other countries. London vs other english cities job market will be night and day. Same for paris. You just don't get the same opportunities in smaller cities. Spain same. Portugal same. and the list goes on.
- jltsiren 4y ago
  First, buying on a single salary is always difficult, because you are competing primarily against dual-income households. Second, the problem seems to be chasing the hottest job markets. Those places are often unaffordable, because there is too much money floating around. They are good for people near the top, who can get very high compensation, as well as those near the bottom, who are happy to accept any job. People in the middle often find better deals in places with fewer opportunities and lower costs of living.

Firmwarrior 4y ago

Man, every time I think I'm doing well, it turns out I'm making way less than I could be.. I'm apparently getting a crappy deal making $300k TC in the Bay Area with 14 years of experience