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Absolutely agreed. The tax rate in the Bay Area (and also NYC) alone makes me blink. Toss in inflated costs for rent (and inflated food, grocery, parking, and e
by vanilla_nut 4y ago
Absolutely agreed. The tax rate in the Bay Area (and also NYC) alone makes me blink. Toss in inflated costs for rent (and inflated food, grocery, parking, and everything else because the rent is so high) and it just doesn't make any sense. Not to mention the property tax you'd owe on a 2023 purchase of a 1MM+ "starter home."
But just because it's a bit cheaper in other parts of the country doesn't mean the pricing is good for locals. Most of the world doesn't work in tech, and makes nowhere near tech salaries. We're already starting to see the problems (homelessness is a major one) that stem from prices exceeding what the poorest in society can afford. And when you can't find people to work basic jobs, and people have to find a way to live outside the system, it'll only get worse.