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Fascinated to see the effect on the supply of housing and affordability in the Bay Area. Know lots of people who outright reject the idea of moving there becaus

Fascinated to see the effect on the supply of housing and affordability in the Bay Area. Know lots of people who outright reject the idea of moving there because of housing costs despite the potential career boon.

teaearlgraycold 4y ago
Rent has gone down in recent years at least
dangwhy 4y ago
> because of housing costs despite the potential career boon. Tech jobs adjust for col though ? Its maybe 3k more/month at high estimate. I know bay area jobs in tech ajdust for 35k more for sure.
- adamsmith143 4y ago
  35k per year doesn't cover the difference when I can live in a "lcol" city and buy a house for 400k that's probable 2M+ in the Bay. Mostly talking about people interested in raising a family in a home and not renters.
  - dangwhy 4y ago
    > 400k that's probable 2M+ This seems like an extreme example. I have friends raising 2 kids in Pleasanton, CA working for bigtech. They bought their houses at ~ 1M before the housing craziness started. They made a similar move from suburbs of chicago with 3k extra monthly mortgage for the new house in CA, with a salary bump of over 100k.
    - adamsmith143 4y ago
      >They bought their houses at ~ 1M before the housing craziness started. "Only 1M" And I mean sure I could have bought a big house in Palo Alto for 50k or whatever in 1950 but that's not really relevant anymore. Maybe dual tech worker couples can make it work but but there isn't a large pay increase for most other fields in the Bay.
      - deleted 4y ago
        [deleted]
      - dangwhy 4y ago
        yes for sure, that kind of salary bump outside tech is not easy. But at the same time if you can make it happen it has a huge impact on your net worth/retirement/kids college ect. Even in this example, ppl in bay area gained a million in networth in just home price while the 400k person didn't make any gains. I don't know where houses are 400k these days though.
        adamsmith143 4y ago
        >But at the same time if you can make it happen it has a huge impact on your net worth/retirement/kids college ect. Well the joke was always you had to have an all cash bid 20% over asking in the Bay before the run up anway so you already had to have a pretty massive net worth to buy in the first place. >I don't know where houses are 400k these days though. Basically anywhere outside the Coasts in the US?

teaearlgraycold 4y ago

Rent has gone down in recent years at least

dangwhy 4y ago

> because of housing costs despite the potential career boon. Tech jobs adjust for col though ? Its maybe 3k more/month at high estimate. I know bay area jobs in tech ajdust for 35k more for sure.

adamsmith143 4y ago
35k per year doesn't cover the difference when I can live in a "lcol" city and buy a house for 400k that's probable 2M+ in the Bay. Mostly talking about people interested in raising a family in a home and not renters.
- dangwhy 4y ago
  > 400k that's probable 2M+ This seems like an extreme example. I have friends raising 2 kids in Pleasanton, CA working for bigtech. They bought their houses at ~ 1M before the housing craziness started. They made a similar move from suburbs of chicago with 3k extra monthly mortgage for the new house in CA, with a salary bump of over 100k.
  - adamsmith143 4y ago
    >They bought their houses at ~ 1M before the housing craziness started. "Only 1M" And I mean sure I could have bought a big house in Palo Alto for 50k or whatever in 1950 but that's not really relevant anymore. Maybe dual tech worker couples can make it work but but there isn't a large pay increase for most other fields in the Bay.
    - deleted 4y ago
      [deleted]
    - dangwhy 4y ago
      yes for sure, that kind of salary bump outside tech is not easy. But at the same time if you can make it happen it has a huge impact on your net worth/retirement/kids college ect. Even in this example, ppl in bay area gained a million in networth in just home price while the 400k person didn't make any gains. I don't know where houses are 400k these days though.
      - adamsmith143 4y ago
        >But at the same time if you can make it happen it has a huge impact on your net worth/retirement/kids college ect. Well the joke was always you had to have an all cash bid 20% over asking in the Bay before the run up anway so you already had to have a pretty massive net worth to buy in the first place. >I don't know where houses are 400k these days though. Basically anywhere outside the Coasts in the US?