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> 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

> 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?

> 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?