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Ok - what is the location? What is the CoL? In the bay area a crappy 60 y/o house costs north of 2M. Are you sure the "directors" you are comparing with are
by flashgordon 3y ago
Ok - what is the location? What is the CoL? In the bay area a crappy 60 y/o house costs north of 2M. Are you sure the "directors" you are comparing with are living in comparable neighborhoods buying houses at the same time or living off an inherited property or something they lucked into in the early 2010?
- throwaway5959 3y agoI knew I’d regret not adding the SF asterisk. How much do you think the median person makes in SF and still manages to survive? Quick Google shows $96k/year. Less than half of an SDE2.
- flashgordon 3y agoNo I understand. SF is huge. I dont know what is the level (or quality) of home ownership for folks on that median salary. Or even the location and how "indentured" they are. I do agree that as techies we have the luxury of upward mobility which most of the median salary folks may not have the good fortune of. Just that 250k while sounds great on paper - when your crappy home to house a family (at say southbay) is 2M+ (and this is very very low end) being 3x median while something is not quite eye popping. Yes you could always chose to live a 2hour drive away in a more constrained place - but at this point your "eye popping" TC is not looking that great anymore is it? Now should a question be what is a "fair" standard of living everyone should have?
- throwaway5959 3y agoI live in a HCOL area. I still feel incredibly fortunate to make six figures.
- aworks 3y agoYes, location, location, location. I'm a Bay Area resident in a crappy 76 y/o house worth > 2M. And surprisingly happy about it.