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Usually because medicine, law, and finance comes with huge student debt. There's also a certain level of prestige expected with those profession that it seems p
by charlie0 2y ago
Usually because medicine, law, and finance comes with huge student debt. There's also a certain level of prestige expected with those profession that it seems par for the course to buy a $1M house, a car with a 6 figure price tag, etc. Those two things probably make FIRE hard to fathom for most of those people.
- bradlys 2y agoThey can come with large debt but it's not guaranteed. The one thing I will say though is that you typically do need to go to a more prestigious university. Also, tech is no exception to the expensive lifestyle. It's basically a requirement of living in Silicon Valley. Crap homes in Santa Clara are averaging $2.5m right now. People still plan to FIRE in the bay area.
- charlie0 2y agoThat's my point. Techies lived an expensive lifestyle not by choice. Now that we have remote work, how many have left to lower cost of living areas? Most of us are not driven by prestige and because of that we're a lot more amenable to FIRE.
- bradlys 2y agoRemote work is not that common still. All the return to office mandates should make that clear… The Bay Area still is attracting tens of thousands of immigrants from across the world every year. I have not seen any big difference in population within the bay for tech workers. If I saw any big migration - it was that all the single men have been trying to get to NYC. There is a massive amount of single men in SF that are trying to get to the NYC offices for nearly every big tech company right now. Everyone finally got sick and tired of how hard it is to meet women in SF. The ratio is obscene. (33-50% more single men than women depending on your subregion of SFBA)