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An American middle class house in San Mateo or Santa Clara County will run you about $2 million, or ~$140k-160k/year. The take-home pay for $300k is about $180k
by closeparen 1y ago
An American middle class house in San Mateo or Santa Clara County will run you about $2 million, or ~$140k-160k/year. The take-home pay for $300k is about $180k.
Alameda County is cheaper because the commute to South Bay and to S.F. destinations not near BART is unreasonable. If you’re willing to rule out those jobs you might be able to get away closer to $1.5m at $120k/year.
I’m guessing you bought with a 3% mortgage and before the COVID asset price takeoff.
Another way to look at it is that for each $100m of company value created, you’re looking at perhaps $20m of employee equity, or about 10 employees being able to buy homes (before taxes) if the equity were distributed evenly.