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Rent alone would come out to about 50% of your take home pay[1] (estimated of course - you would probably get less depending on benefits). Assuming if you hunte

by nadams 12y ago

Rent alone would come out to about 50% of your take home pay[1] (estimated of course - you would probably get less depending on benefits). Assuming if you hunted you might be able to rent for $1500, but from zillow[2] the rent appears to be from $2-4k+. If you showed me an apartment for $1.5k and the average is $2k I would want to know what is wrong with it. In my suburban area - I could get a mortgage for a $100k house with at least 2br for about $500/month. Of course people at Google probably don't get paid exactly $100k but keeping in mind a good sized chunk of that is just going toward living there. [1] - http://www.calculator.net/take-home-pay-calculator.html?cannualincome=100000&cpayfrequency=Bi-weekly&cfilestatus=Single&callowance=2&cdeduction=500&cstatetax=9.3&ccitytax=0&cadditionat1=no&printit=0&x=58&y=6 http://www.calculator.net/take-home-pay-calculator.html?cann... [2] - http://www.zillow.com/homes/for_rent/Redwood-City-CA/house,condo,apartment,duplex,townhouse_type/82960648_zpid/20128_rid/days_sort/37.608656,-122.033558,37.407665,-122.394047_rect/11_zm/?view=map http://www.zillow.com/homes/for_rent/Redwood-City-CA/house,c...

chaqke 12y ago
Some easy numbers: 1k/month is ~12k/year, which is ~15-18k of pre-tax salary. To re-emphasize, 1k/month in lower rent is worth 15-18k of salary. I have friends paying more than $2k/month more than me, which is around a negative 40k raise (I live in San Francisco, but share). It's very easy for humans to misinterpret recurring costs.
- nadams 12y ago
  I don't understand your point - Assuming $2k/month is $40k - that is almost half of $100k. So almost half your salary is going towards just rent. Let's say you made $50k in a suburb area - using your numbers you would only pay $10k/year for a mortgage ($500/month) - with only $20k difference in salary. $100k in CA ~ $60k $50k in suburbs ~ $40k Realistically you would probably make $60-$70k in suburb areas which, according to your numbers, would make the same if not more AND own a house. Of course this is ignoring other factors like food, utilities, bills and taxes.

by nadams 12y ago

chaqke 12y ago

Some easy numbers: 1k/month is ~12k/year, which is ~15-18k of pre-tax salary. To re-emphasize, 1k/month in lower rent is worth 15-18k of salary. I have friends paying more than $2k/month more than me, which is around a negative 40k raise (I live in San Francisco, but share). It's very easy for humans to misinterpret recurring costs.

nadams 12y ago
I don't understand your point - Assuming $2k/month is $40k - that is almost half of $100k. So almost half your salary is going towards just rent. Let's say you made $50k in a suburb area - using your numbers you would only pay $10k/year for a mortgage ($500/month) - with only $20k difference in salary. $100k in CA ~ $60k $50k in suburbs ~ $40k Realistically you would probably make $60-$70k in suburb areas which, according to your numbers, would make the same if not more AND own a house. Of course this is ignoring other factors like food, utilities, bills and taxes.