If you are living in an area with a high cost of living, $150k won’t feel like $150k.
From Bungalow, 10 Mist Expensive Cities in the US,
- San Francisco, CA The cost of living in San Francisco is the highest in the country. Jobs in the City by the Bay pay well, with average annual incomes of over $100,000. In 2019, the city had an unemployment rate as low as 1.8%. But a good chunk of each check goes toward the nation’s highest housing costs. As of January 2020, the average rent for an apartment in San Francisco was $3,700, and the median home purchase price was $1.35 million. Prices are sky-high because of limited housing stock and lack of new construction.
If you are making $100k and renting at the average rental price of $3,700, in one year the cost your housing is $44,400 which is almost 45% of your income. The goal is to spend 30% of your income on housing. If people with would be normally considered to have a good income are struggling then the poor are completely fucked.
There is a small group of people who are making money off this system and ain’t us.
San Francisco, CA The cost of living in San Francisco is the highest in the country. Jobs in the City by the Bay pay well, with average annual incomes of over $100,000
Now imagine one just doesn’t choose to live in the literal most expensive place on the planet.
FWIW the only people benefiting from this shitty exclusionary zoning are the boomers who rigged the zoning so they stay rich forever. It’s entirely a localized problem.
Now imagine one just doesn’t choose to live in the literal most expensive place on the planet.
Because the jobs I want to work will relocate to the midwest to help me cover rent. /s
And before you tell me to take a less-fancy job, some of the problems a person might want to solve are far more interesting and rewarding than the kinds of “tech” jobs available in a place like Austin, TX. No comparison at all. People don’t work hard to do things that don’t interest them.
