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Even Apple and Google Engineers Can't Really Afford To Live Near Their Offices (fastcompany.com)
That's according to the Y Combinator-backed real-estate startup Open Listings, which looked at median home sales prices near the headquarters (meaning within a 20-minute commute) of some of the Bay Area's biggest and best-known tech companies. Fast Company: Using public salary data from Paysa, Open Listings then looked at how many software engineers from those companies could actually afford to buy a house close to their office. Here's what it found: Engineers at five major SF-based tech companies would need to spend over the 28% threshold of their income to afford a monthly mortgage near their offices. Apple engineers would have to pay an average of 33% of their monthly income for a mortgage near work. That's the highest percentage of the companies analyzed, and home prices in Cupertino continue to skyrocket. Google wasn't much better at 32%, and living near the Facebook office would cost an engineer 29% of their monthly paycheck.
I think there is an idea for a start-up. Autonomous campers which just drive around all night or find cheap parking someplace. Your camper could drive up to 4 hours away from work while you slept and get you back in time for work.
You sir are part of the problem. You displaced a middle income family from living at that house and it's happening more and more across the country.
You sir, are insane. I didn't buy the only shitty house in this city. There are plenty of other shitty houses for people to choose from. There's certainly no shortage. This PARTICULAR shitty house was for sale for six months before we bought it. If someone else wanted it, they had ample opportunity to buy it before we did.
Aside from that - I'm supposed to buy as much house as I can possibly afford, so that I TOO can be only one job loss or other bad break away from losing my house and/or going into bankruptcy? What the fuck kind of logic is that? It's the very same logic that puts many people in the exact shitty situation that they find themselves in.
Maybe I could stretch myself even more buy hiring a lawn guy, a house cleaner and a home repair guy - since that would provide jobs for people! Fuck - I didn't realize I am so evil until now. Thanks for helping clue me in!
Eh, there are plenty of places you can live in California for less; they're just not places you'd want to live.
Because they're IN California.
You couldn't pay me $1M/year to live anywhere in that state. Or New York, for that matter.
Or any state in this list: Hawaii, Oregon, Washington, Rhode Island, Connecticut, Delaware, Vermont, Massachusetts, New Jersey, and Maryland.