San Jose vs. San Mateo

Bloomberg F.U. Money
Oct 30 25 Comments

I will be taking the train or driving to the CalTrain station in Sunnyvale and I am debating between a luxury 1BR in downtown San Jose for $2,500 vs. a luxury studio in San Mateo by the CalTrain station for $3,100. On one hand San Mateo is closer to SF, which is exciting to me, but on the other it seems even more boring than San Jose and I hate spending money since I still owe over 120K in student loans. Not sure if a difference of 7.2K per year is meaningful... Please, comment.

TC is 200 base 10% bonus and some lottery tickets (oprions) which are supposed to be in the 150+ range, but who knows.

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TOP 25 Comments
  • Apple Jamaica
    Save money, pay off your loan. Thank me later
    Oct 30 0
  • Intel / Sales Bob Swanny
    It only makes sense to do San Mateo if you plan on going into San Fran regularly...

    When I first moved to the bay, I worked in San Jose and lived in Burlingame (15min Caltrain to SF).... I spent a lot of weekends & happy hours in SF, which allowed me to make a lot of friends in the north... most people you meet in SF are going to live in Oak/Berkeley/Peninsula and some San Jose folks.... I wouldn’t be motivated to do the long drive into SF for happy hour if I lived in San Jose, I would have definitely moved out of the bay.... it was worth it has a single guy!!!
    Oct 30 3
    • Bloomberg F.U. Money
      OP
      That’s exactly how I feel... just have to decide if going on SF adventures is worth to me 14K of pre-tax money per year.
      Oct 30
    • Intel / Sales Bob Swanny
      There are plenty of finance folks in SF, better network for you... considering you work at Bloomberg..... Also, you should work on paying off the loans... try getting a cheaper place to live.... drop a luxury spot for a basic apartment in a smaller building..... I lived a 1bedroom 4plex I found on Craigslist when I first moved out here.... there are plenty of them throughout the peninsula...
      Oct 30
    • Bloomberg F.U. Money
      OP
      I’m in tech and not at Bloomberg any more. Not interested in being in finance in the foreseeable future.

      I have been considering downgrading, but wanted to live in a luxury apartment my first year to help me enjoy the transition from possibly the greatest city on earth to a dubious little town in the land of few women...

      Also, I’m not willing to deal with shady landlords, only management companies, which can be shady too, I know. From my and my friends’ experience in NYC, not renting from a management company = arbitrary BS + going to small claims court to get your deposit back.
      Oct 30
  • Cisco
    🦙 Alpaca

    Cisco

    BIO
    I am the Alpaca. DM me if you want to cuddle.
    🦙 Alpacamore
    Bbg has an office at cali?
    Oct 30 2
    • Bloomberg F.U. Money
      OP
      They do, but I’m leaving Bloomberg.
      Oct 30
    • Cisco
      🦙 Alpaca

      Cisco

      BIO
      I am the Alpaca. DM me if you want to cuddle.
      🦙 Alpacamore
      Where u going 😿
      Oct 30
  • GoDaddy nd73jd
    San Mateo only makes sense if you love Japanese food, like "I'm down to eat it every day" level of like. If not, downtown Man Jose is the better bet
    Oct 30 1
    • Bloomberg F.U. Money
      OP
      Love sushi on that level but mercury, so no. Why is San Mateo full of Japanese spots?
      Oct 30
  • Taylor Farms azerty_
    These 6k are actually 10k gross. San mateo is also a lot farther
    Oct 30 1
    • Bloomberg F.U. Money
      OP
      Sorry, I mistyped earlier, but just fixed my original post. The difference is 7.2k post tax which is almost exactly 13K pre tax. I used http://smartasset.com/taxes/california-paycheck-calculator which is amazingly accurate. Tested with 200K base vs 187K base and the difference was $300 per paycheck or 7.2K per year.
      Oct 30
  • LinkedIn Uranus⛢
    Just live in Sunnyvale then. I don’t understand why you need to commute.
    Oct 30 1
    • Bloomberg F.U. Money
      OP
      Luxury apartments in Sunnyvale seem to run even more expensive than $3,100 especially they’re close to the CalTrain.
      Oct 30
  • If you are planning to take Caltrain anyway, just stay in San Jose, if you live in San Mateo, you can drive off to Daly City and take bart.
    Oct 30 1
    • Bloomberg F.U. Money
      OP
      Why BART from San Mateo vs. Caltrain? More stops in SF?
      Oct 30
  • Facebook public2
    If not SF, san mateo...by a mile.
    Oct 30 0
  • Washington Post zzz90
    6k per year toward student loans will help lower your interest. I would go for the cheaper place.
    Oct 30 0
  • Bloomberg F.U. Money
    OP
    Would it be worse driving from San Jose or from San Mateo?
    Oct 30 1
    • Micro Focus fukksleep
      I’ve driven from SJ to SF and back during weekdays and it was a nightmare. You’re looking at a 1.5-2 hour commute each way.
      Oct 30
  • Apple aabbcc0081
    Depends on how many times a week/month you plan to go to SF
    Oct 30 0
  • Fannie Mae / IT mdarkroom
    The cheaper, the better, include transportation costs though. Try going lower, or get roommates if possible as your loans are huge
    Oct 30 0
  • Salesforce ansibled
    Where do you work?
    Oct 30 0
  • Apple
    TWB-gold

    Apple

    BIO
    Software engineer
    TWB-goldmore
    Why not move to Sunnyvale?
    Oct 30 0
  • Citadel BrutеForce
    Prioritize paying out the loans. You can move later.
    Oct 30 0

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