Where to live close to FB?

New trmind
May 6 25 Comments

Joining FB in Menlo Park in a few months.

My goal is very early retirement so I’m cheap as fuck and I don’t want to spend a lot on rent.

My only requirements are the ability to bike to work (within 5 miles or less, I hate driving) and a stand alone apartment, since I have a gf and she comes over a lot.

I lived in many cities and very ghetto areas so I’m not scared of living in something less than optimal. Studio or 1bd are both fine. I don’t need a large apartment since I’m usually either at work, at the gym or outdoor on weekends.

Can I find something for 2500 or is too low?

TC: 450k
Net worth: 1.4M

Above numbers are to avoid obvious Blind questions. Again, don’t judge my frugality, my early retirement goal is more important than everything else, so I need to be able to stash away 250k+ a year in savings.

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TOP 25 Comments
  • LinkedIn L!nkedOut
    East Palo Alto is the ghetto you are looking for
    May 6 1
  • RV at fb Parking lot?
    May 6 1
    • New trmind
      OP
      That’s too much, I don’t want to be overly weirdo. I can afford an apartment, I just want the cheapest one I can get.
      May 6
  • Google əๅɓoo⅁
    You should be able to rent a studio in East PA or Menlo Park for around 2K. It used to be a ghetto, but has gentrified somewhat.
    May 6 1
    • New trmind
      OP
      That’s awesome info. Thanks a lot.
      May 6
  • Comcast ichiban
    Impressive net worth with that yoe
    May 6 3
    • New trmind
      OP
      I’m very frugal and I got a mini 800k long term capital gain windfall from an earlier startup. Thanks.

      I feel I could have done better but was stuck in H1B for a long time so I was just more recently able to take more risks. Few years of career growth down the toilet due to GC!
      May 6
    • Comcast ichiban
      You could have done worse. My NW is 1/3rd yours, and going to be stuck in h1b hell for 3 more decades. Be happy with your accomplishments, grass is always greener elsewhere :)
      May 6
    • New trmind
      OP
      Yeah H1B is terrible. I feel for you, even if I was able to get rid of it after 4 years.
      May 6
  • New VFcO68
    What is the point of saving all to live in a shitty place?
    May 6 3
    • New trmind
      OP
      I grew up dirt poor, like you cannot even imagine how poor. So what most people call shitty place for me is really comfortable and enough. And if I get to 3-4M by my mid 30s I’ll get out and retire forever in a Mediterranean country
      May 6
    • Wells Fargo qUyB01
      Makes sense. If u don’t mind where are u from?
      May 6
    • New trmind
      OP
      Rural Portugal
      May 6
  • New jwnI43
    Yoe?
    May 6 1
  • Facebook public2
    EPA is your best shot but not that close. Might be easier to increase your earnings than worry about trying to save 10k extra a year though tbh.
    May 6 4
    • New trmind
      OP
      Knowing myself, if I make an additional 10k I will save every single penny without increasing my expenses. First financial freedom, then I will reevaluate and possibly expand expenses.
      May 6
    • Facebook public2
      Aren't you already? 1.4m is 4,666 in income which covers your rent and I presume your other living expenses are dirt cheap. I admire the hustle and focus but you are already there, don't forget to live a little!
      May 6
    • New trmind
      OP
      Since I’m still relatively young (31), I have my doubts that a 4% rule would work for the 60 years I still hopefully have to live. Especially if you count for inflation. 4% was tested on a 25y retirement.

      I could probably get more if I took more risky investments rather than investing in index funds like I do now, but I’m really not experienced with direct real estate ownership and have never been able to find passive real estate syndications that didn’t seem like a scam.

      So, the best I have is really the stock market, and I don’t think long term is going to have an irr of 7+%, needed the 4% rule. I’m currently planning to reach 3-4M before “relaxing” and considering leaving CA to more affordable places and maybe remote work or just chill with my gf.
      May 6
    • Facebook public2
      4% rule assumes 3% inflation. You will likely so earn some money along the way. 4% is conservatively based since 1925 and has increased since 1950.
      May 6
  • Wells Fargo qUyB01
    What’s your net worth goal for early retirement?
    May 6 1
    • New trmind
      OP
      I’d like to get to 3-4M and then gtfo California. If I get slightly lucky with market returns or TC, I should be there in mid 30s, about 5 years from now.
      May 6
  • New hqWe60
    i have a cardboard box for $600 a month
    May 8 0
  • Google 1234-/:;(
    You can try to rent a shack in east palo alto but not sure if there are apartments there
    May 7 0