Rent in Sillicon Valley. How much is too much? Who still has roommates?
Everyone is complaining about how expensive rent is in Silicon Valley (not talking about San Francisco) and how you need a roommate or 2 to survive. I'm from a large city and currently pay $2300+ for a one bedroom. Expensive, I guess, but I like amenities. I dont make even close to some of the TCs posted on here, have student loans, and still save and have a fun travel-lust life. Are yall just banking every single penny and eating Ramen Noodles on a $100-200k plus salary for the future or are you driving sports cars or something and dropping stacks at the club? What am I missing? Signed, A privileged minority, non millennial Planning a move this winter. TC: 150k
Yes, after you spend all your money you don’t have any left. That doesn’t make you working class.
I strongly agree with that. Despite the high numbers we see for TC many if not most of us really are living a quality of life not much better than the blue collar workers a generation back who used to reside in the same houses we live in now. Except those houses were a lot newer back when those people first bought them. I strongly suspect that we may even be worse off considering that we have to carry much higher mortgage debts relative to our incomes which comes with a lot of stress. Also most of the young people I know in tech still live in not so nice apartments often with roommates, which seems not so different from the way a lot of working class youth live in most other cities. When you have two parents working to barely afford a fifty year old little shack, I don’t know what else to call that other than working class life.
Rent is about 40-50% of after-tax income for many. Newer mortgages are higher. They are lower for those who bought years ago at half of current prices or dropped huge down payments. You can live comfortably for that much if you focus on your needs and wants and not those of your friends and neighbors.
Damn these numbers are ridiculous, how y'all living in the bay?
TC is about $150k. I have a roommate and we live in a luxury complex with all the amenities and washer and dryer in-unit and such. 2 bed / 2 bath, ~1200sq ft. We pay $3200 combined so like $1600/ea. A 1-bedroom in the same complex goes for $2700+. So we’re saving over $1,000 / month each by living together vs having our own places.
1 bedroom in a desirable location is 5k+
Just live at facebook
My mortgage is less than that.