Settle down in San Diego or rent in the bay

Apr 1, 2019 28 Comments

Household income of 340k TC in San Diego.

Decent new construction homes are 1.3MM here
https://www.redfin.com/CA/San-Diego/Sendero/Plan-2/home/147533783

Older smaller homes can be had for $800k with a short < 10 min commute.
https://www.redfin.com/CA/San-Diego/8814-Via-Andar-92122/home/4869945

Income has room to grow, both late starters. PhD and MBA.

Worth pursuing a switch to the bay? Would be switching to a PM/TPM role at google/Facebook. (Household TC would move to 450k-550k?)

Or have we already found our sweet spot of income / housing / effort / location / weather ???

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TOP 28 Comments
  • Jet.com JNHG66
    You’re already winning
    Apr 1, 2019 0
  • Microsoft / Eng
    temp_

    Microsoft Eng

    PRE
    Amazon
    temp_more
    Stay in San Diego. It's an awesome place to be. You have decent comp and if it grows, much better living in San Diego.
    Apr 1, 2019 0
  • Look at what 1.3M gets you in Menlo Park and Mt View now on Redfin. Then laugh. Even if you were willing to endure an hour commute from say San Jose 20-15miles away (you heard me right), 1.3M will get you an old, small SFH or a newer townhome in a not so great area (don't plan on sending kids to public schools here).

    To get something like that new construction in the Bay Area, you'd have to live somewhere like San Ramon (1.5-2 hours one way away from Mt View and Menlo Park). And you'd pay more like $1.7M+. Your commute from the new construction to Illumina is like 15min for 9 miles.

    I've lived and worked in SD before. At your TC in SD, I would probably stay there. But if you are willing to suffer a few years for 150k more pre tax, or 90k post, go for it. Make that money for as long as you can stand the Bay then move back down to So Cal. Bay Area life is significantly worse either for singles or married couples IMO. I'd only think about moving if TC is in the upper range of your estimates (500k or more).
    Apr 1, 2019 1
    • Google notez
      Totally agree. Moved to Bay from SD. You can always go back with money.
      Apr 1, 2019
  • Nokia FXBj20
    Don’t forget to take Bay Area traffic into account too vs. where you are now/how that will impact your quality of life. Not sure how traffic is in SD.
    Apr 1, 2019 1
    • Illumina tech lead
      OP
      We have no traffic currently. As I understand it, it would be horrible in the bay :). We’d want to live as close as possible to work to potentially walk or bike (which may simply be unaffordable).
      Apr 1, 2019
  • LabCorp / IT
    [🗿]

    LabCorp IT

    PRE
    Amazon
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    San Diego is beautiful and better , however if you think about career opportunities to switch to FANG or any top companies in the future , then San Diego is not the right place.

    However San Diego is golden when it comes to traffic plus your comp looks decent..
    Apr 1, 2019 0
  • Intel g3forever
    San Diego is better lifestyle wise than the bay in every way imaginable. Especially if you can have a less than 10 minute commute and afford your mortgage.
    Apr 1, 2019 2
    • Yeah you could sort of live on an Intel salary. Almost.
      Apr 1, 2019
    • Intel g3forever
      2 intel salaries would be comfortable.
      But 340k is def comfortable
      Apr 1, 2019
  • Airbnb / Eng sawee
    You would be crazy to give up what you have in San Diego and move to the Bay Area. I would only do it as a very short term thing if you were going to make $1mil TC combined for a few years and save it.
    Apr 1, 2019 0
  • Microsoft
    🐙M🐙

    Microsoft

    BIO
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    🐙M🐙more
    “Hoping I can just find a sweet spot in SD and just hold onto long enough to retire early :).”

    I think you’ve found it
    Apr 1, 2019 0
  • Instacart Carrottr0n
    Traffic is pretty bad in the burbs to jobs (both houses you posted.) A hour and a half in a car both ways isn’t uncommon in SD.
    Apr 1, 2019 0
  • Equivalent housing in Menlo Park would be north of $2.5M . You do the math . Better off in SD
    Apr 1, 2019 2
    • LinkedIn zngN37
      It's more like $3.5M for a 3000 sqft new construction in Menlo Park
      Apr 1, 2019
    • True , I was thinking 1800-2000 sq ft
      Apr 1, 2019

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