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What the fuck is wrong with Bay Area housing ?

Mar 13, 2021 920 Comments

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I feel so poor. I can’t ever buy a house with the salary I get. Where do people get so much money to bid this crazy?

TC: 180k 4 years work exp

What the fuck is wrong with Bay Area housing ?

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TOP 920 Comments

PayPal howsbout

According to some it’s slowing down in the Bay Area 😂😂😂

Mar 13, 2021 54 10
- Zayo / Finance sniJ80🍆
  
  Accenture you may be correct, but also the tech boom is not losing steam, it's broadening out, and the most motivated people are generally not leaving cities/growth hubs. I could really see it going either way.
  
  Also keep in mind many Bay area people will now just buy their second or third homes elsewhere, somewhere less soulless
  
  Mar 15, 2021 4
- Amazon exSDE3Hire
  
  The multi-city hiring has been happening for a while now. As a NY metro person who went to the bay for a while I can tell you top tier tech was not in NY a decade ago but it here in strong fashion past 5-8 years.
  
  Mar 16, 2021 2
Google DolbyV

This is what happens before a bubble pops lol

Mar 13, 2021 22 8
- T-Mobile / Eng Croaker
  
  And then he rode off into the sunset
  
  Mar 15, 2021 9
- Adobe (B)AdTech
  
  Thank god
  
  Mar 15, 2021 2
LinkedIn memeReddit

Let’s check how many highly paid professionals are there in the Bay Area using linkedin:

# of VPs: 279K
# of Directors: 677K
# Engineering Managers: 440K
# Staff Software Engineers: 151K
# Senior Software Engineers: 301K

A total of approximately 1,848,000 highly paid professionals making anywhere between ~$300K as a Senior Software Engineer to a few million dollars as a VP on an annual basis. You would need to add the millionaires the recent IPOs created as well! This is the competition! If you’re not making this much money, you’ll be outbid on every offer you make. I’m looking to move to Oregon or Texas and work remotely from there. Why would I pay +$1,000,000 for a mediocre home in the Bay Area if I can pay less than half of that for a nicer home elsewhere where the cost of living is even lower ..

Mar 15, 2021 59 12
- Zillow Group x4k3y1
  
  All senior engineers make 300k+ according to Blind and there there are 2m "engineers" making 300k+ when the bay has 7.75m people. Common sense validation must be hard.
  
  Mar 16, 2021 2
- Facebook / Creative ⛑
  
  I wonder if this has been a LinkedIn in-joke around boosting their numbers all over :)
  
  Mar 16, 2021 0
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You’re competing with:
- Household TC of 2M/year
- No kids

Mar 13, 2021 69 11
- Roblox / Other bloxydave
  
  What by40 of ZillowGroup said is accurate. Just look at TCs of new grads at recently public companies in the last couple of years 😉
  
  Mar 15, 2021 0
- NVIDIA Nmzj82
  
  2m is rare but you don't need that. 300k DINK (=600k), use the 3x "affordable" multiplier. Guess what, 1.8 is what shitty starters go for now.
  
  Mar 16, 2021 0
Speedway / Eng Hank Hill

Move to Texas and you can afford a 5500ft² house in a good neighborhood with good schools and have plenty left over.

If you're willing to take 4000ft² you can get a work of art instead of a McMansion on $180k.

Just don't vote left (including left Republicans).

Mar 16, 2021 13 19
- Speedway / Eng Hank Hill
  
  Look at this tankie whose username is the fucking Soviet flag ^
  
  Mar 18, 2021 2
- Mouser Electronics / Ops XdXR77
  
  Do you also believe forest fires were causes by space-laser shooting jews? They were caused by a human error and exacerbated due to climate change, which is caused by fossil fuel and animal agriculture industries which the right so badly want to defend because they bribe them. Stop being ignorant and learn how these industries are wrecking havoc on the whole planet in the long run.
  
  Mar 21, 2021 1