Where is it easier to build a high net worth, Bay Area or Seattle?
On the one hand, Bay Area has a lot more opportunities and generally higher gross TC. On the other hand, Seattle has lower COL, no income tax, and no capital gains tax, while still having pretty good opportunities and TC. Anyone with any ideas?
Arkansas
A lot of that will decide on local real estate market and which grows more…that’s what will contribute to net wealth all else being equal…
I make bank out in Seattle. Pay $3k total (rent and utilities) for a 1200 sqft 2 bedroom 2 bath in a popular part of town. Dinner is gunna be like $20 without a drink or a starter. Groceries are about the same as anywhere else
You can’t never build your self worth
No capital gain tax at all?
Do you plan to have kids? Is your spouse working? TC or kindly GTFO
Join Pinterest (or abnb/snap/fb/goog/etc) Seattle to get both lol
Bay by several miles. Seattle was catching up until the recent tax mistakes.
You build net worth by joining pre-IPO and via real estate inflation. Bay Area wins hands down. My Bay Area properties are up 100% over the last 7-8 years. Seattle condo hasn’t budged
Come to san Diego 😄
How's market pay in SD? Assuming much lower than the Bay. Seriously thinking about working from there, the weather and chill lifestyle are super appealing
It's definitely less than bay area. Like base pay is around 15% less and you got other 2 things right. That's what is keeping people here instead of rushing to bay area or Seattle 😉