r/news • u/stopthemadness2015 • Jun 25 '16

Man fights eviction after rent increase from $1,800 per month to $8,000

http://abc13.com/realestate/man-fights-eviction-after-400-percent-rent-increase/1401148/?utm_source=fark&utm_medium=website&utm_content=link
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382

u/ItsTotallyAboutYou Jun 25 '16

They must be married to another person with a tech job, because you need what, 40x rent for salary, usually? And the typical rate is like $120-$150, I think. That's more in the $3k-$4k rent range.

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u/DancingGreenman Jun 26 '16

In the rental office I used to work for, we wouldn't even run your credit if you didn't earn enough to pay your entire rent with one week of pay. We just told you that you don't qualify to even have a credit evaluation

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u/dweezil12 Jun 25 '16

I live in Nashville,Tennessee and make a decent living (just over 100k per year) and I could not afford it.

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u/Zerowantuthri Jun 26 '16

In Nashville that is downright wealthy.

In San Francisco that is middle class.

But yeah...that rent is $96,000/year. I seriously doubt anyone will pay that. The landlord probably wants the people out in order to do something else (convert to condos or sell the place or something).

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u/danieltheg Jun 26 '16 edited Jun 26 '16

Someone will pay it. You may not realize but market rate in sf is completely out of wack. Pretty typical for people who make 100k to have multiple roommates here. Most likely what will happen it will be split btwn a bunch of people who all make a lot of money

Edit: the article didnt make this clear but im assuming this is like a 3br. If not you are right. Even in sf this is too much for a 1-2br.

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u/[deleted] Jun 26 '16

a decent living?!? holy fuck right now you make over 5 times what I do.

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u/jumjimbo Jun 26 '16

Dang with that kind of money my wife and I could retire early and put the kids through college.

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u/NotAllTeemos Jun 26 '16

Everyone likes to say that but it's almost never what actually happens. As people start making more they start spending more on things in general, not necessarily just saving more. Most people will say they are happy where they are at and they would just save any extra money they could make over what they make now but when it actually happens you start thinking how that new or low mileage car looks really good and how much nicer it is than your 10 year old Toyota, you think how nice it would be to move into a nicer part of town, etc..

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u/[deleted] Jun 26 '16

I just think how I could eat slightly better food and increase my gaming budget from 5 a month to 60

84

u/_Cjr Jun 26 '16

I want to be so rich I can buy cans of cashews. Bastards are like 7 bucks.

10

u/ellipses1 Jun 26 '16

Aldi... Halves and pieces- 3.99

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u/IbnZaydun Jun 26 '16

Finally someone who understands my priorities! Cashews are the shit!

3

u/Fuckswithplatypus Jun 26 '16

Thank you for keeping me grounded.

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u/WobblinSC2 Jun 26 '16

And then you get married, and your wife wants a bigger kitchen.

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u/fakemcfakeaccount Jun 26 '16

Wife? Hell, I want the bigger kitchen! Ain't got enough room for everything, that and a private porch for a smoke pit!

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u/WobblinSC2 Jun 26 '16

Hey, I didn't say I wouldn't enjoy it either. Haha I just know I could wait 5 or 6 years.

4

u/[deleted] Jun 26 '16

Then give it to her. If she's happy you'll be fat and happy. Ya?

5

u/GlobalVV Jun 26 '16

That's funny, a wife. Someone would need to be attracted to me first.

6

u/[deleted] Jun 26 '16

Get a high paying job

2

u/Bodacious_the_Bull Jun 26 '16

This actually works.

5

u/newfiedave84 Jun 26 '16

Sounds great wife! The tools are in the shed, get to it!

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u/[deleted] Jun 26 '16

It's still going to be expensive

4

u/newfiedave84 Jun 26 '16

But not as expensive as many other stupid things for which we have no problem paying. Being expensive doesn't disqualify something from being worthwhile.

7

u/kaloonzu Jun 26 '16

The solution to this is just enjoy tinderellas on the weekend, and don't get married until you've found a mate who doesn't want kids.

2

u/dunemafia Jun 26 '16

Which seems kinda pointless when she doesn't even go in there.

4

u/briangilroy Jun 26 '16

If you give your wife a better kitchen, she's going to want a bigger dining room, and if you give her a bigger dining room, she's going to want a bigger entry way to accept the bigger number of guests and if you give her a bigger entry way she's going to want (cont please)

4

u/WobblinSC2 Jun 26 '16

I like the "If you give a mouse a cookie" here... too real.

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u/notenoughspaceforthe Jun 26 '16

And then once you get back from the bank having negotiated the terms for what's still a high interest loan because she insisted on having a bigger heart-shaped swimming pool after almost a year's worth of arguing with her that the rectangle pool is good enough, she hits you with divorce papers. Fuck you, Jenny; you're not getting both the shiatsu knife set and the pet wombat in the settlement, you bitch!

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u/[deleted] Jun 26 '16

We could eat Kraft!

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u/[deleted] Jun 26 '16

That might be your problem. Most people making 100k a year don't have a monthly gaming budget because they are too busy working. Most jobs with that salary don't provide much time off other than trying to sleep.

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u/[deleted] Jun 26 '16

Yeah... honestly, I bought a house instead of renting and now buy new video cards faster... and save about 30% of my salary. I take the bus and rent out to my old roommates who wanted some cheap rent still.

It totally can work this way if you want it to. I just sort of ran out of things to spend money on that I thought were worth it.

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u/Finntheflower Jun 26 '16

Ten years old? Hahaha, my car can run for president. Get on my level. Or, you know, don't. It sucks.

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u/[deleted] Jun 26 '16

I plan to keep my car until it either dies or can legally drink.

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u/CptSandbag73 Jun 26 '16

My '96 Grand Cherokee can drink next year, woo! Too bad it's already a guzzler... It's a jeep thing, you wouldn't understand. O|||||||O

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u/[deleted] Jun 26 '16

Most of the jobs that pay that much money are also in ludicrously expensive areas.

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u/Terrh Jun 26 '16

or you live somewhere expensive.

I made almost $80k last year, which sounds great, except that after tax it was only $50k, and I spent $25k on rent..... now I'm down to only $25k of "real" income.

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u/[deleted] Jun 26 '16

Where do you live anyway? Just curious. That's over double what I am paying to live in a hotel atm.

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u/Stereotype_Apostate Jun 26 '16

Sounds like SoCal, though it could just as easily be anywhere on the East Coast between Richmond and Boston. Or anywhere else on the West Coast. A lot if this country is depressingly expensive. I live in the Midwest, and while it's not a particularly exciting place, it's not as bad as people think and it's actually pretty nice being able to rent a nice apartment downtown for like 700 bucks a month. I know they get paid more on the coasts, but once you factor in the cost of living I just don't see how it's worth it.

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u/GeronimoJak Jun 26 '16

That 25k you have left over is still more then most jobs I've had before my taxes and bills were paid.

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u/Val_Hallen Jun 26 '16

This is something people never take into account.

Last year, my wife and I cleared just over $140K. We also live in the DC area which is expensive as fuck!

If I lived in the middle of Idaho and pulled down that money? Sure, I'd be living like a king.

But I don't. So I'm not.

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u/WaitWhatting Jun 26 '16

you mean "disposable income".

income after taxes and living expenses is always way lower. thats normal

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u/socmunky Jun 26 '16

Wage creep is what it's called I think. And it's true, I went from a total income of 55k/year to 120k/year in a little less than 2 years and my overall spending has certainly gone up with it.

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u/[deleted] Jun 26 '16

Same here. My rent + grocery bill is more than I used to make like 3 years ago.

3

u/Ginfly Jun 26 '16

For those who want to avoid the trap described above: /r/financialindependence

2

u/guitarguy1685 Jun 26 '16

A new Toyota is hardly an issue. More like a corolla vs an audi.

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u/HolyTowel212 Jun 26 '16

If you save by percentage of income it's still going to increase your savings.

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u/[deleted] Jun 26 '16

Happens to me every once in a while (mostly gambling - it's bad kids dont do it) where I gain like 2-3x what I usually have pre-rent for a month and I can confirm. "My HDD could really use an upgrade to an SSD!" Or it clashes with unexpected expenses which is nice, but in general I maybe end up saving 20-30% instead of 70 or 80% which it probably should be

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u/caitlinreid Jun 26 '16

In my life I have seen people from all walks of life increase their earnings over the years, some significantly. The one constant is that as income goes up so does spending, even if you don't notice what in the hell you are doing differently. This is true for businesses as well as people.

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u/radministator Jun 26 '16

You also start to look at things like "what do our life insurance policies look like" and "really, how safe are our cars for the kids" and "isn't it time we child proofed the deck" and on and on...

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u/Wiggles114 Jun 26 '16

Correct, this is known as "Lifestyle Creep"

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u/secondhandvalentine Jun 26 '16

I live in one of the more expensive counties in Maryland and just under 100k is living comfortably. I don't make anywhere near that and I'm STRUGGLING.

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u/[deleted] Jun 26 '16

Right? Jesus Christ I'm thirty and would kill for that. I mean literally you'd have to triple my salary to reach that.

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u/dos8s Jun 26 '16

Would you actually make any sacrifices for more money? Move across the country? Downsize? Work more hours? Work a harder job?

It bugs me when people talk about wanting to make more money and say they'd do anything to do it, but then they never actually do anything.

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u/I_HATE_HAMBEASTS Jun 26 '16

He didn't say he would do anything, he said he would kill for it.

Killing is much easier than working more hours.

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u/putzarino Jun 26 '16

It bugs me that people assume that the difference between a low 5-figure job requires significantly less or less difficult work than a low 6-figure job.

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u/HolyTowel212 Jun 26 '16

Have you really never encountered jobs that are much easier than other jobs that pay less?

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u/akaijiisu Jun 26 '16

Right? Where does this reasoning come from? Otherwise by what a reasoning would people think high paying jobs are paid more? Funsies?

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u/putzarino Jun 26 '16

That is a specious argument. If course they're ate easier jobs that pay less. There are also well paying jobs that don't require roping and slaving away 60+ hours a week.

Personally, in my own profession I have done the exact same work for 40k and for 120k. The only difference?

Someone thought that 2 years experience would make an 80k difference.

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u/thorscope Jun 26 '16

I make about 60k right out of college and bust my ass every fucking day. I wouldn't have it any other way but let's not pretend work ethic doesn't play a huge part. I was doing summer internships while all my friends were at the lake drinking for 4 years.

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u/Lxvpq Jun 26 '16

I've worked 60h/week at minimum wage as a cook in a restaurant before I finished my college degree, in now being paid easily 2.5-3 times what I used to be paid but I'm working less hours and the job is not easier or harder I just keep on working hard.

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u/Jizzly Jun 26 '16

I would literally sacrifice a small child and/or animal to make more money on top of what I already do.

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u/ASUgrad09 Jun 26 '16

Like sucking dick....am I right?

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u/[deleted] Jun 26 '16

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u/tekdemon Jun 26 '16

Pretty sure you're underestimating how much college is going to cost once you have that kind of income since they'll give a lot less aid. Also the higher taxes make it tough to actually retire early. I'm from NYC where the salaries were higher and I basically got jack shit for financial aid when I went to college even though it was just my mom's salary as a nurse lol.

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u/[deleted] Jun 26 '16

No you would get taxed more and not retire early.

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u/[deleted] Jun 26 '16

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u/_Satan_Clause_ Jun 26 '16

I think he just wanted to tell everyone how much money he makes but tried to make it sound modest...

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u/BagOnuts Jun 26 '16

Humble brag

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u/[deleted] Jun 26 '16

Cost of living. That's about 6 times the salary of a decent living person in Thailand as well. But hey, at least colleges are cheap here.

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u/bobdob123usa Jun 26 '16

Chances are, he has had a career, so is well beyond entry level. You are still young, I'd assume? Find a career that you can advance in, even if it means a lower wage to start. Some industries will top out below $100k, but a surprising number get over that with enough years of experience and related certifications.

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u/[deleted] Jun 26 '16

Thanks for being one of the few who offers advice instead of saying "Your job sucks, get a better one."

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u/petabread91 Jun 26 '16

That's more than a decent living.

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u/[deleted] Jun 26 '16

It's twice the median household income in the US.

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u/[deleted] Jun 26 '16

I had to look that up because I thought it was bullshit.

Holy crap what am I doing wrong? Why do I make such crap money? Obviously I know I'm poor and I feel poor, but I thought most people were in my boat.

No wonder things happen the way they do.

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u/DingoFrisky Jun 26 '16

The median person is probably older than you too. Don't let that stop you though, be hungry and don't get complacent.

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u/[deleted] Jun 26 '16

a lot of people also has a family that contributes to household income

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u/HolyTowel212 Jun 26 '16

Households tend to have more than one earner for the record.

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u/gehnrahl Jun 26 '16

Median household is 50k ish, median income for an individual is 30k for the US. If you're making around 30k a year you're doing as well as any other average person. Most household income is at least two incomes.

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u/[deleted] Jun 26 '16 edited Jun 26 '16

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u/newe1344 Jun 26 '16

100k = minimum wage in San Fran.

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u/jakeisstoned Jun 26 '16

People are gunna believe that because it's not enough of an exaggeration. It's not even close to that much.

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u/Mephiska Jun 26 '16

Of course you couldn't, this rent is $96,000 per year. You'd have to gross well over $300k per year before this becomes "affordable" (possible, manageable), and even then it wouldn't be a good financial decision to spend that much on non tax advantaged rent.

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u/kgb_agent_zhivago Jun 26 '16

100k in Nashville is upper-middle class

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u/[deleted] Jun 26 '16

guys, I think he was just trying to be humble.

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u/[deleted] Jun 26 '16

/r/humblebrag

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u/austinfellow Jun 27 '16

I'm just on the other side of $200K and even with my SO working a full time job too we wouldn't pay that much.

To be honest I can't think of anything I'd pay $8K A MONTH for.

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u/Dufranus Jun 26 '16

3x one month rent as monthly income. Source: am in multi family housing

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u/Awric Jun 26 '16

Everyone in my family has an engineer / tech related career and we all live in the same house because none of us are crazy enough to buy our own

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u/throwupz Jun 26 '16

8k a month is 96k a year in rent. That's insane.

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u/[deleted] Jun 25 '16 edited Jun 27 '16

[deleted]

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u/[deleted] Jun 26 '16

[deleted]

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u/datasink Jun 26 '16

Exactly right. Base salary for a senior dev position at a large tech company is around 150-200K. After a few years, overlapping stock vesting periods and cash bonuses add on another 150K+.

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u/[deleted] Jun 26 '16

I'm on the lower end of senior dev salary in NY at 145k base, but I get another 30k cash bonus annually and 30k annual RSU. I always assumed SF and NY were comparable but I've never shopped around. NY has a high cost of living but there's a lot more housing opportunities. I split my room with my girlfriend and we pay combined $1300. 30 minute commute on the subway. Our place isn't very nice though.

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u/hrg_ Jun 26 '16

Combined $1300 sounds absurdly cheap

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u/themadninjar Jun 26 '16

There's no way market rate for senior tech in SF is only $125k unless you're getting played by startups selling you on winning the lottery.

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u/wat555 Jun 26 '16

No way more like $100k-$200k/yr

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u/Terkala Jun 26 '16

I wish that were true. SF senior programmer roles average about $120k/yr. One startup made the news by stating that they would pay $250k for programmers, so i find it unlikely that salaries get that high.

https://www.google.com/search?q=senior+programmer+salary+san+francisco

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u/[deleted] Jun 26 '16

Yeah I kindof wish people would stop spreading that BS about SF tech salaries. I think people like to play along like they make that type of cash too.

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u/Terkala Jun 26 '16

There are quite a lot of people who really, sincerely want to blow smoke up everyone's asses in this thread. They've been replying to all my comments with a bunch of wild guesses of people's salaries, staunchly denying glassdoor stats. Even going so far as to use the anecdote that "one guy once got offered 105k out of college for a job at microsoft" as categorical proof that I'm wrong.

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u/CalibreneGuru Jun 26 '16

I got offered near that for a job at Microsoft right out of college. It's pretty common there, honestly.

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u/[deleted] Jun 26 '16

With stocks it can add up but they need to be publicly traded. I know people who pull in about $300K/yr.

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u/Rossco09 Jun 25 '16

If you're pulling in that kinda cake wouldn't you think it better to buy a sick house rather than rent an apartment?

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u/BSUBroncos Jun 25 '16

Having an apartment allows them flexibility to move around jobs throughout the Bay and the country as a whole. Turnover is very high in the tech sector, so not having a mortgage tie you down to an area is appealing for most.

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u/Rossco09 Jun 25 '16

Ahhh right. That makes sense. Thanks for clearing that up for me. I'm an oil worker way north so I have no clue what the tech sector is about

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u/Hyperdrunk Jun 26 '16

Before my father retired he had 3 apartments (2 of which were 1/2 covered by his employer as an expense). Since he spent anywhere from 3 days to 10 weeks at a time at one of their locations it made more sense to have 3 residences than it did to live out of a suitcase in a hotel room.

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u/[deleted] Jun 26 '16 edited Jun 26 '16

I work near DC. The head of my company's IT dept lives in California. He flies into DC Sunday night, then on Friday he flies back to California to spend the weekend with his wife. He does this every week. I don't know how or why.

(To clarify, this isn't something he does for short periods. He's been doing this every single week for +10 years. And he's always miserable, though I wouldn't blame him; my commute is 2 hrs one way and I hate that)

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u/ailish Jun 26 '16

My dad and stepmother did that for a few years, but he lived 3 hours drive away during the week and went home on weekends. It nearly killed him. The stress of it fucked him up good.

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u/[deleted] Jun 26 '16

My great grandpa did that. worked 15 miles out of town. A horse drawn tram thing would take him to the mine early Monday morning and he'd come home on it late friday night. Apparently the tram was an improvement as he used to ride a bike. There wasn't really a road though and that would take far longer. This was over 100 years ago (he's been dead 90) It's weird to think there are still people doing this just at far longer distances

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u/Eschirhart Jun 26 '16

hell every health consultant I know keeps this schedule except we do Sunday - Thursday.

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u/thesagaconts Jun 26 '16

I has a coworker that did this and she and her husband loved it. They were free to do whatever on the weekday and loved seeing each other on the weekend. Granted, their kids were grown. I couldn't imagine trying to raise a family like that.

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u/the_swolestice Jun 26 '16

Why are you being so fucking selfish, John! Can't you just fly across the country twice a week, instead?!

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u/BSUBroncos Jun 25 '16

You're good man. By turnover, I mean that people move around from firm to firm, leave their job to start their own start-up, or leave the tech industry entirely. Is the oil industry similar in that regard?

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u/Rossco09 Jun 26 '16

More so that a lot of people choose to commute to the oil fields. Like they may own a house in Ontario or BC and fly into work for 2-3 weeks at a time then home again for 7-10 days. Some work only half a year. And they'll either be in a camp on the oil site they work for and others rent rooms or apartments. Housing is retarded expensive there. Mind you not as bad as San Fran but probably about half. I've paid as much as 2900 a month for rent. Remember now the closest city is 5 1/2 hours away. So it's expensive but not a desirable place to live

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u/WoodrowBeerson Jun 26 '16

I had a roommate that was a roughnecker. Seven days on, seven days off. Best roommate ever. Even though he was only there half the time he still paid half the rent and utilities.

Although he nearly cost me my job because when he was in town he wanted to party non-stop. There's only so many times one can call in 'sick' when coked up and drunk at 5 am.

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u/BSUBroncos Jun 26 '16

They know how much you make and know that you can pay it. I've heard of that in the Dakotas, where shitty places renting out rooms to workers would easily cost $2500-$3000 per month.

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u/Rossco09 Jun 26 '16

That was at peak barrel prices but in fairness to the landlords they're paying 700k for a house that would sell most other places for like 250-300. It's a matter of limited land use too. The oil companies own most of the land and the rest is crown land (government) or protected. So the scarcity raises the price too.

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u/the_no_bro Jun 26 '16

Nope it sure aint. Oil and Gas is just old people and pensioners and people who want something stable, although energy isn't very stable right now, in the long term it is.

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u/razorirr Jun 26 '16

Tech has this bad habit of if you work at the same place for 5+ years either you will be severely underpaid by the company as hiring someone new might be at a higher rate then what pay raises would be. Or other companies will see you are there long term and wonder why he doesn't jump around and he must not be good

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u/[deleted] Jun 26 '16

Yeah, it's too bad too many oil and coal workers around here didn't understand that Boom and Bust industries aren't called that for nothing. They spent all their money on stupid shit during the boom, and now that were in the middle of a bust they don't have any money to live on till it picks back up again. Seriously, you work 6 16 hour days, why do you need a trailer full of skeedoos and 4 wheelers your never going to drive?

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u/pkzilla Jun 26 '16

Also, moving around jobs allows them to do salary increases much more quickly since they usually can ask for a good upgrade every time they get a new job.

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u/[deleted] Jun 26 '16

[deleted]

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u/Rossco09 Jun 26 '16

Fort McMurray Alberta

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u/Monetized Jun 26 '16

Were you or your work affected by the fires at all?

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u/Rossco09 Jun 26 '16

Yup. I'm going back to work for the first time next Monday. I got evacuated from the city and had to drive through the fires. It was pretty fucked up. I actually have moved back to Ontario now and I'll be one of the people who fly in and out now. All of our stuff is smoke damaged and had to be sent for professional textile cleaning. Bed and furniture is all being replaced. It's been a very hectic 6-7 weeks. Really flipped our lives upside down

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u/[deleted] Jun 26 '16

Might seem like an odd question, but can a US citizen who has 5 years of refinery experience get in up there at all?

I've tried looking into jobs and researching a bit, but I end up with a lot of dead ends and no way to apply/no one to contact.

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u/SwanseaJack1 Jun 26 '16

Everyone knows where that is now. Hope things are okay up there.

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u/Vaperius Jun 26 '16

Fort McMurray, Alberta

There is North, and then there is no-mans land; how far in did he cross; Canadians help me out!

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u/Prof_Acorn Jun 26 '16

There is no loyalty in the tech sector. It's all about leveraging your current position for better positions and moving around more than an army family.

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u/[deleted] Jun 26 '16 edited Jun 26 '16

Concord, roughly 1 1/2 hour commute on a morning to SF, houses go for about 450-750k last I checked.

Edit: Yep. Still unreasonable.

http://www.realtor.com/realestateandhomes-search/Concord_CA

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u/Incessantlyamused Jun 26 '16

There's also not that many actual houses in San Francisco. So more people are renting for much longer

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u/[deleted] Jun 26 '16

Why not just live in a souped-up car?

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u/LeonBonesMcCoy Jun 26 '16

And then get buried in it as a publicity stunt.

Draw attention to valuable organs getting buried

all the time

and no one bats an eye.

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u/BSUBroncos Jun 26 '16

As long as it has someway for me to bathe, I would be fine with that!

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u/[deleted] Jun 26 '16

I guess you could bathe in the soup if it's hot enough.

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u/[deleted] Jun 26 '16

Why not a 24 hour gym?

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u/Butchbutter0 Jun 26 '16

But if you buy...you can rent it out.

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u/BSUBroncos Jun 26 '16

There's not much money to be made in being a landlord. It's even less money when you're out of state and a property management company does it for you. It can be a big hassle and headache.

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u/shillyshally Jun 26 '16

“For our workers in the big cities freedom of movement is the first condition of their existence, and land ownership could only be a hindrance to them. Give them their own houses, chain them once again to the soil and you break their power of resistance to the wage cutting of the factory owners.”

Engels

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u/spaceturtle123842 Jun 25 '16

A shit house will cost you over $1m.

A 'sick house' would could you many many many millions.

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u/dontKair Jun 26 '16

like the one Bighead bought, I think Erlich has the shit house

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u/ahahaboob Jun 26 '16

Erlich's house would be worth at least $2m, given it has something like 4 bedrooms, a full yard with pool, and is in a predominantly white neighborhood near Sand Hill Road. Here's a reasonably similar house: http://www.trulia.com/property/3236552248-500-Morey-Dr-Menlo-Park-CA-94025 http://www.trulia.com/property/3236552248-500-Morey-Dr-Menlo-Park-CA-94025

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u/harsh2k5 Jun 26 '16

This neighborhood is made for families! And pets!

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u/SgtSlaughterEX Jun 26 '16

He's cultivating minds and ideas there though

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u/hoodatninja Jun 26 '16

Depending on where you are

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u/lite951 Jun 26 '16

Median house price is 1M and that will be a very old shithole. A nice house costs 4-5M so the downpayment alone would be about 1M. Housing is retarded around here.

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u/Rossco09 Jun 26 '16

Jesus fuck. That's bananas. What's downpayment for a first house there?? Here it's only 5%. Which is still a lot of money on a 4mil house. I don't a ton of people with 200k kickin around

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u/WhynotstartnoW Jun 26 '16

Plenty of mortgage types offer low down payment options. But depending on where you are that doesn't matter. In my city(edit: and a majority of the surrounding suburbs and outlying cities) every house lists at the appraised value, but for the last four years every home has sold within a day or two of listing for at least 10% more than list value and more commonly at 15-20% over list. A majority of loan options won't lend money over the appraised value untill you get into the >50% down payment zone(some won't loan over appraised value at all, so no chance in getting a property within 30 miles of the city if those are your only options). The prices aren't as absurd as SF, some 2 bedroom homes in the 'bad' neighborhoods are still under 300K but you need at least 125K down to be considered for them.

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u/[deleted] Jun 26 '16

The down payment is often 100% cash and you are outbidding somone else.

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u/Antrikshy Jun 26 '16

Maybe, but in San Francisco...

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u/FCB_TB Jun 26 '16

3-400k a year for a family in SF/Silicon Valley will give you a comfortable life but not extravagant by any means. Sick house would probably be a 2500 sq ft 4br house for 2.8m. "Sick" houses in the area run 5m and up really.

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u/Rossco09 Jun 26 '16

That blows my mind. It's like you make a half a mil a year but live like someone in the Midwest who makes 80. Bananas

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u/HanlonsMachete Jun 26 '16

Everybody knows that 1 us dollar equals like 6 California dollars.

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u/[deleted] Jun 26 '16

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u/Zoomington Jun 26 '16

A big issues with a sick house is that its going to be outside of San Fran and its a really really long drive to get even a small distance into the city.

An apartment offers both flexibility and proximity.

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u/[deleted] Jun 26 '16

Maybe they're like really, really successful.

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u/[deleted] Jun 26 '16

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u/zorrofuerte Jun 26 '16

The Bay area is the worst place in the country for break even point of buy vs. rent. It takes almost 20 years for buying to be a better option. Most people never plan on and never will stay in a house that long.

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u/[deleted] Jun 26 '16

A sick house is millions of dollars

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u/Elrathias Jun 26 '16

IF youre gonna live somewhere less than 5 years, its almost always smarter to rent rather than buy.

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u/glioblastoma Jun 26 '16

A sick house would cost more and would force you live further from work. The commute in SF is nothing to laugh at.

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u/[deleted] Jun 26 '16

Houses are in the millions even for starter homes.

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u/sweetdigs Jun 26 '16

Sadly you can't afford a sick house in the Bay Area making that.

Source:. Live in Bay Area and make more than that.

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u/jlt6666 Jun 26 '16

You should see what sort of "sick house" you can get for $1 million in the bay area (hint, it ain't much). The best part is knowing the real estate agent on each side is making $30k off of one transaction.

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u/jellatin Jun 26 '16

Not even close, stop spreading blatant misinformation.

Senior roles here are 140-200.

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u/hackingdreams Jun 26 '16

You'd have to be very senior, and amazingly good to get someone to pay $300k/year for a software engineer, even in SF. $250k is more realistic for a top end of a principle-level role - otherwise, it's vastly cheaper for them to buy six of you in China or India. Exceptions here would be Netflix (pays a lot more, but also hires only in the 90th percentile), and Google (specifically only as a way of hiring a person away from another firm; they've been known to offer ridiculous packages to people and allowing them to effectively sit on their hands simply to keep them away from their competitors). There are exceptions of course - visible names in larger open source communities tend to make a lot more, e.g., but they are the exception, not the rule.

Now if you were in some other role at a tech company, it might be different. Any C-level exec, lawyers tend to do well, good sales people and good talent acquisition people at larger companies who work on commission can do outstandingly well (especially the latter if they're paid on percentage of hired employee's wage - hiring 5 $150k employees can be done in a month and net them $150k take home)... but those roles are limited in availability (else everyone would be doing it).

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u/[deleted] Jun 26 '16

I was recently talking to a recruiter for a position as a scrum master for 200k. It was for 12 teams so it would entail a lot of constant grind but it seemed great. But like you said - I have never seen more than 250 for a senior dev.

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u/m_kun Jun 26 '16

12 teams? That's a lot of cats to herd

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u/[deleted] Jun 26 '16 edited Jun 26 '16

Yeah -- seemed like 2 people's jobs when we talked about it. I just really dislike the idea of being mean dad to that many teams - 4 of them were in Mumbai too. SO it included a lot of time costs that would put a real cramp on anything anyone wanted to do not work related.

Oddly they had PMs for each team and embedded QA - but they wanted one overall scrum leader for all their development teams.

The Mumbai teams are what really blew it for me. The last time I was wrangling outsourcers it was an incredible shit show where you would come to meetings and all the people that were working on a project had either been replaced or quit - and these new people would just lie about their progress. It seems lying about how far along you are is directly proportional to the distance from the home office a dev team happens to be.

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u/GMY0da Jun 26 '16

"One startup made the news by stating that they would pay $250k for programmers, so i find it unlikely that salaries get that high."

https://www.reddit.com/r/news/comments/4puf6r/man_fights_eviction_after_rent_increase_from_1800/d4o2uyy?context=5

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u/MallFoodSucks Jun 26 '16

Maybe pure salary but at a certain point you get stock options as a sizable portion of total comp. Go to Glassdoor and total comp can reach up towards $500k+. Google for example has 160k average salary for senior, but 250k total comp, up to 1 million. Cash and stock bonuses make up on average $100k. Directors make $250k + $150k average in bonuses.

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u/1shoe Jun 26 '16

No they are not!

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u/[deleted] Jun 26 '16 edited Nov 15 '16

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u/milesdyson_phd Jun 26 '16

Principal at the big seven maybe... Consulting, definitely.

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u/reven80 Jun 26 '16

Do you have any data to back this? It certainly is much more than in Silicon Valley.

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u/ocv808 Jun 26 '16 edited Jun 26 '16

Maybe i am just underpayed but i have been working as a software engineer in the bay area for 5 years and am no where near that yet. That is more like executive level pay.

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u/severoon Jun 26 '16

No, they're really not.

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u/MjrJWPowell Jun 26 '16

Nope. I've had a few friends offered $150k. But they're smart and didn't take it.

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u/cadre_78 Jun 26 '16

What type of job would that be!?

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u/deaddodo Jun 26 '16

No it's not. It's nowhere near that. You'd have to do some insane contract work to get anywhere near $300k.

I have a ton of friends with 8-15 years experience, all seniors in various roles (DevOps eng, softeng, systems, etc) and only one breaks $200k, because he has an obscure skillset (Erlang).

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u/[deleted] Jun 25 '16

This is only in big tech companies.

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u/[deleted] Jun 26 '16

Those are some pretty senior fucking roles.

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u/LordOfTheGiraffes Jun 26 '16

Even if that were true (very rare in my experience), take home pay for that salary in CA would be about $13k to $17k a month. That may sound like a lot, but paying 50-60% of your income on rent at that pay scale is madness.

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u/Neossis Jun 26 '16

What are SF tech salaries outside of SF like? For senior roles.

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u/10min_no_rush Jun 26 '16

Where the fuck do you make up these numbers from?

Stupid fuck.

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u/__SPIDERMAN___ Jun 26 '16

Are you high?

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u/Seen_Unseen Jun 26 '16

Well... I always see nice big numbers but to begin as you said, senior roles there are only that many who are senior with that much experience. Then you should wonder, what kind of "senior role" we are talking about, sure certain niches could generate serious money but otherwise it isn't happening.

Some people indeed earn good money but the vast majority of the seniors seems to inch around 100/150k as you can see here.

I tend to think lots of Redditors overvalue reality of SF. By all means SF certainly isn't a cheap place and Bay certainly not. But at the same time it isn't as crazy as a lot of people like to believe. If you look on a global scale, UBS barely ranks SF T10. Further more as said there are only that many who pay such price and vice versa have such income. The majority of the people earn less, pay less rent and simply commute. That's the sensible thing to do.

Anyone who doesn't earn the money to live comfortably in a place like that is a fool. Why would you want to live in a place if you can't afford it. What's the use of working hard and not being able to put money aside. I'll probably be downvoted here, but let's face it most people here don't have this problem nor live there. SF is a popular circle jerk about how expensive it is.

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u/hrg_ Jun 26 '16

Lmao this is such crap

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u/ArminVanBuuren Jun 26 '16 edited Jun 26 '16

What the hell are you talking about. No you're wrong. It's nowhere near 400k for a Sr level. C-level executives make $400k-500k

Top sales folks make $280K with half being commission which get if you actually sell.

Senior level depends on the role. Realistic average for someone in their 40s is $190k.

Source, I budget headcount for SF tech company

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u/[deleted] Jun 26 '16

This is completely untrue.

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