This.
I'm living in Boston, which admittedly also has a pretty terrible cost of living, although not yet quite NYC or SF. Somerville is trying really hard to catch up though.
It's hard enough here to be able to have space for a partner and/or kids, and maybe 100 sq ft of grass in a yard - but it's at least imaginable, and possible to have a semi-decent commute.
I don't know what Facebook or someone would have to pay me to move to SF and be able to imagine similar. $400-500k? Like, the concept of owning property in SF with any amount of space is mind boggling. Same with NYC. I don't want a 90-minute commute daily.
Priorities for me right now are:
- Space for at least a 1 car garage (in which to keep tools, projects, and a few motorcycles)
- At least 100 sq ft of grass/yard
- 3 bedrooms for myself, my partner, music and potentially family expansion
- A decent commute (under an hour, preferably 30 minutes or less)
- A decent kitchen and space to entertain a dozen or so friends for dinner
- A down payment that isn't going to be $200k
This isn't going to happen in SF or NYC. Maybe if I live in NJ or San Mateo?
I'll stay with my already-higher than this article mentions salary, and have some prospect of space and such.