On: Employees at Airbnb, Square and Stripe Are Spending 50%+ of Income on SF Rent

[proksoup]

I am spending 50% of my after-tax income on rent. The 50% I have remaining is more in SF than what I was making in Phoenix or Little Rock or Lincoln.

The amount of choice in employer I have as an individual is also much greater here.

Still, I'll probably head back to one of those "small" towns soon. Not really worth it here for me personally, despite the employer-choice and the $.

[vessenes → proksoup]

Or, keep your salary and work remotely for an SF co. Best of both worlds! But, you'll have to do without the longboards if you don't move to a properly hip location.

[bduerst → proksoup]

That's the trick to rates.

Assuming that elsewhere you would do 30/30/40 % split on rent/savings/spend, then as long as you're making 40%+ more income (than elsewhere) you're okay to spend 50% on rent because you can save just as much or more.

[xenadu02 → proksoup]

I'm spending 25%. I have the whole house 3br/2ba, a garage, and a back yard. Unfortunately single-family homes in SF aren't rent controlled.

You only have to spend 50% if you want to live in a hipster/trendy area of SF.

[falsedan → xenadu02]

The cheap places in the Sunset disappeared a long time ago

[gokhan → xenadu02]

Can you give some examples for both trendy and not trendy areas?

[proksoup → xenadu02]

How much do you make? :(

(rhetorical, trying to imply you might make quite a bit more than me)

Now I feel bad for spending 50% of my income and still not living anywhere hip.

[rokhayakebe → proksoup]

Why is it not worth it?