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The savings would be great, but what happens when you want to change jobs, but not cities? I'd be a little weary of renting from my employer.

The median rent on a 1-bedroom in SF has increased from $2500 in 2010 to $3600 in 2016.

I don't accumulate as much stuff as some do, but I'd say $12k/year in extra discretionary cash (not just throughput to a landlord) is more than adequate compensation for the risk of a cross-town move.

Sounds like company towns all over again. VCs could open their own stores and sell food and only accept their own currency. And they can pay you in their own currency so you don't have any exchange rate costs. Oh, until you want to get out.

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