And by new I mean, buying in recent years, not decades ago. |
OP, I used to live on the Peninsula. It's one of the more expensive places in the Bay Area.
What city will you be working in? Do you have kids? Put in perspective, 8 years ago, we made $350K there. This was 8 years ago when prices were much lower. |
Near Cupertino (not apple obviously). DW will try to work but her job is not portable so I'm not sure she can find work there, maybe have to transition into something TBD. Yes we have kids in middle school, so schools are important. What is a realistic salary I should aim for as a lead for a small technical team? How would places like Richmond, Walnut Creek work for a family? |
In non covid times you will spend all your free time commuting. |
+ 1. Plan for something small and old, a very, very long commute, or both. |
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Yeah the housing stock out there is old. Lots of 60s houses with minimal upgrades. And like I said there are very few later model townhomes like there are in the DC area so forget about your fantasy of a nice townhouse community in the commutable suburbs. |
In the private sector in DC your 150 would probably be 170 (well VA). In CA maybe 200-220? |
OP, think long and hard about this. This is what 1.1m gets you in Walnut Creek, which is probably a 90 minute commute from Cupertino. And this listing will probably get bid up from 1.1m.
https://www.realtor.com/realestateandhomes-detail/3091-Walnut-Blvd_Walnut-Creek_CA_94596_M13316-03337?view=qv |
Probably not that high in CA. There is a CA premium for salaries, but the %age increase is not that much unless your skillset is rare and in demand out there, not run of the mill technical managers. |
Not that high. Maybe 180-190 at the legacy companies. They don't pay very well. |
Unless op has a time machine that can go back a couple of decades, that information isn’t particularly useful. |
So going in with a salary of $250k will just shot down things? |
I would not do Richmond. Walnut Creek is fine, but super far. I don't know the company obviously, but generally, tech leads should pay about $200K+ outside of FAANG. I used to work for one of them years ago as a BSA Lead, and got paid about $170K. |
They probably wouldn’t even bother negotiating. People in DC grossly overestimate what Bay Area tech firms pay. I assume you have a technical background - you might be able to make that much here at a tech firm, but in the Bay Area there are tons of techy people willing to work for less. |