Reply to Would you move to San Fran area if offered a job that pays 50k more?

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[quote=Anonymous][quote=Anonymous]
Stop exaggerating.  Millions of people live in the Bay Area and they don’t all make.500k[/quote]

I am moving out of the bay area now. Most of my friends make less than 500k HHI. Many make less than we do. We cannot afford to buy here in a decent area. All of my friends bought when the market was much lower. Cupertino has like zero in common with SF, you are talking suburbs. Endless suburbs. Some have cute little downtowns (mine does) but it isn't like living in the city. I have friends who are trying desperately to renovate or add on, or even get a rotten deck removed and replaced, and it is very, very hard to find a contractor now. One of my friends wants to add a bathroom and redo her kitchen, and it will cost more than they paid for their house to begin with! The prices are so high now that the property taxes are significant on homes. When you have to pay 1.6 million then you are talking 11k per year in property taxes.

OP, it is very difficult to find rental houses if you are not here now. There is a housing shortage. If you have any pets, it is even more difficult. The rental market is very competitive (like the real estate market) and many places get listed and have 20-40 applicants within the first 24 hours.  Be sure to negotiate temporary housing and, if you can, a housing subsidy for the first two years. I have known people who were able to get those things. FOR SURE you want to the temporary housing. You will really have to be HERE to rent something, unless you are going with a giant apartment complex where you are renting sight unseen.  You also may think that you are going to get a great unit for the premium price you will pay - ha ha.  Maybe.  When we rented sight unseen, we had carpet that should have been replaced.

We gave notice on our apartment, and it was already taken before I even saw it get listed on their website as available. My neighbors moved to a new place a month ago, and the unit was turned over to a new family within 3 days.  Just for reference, we are in a safe area on the peninsula, pets are allowed, we have a one car garage and a parking spot, 2/2, and we were paying $3650/mo.  960 sq ft. There is no rent control in most towns (SF has some rent controlled units).  A several hundred dollar/mo increase each year is not surprising.

Just make a real plan for housing.  Housing is the hard part. This is a beautiful area and people are very nice, but traffic is horrendous. 
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