Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:OP here. DINK, but kids might come soon. Job would be in Cupertino. If it makes a difference, we currently both work from home (in our late 20s).
A couple of DINKS in their late 20s making that much money and settling for ho hum Silver Spring? You guys can handle anything. Go for it!
Get on that rocket ship.
You are young, so go for it. Is the salary growth potential higher in the new job? That's also a factor.
Anonymous wrote:Anonymous wrote:
Stop exaggerating. Millions of people live in the Bay Area and they don’t all make.500k
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.
Anonymous wrote:Anonymous wrote:I tihnk PPs are confusing the property tax rate (artificially low because of Prop 13) with the actual amount you have to pay (high because of high property values).
Schools in CA are wildly underfunded -- most "good" public schools require parents to pony up $1,000 or more to pay for music, art and sports.
Oh for Pete's sake. Stop making things up.
Anonymous wrote:Anonymous wrote:
Stop exaggerating. Millions of people live in the Bay Area and they don’t all make.500k
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.
Anonymous wrote:I tihnk PPs are confusing the property tax rate (artificially low because of Prop 13) with the actual amount you have to pay (high because of high property values).
Schools in CA are wildly underfunded -- most "good" public schools require parents to pony up $1,000 or more to pay for music, art and sports.
Anonymous wrote:Anonymous wrote:
Stop exaggerating. Millions of people live in the Bay Area and they don’t all make.500k
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.
Anonymous wrote:
Stop exaggerating. Millions of people live in the Bay Area and they don’t all make.500k
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:OP here. It could be 70k jump relative to our current salary with bonus. I think we are leaning towards the move, but obviously downgrade lifestyle. I have lived in the Bay area before.
Do it, OP. Having a big home isn't everything. If you both work in tech, make the move and move up the ladder. Live in a place far more beautiful than DC. Go go go.
Having a big home has nothing to do with it. You wont enjoy the beauty.most people are on the road for hours a day, the COL is outrageous. A 50-70k bump is peanuts out there and will be a downgrade. No way in HELL will the OP get close to SF of shoes living in SS now on that income. If OP thinks 70k is a lot for a bump, shes not making the 500k+ it takes to live in SF. And the schools? Awful. Awful awful.
Stop exaggerating. Millions of people live in the Bay Area and they don’t all make.500k