I made the move to the Bay Area with a family in my 30s. It’s not perfect, but we’re saving dramatically more than we could anywhere else. I don’t know how long we’ll stay, but at this rate 5 years would be enough to set us up really well almost anywhere else in the US.
I wish I’d gotten into software sooner. If you come out here at 22, live with roommates and stay until you’re 30, you probably take anywhere from $400-700k in savings with you to then have a much easier life somewhere else.
That’s why people do it, especially when they’re young.
Also in terms of math, you need to know that the big companies here pay about 50% via salary and the rest via bonus and stock, so the salary numbers you see are only the “live day to day” money. The other half of your income comes in big checks every quarter or so, which makes it easy to shovel that straight into savings.
Private, quiet space is a visceral need for some people and a frivolous luxury for others. In my experience it's very difficult for the people in these two groups to understand each other. A craving for solitude is an expensive trait, but one I have no qualms about indulging: after spending all day in a giant open floorplan and then commuting on a crush-loaded train, if there were Craigslist strangers in my home I'd be in hell.
It's better than spending your life as a young adult working degrading jobs and starving. In the broad scheme of things, being a programmer is not so bad.
Living in San Francisco, working at a big 5 tech company really isn't that bad. Even the "worst" of the bunch on the work life balance scale, only do around 60 hours a week. Most of them just do the standard 40 hrs a week, though.
So it really isn't giving up your youth or anything. And many young people even enjoy the city of San Francisco. It is a big city. Lots of stuff for young people to do...
Living with roommates by choice isn’t that bad. Needing to live with roommates for financial reasons when one really would rather have a private space to come home to is hell.
I wish I’d gotten into software sooner. If you come out here at 22, live with roommates and stay until you’re 30, you probably take anywhere from $400-700k in savings with you to then have a much easier life somewhere else.
That’s why people do it, especially when they’re young.
Also in terms of math, you need to know that the big companies here pay about 50% via salary and the rest via bonus and stock, so the salary numbers you see are only the “live day to day” money. The other half of your income comes in big checks every quarter or so, which makes it easy to shovel that straight into savings.