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by bankim 3446 days ago
I understand not everyone works in tech but it's not unusual for Bay Area couples to make $300k-$400k per year 6-8 years out of college working in tech.

Consider an example of new grad with CS major working in major software company. Currently new grads start at $120k total package (base + RSU/stock + bonus). After maxing out 401k, taxes, rent(with roomates), car payments etc., one can save $35k-$40k per year. So for a couple having worked for 5 years each could save $35k * 5 * 2 = $350k in total. Use $250k to make downpayment to buy $1.25M home making most of mortgage interest deduction. That's how myself and most of my Indian tech friends in Bay Area bought homes. Being lucky in an IPO also helps. Above calculation assumes no student or credit card debt.

2 comments

I'll never understand how this is not unusual. I make decent money and could offer my portion of the 300-400k total, but every girl I've dated out here is making < 40k/year.

Is there a TechMeetDoctor dating site I'm missing?

It's more like engineer meets engineer. Meetings are arranged by parents, matrimonial sites or friends.
Just don't get divorced. I've seen it happen, and the couple usually is forced to sell the house. Esp. hard if they have kids -- moving down to a 2br appt in a new school district.