...I don't think so? Or at least, it's totally alien to me as someone who's spent ~6 years in SF tech.
1,200 $/mo is more than enough to get a room to yourself in the nice neighborhoods; admittedly, you'll need to put in the time on craigslist to find sublets, "interview" with potential roommates, etc. I can see if you're desperate to find a place in a hurry, an airBnB like this might make sense for a month, but more than that seems insane.
Getting scammed by false promises of equity riches is definitely a thing that happens to people, but it's far from the norm. Again, take a job like that if you need something right away, but spend your time hunting for something better, because the vast majority of programming jobs in SF are nothing like this.
> 1,200 $/mo is more than enough to get a room to yourself in the nice neighborhoods
One of the difficulties potential renters can run into, especially ones from out of town, is that no matter how nice the neighborhood is from a residential standpoint, it might be much less nice from a commuting standpoint (be it work or the coding bootcamp).
Whenever I try it, I find public transit within SF to be remarkably time-consuming, even to travel short distances. That means living outside the city can be both cheaper and result in a shorter (time, not distance) commute, which might seem counter-intuitive.
I know this isn't for everyone, but I'm just curious - what about cycling? Are the distances large or is it simply a congestion or street layout issue for driving and public transit?
Just to be clear, typically you will never own a home and you will be lucky to have an apartment to yourself. And you will likely be unemployable after 35 or 40 so you better get that mortgage quick and it better not be 30 years.
This site obviously has a survivor bias toward success stories. But of the 7 software people I know who are still in the bay area, only 1 still has work. The others live of the considerable income from renting their packed homes. In places like Alameda, Richmond, Oakland and Concord even. So the ratio of packed renters to home homeowners is obviously much higher than 1:1
And I think we can safely assume the housing cost to wage ratio will be even higher next.
I hear a lot of age discrimination/unemployable after 40 stories, but haven’t seen it in the wild.
I do see terrible coders who haven’t learned anything in 20 years and they have a tough go, but good coders in their 40s are readily employed from what I see. (Over 45 here.)
1,200 $/mo is more than enough to get a room to yourself in the nice neighborhoods; admittedly, you'll need to put in the time on craigslist to find sublets, "interview" with potential roommates, etc. I can see if you're desperate to find a place in a hurry, an airBnB like this might make sense for a month, but more than that seems insane.
Getting scammed by false promises of equity riches is definitely a thing that happens to people, but it's far from the norm. Again, take a job like that if you need something right away, but spend your time hunting for something better, because the vast majority of programming jobs in SF are nothing like this.