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by all2well 1646 days ago
Are you not arguing that public sector employees in San Francisco should get a pay cut?
1 comments
rkk3 1646 days ago
Not really, all I did was question the OP scoffing that an 150k salary is not a lot of money. My mother is a public school teacher.
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kesselvon 1646 days ago
It's not a lot of money in San Francisco, where you're fighting with every tech company employee for housing
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rkk3 1645 days ago
Do you have a quantitive way of making the distinction of what "a lot" is? 150k is substantially more than the average SF household, and is about 83 percentile for individuals.

https://dqydj.com/income-by-city/

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bobthepanda 1643 days ago
Average home prices in SF is 1.3M, so a household of two teachers would give them a P/E ratio of 5. The P/E ratio for the average US home is 4.4.

Are teachers overpaid, or are people in SF underpaid relative to the value of a house?

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kesselvon 1636 days ago
a P/E ratio of 4.4 is nuts. The fact that we normalized that is wild. Same for committing 30% of net income to housing.
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