[rmk]

While the problems I have mentioned are big ones, the day to day is generally quite pleasant. Also, if hybrid work takes hold, then owning housing may be less of a pipe dream provided you are okay with long commutes.

People deal with the isolation by taking up hobbies and joining affinity groups that are associated with them. For this there is a lot of opportunity.

I should also point out that high salaries will be eaten up completely by the sky high costs of everything in the Bay Area. It’s only equity windfalls, if properly invested, that will truly get you into a good place financially. A lot of people decide that a few years of this will net them enough money to attain their goals someplace cheaper (the Sun Belt, for instance), so they jump into the rat race with the understanding that it is finite and transient.

[joconde]

> I should also point out that high salaries will be eaten up completely by the sky high costs of everything in the Bay Area.

Interesting. Can you define "eaten up"? With my west-European salary, I can save around 1k/month. Since junior SWEs in California can apparently make 100 to 150k, I imagine that an "eaten-up" 300k would still let me save much, much more than in Europe. Is that unrealistic?

[rmk]

300k will last if you are a dual income couple with no kids and you don’t live extravagantly. Here’s a breakdown

105000 in taxes. 36000 towards maxing out your retirement accounts. 9000 in other investments and savings per year. 55000 - 60000 per year for renting a house with a yard in a good location. 5000 - one small vacation per year. 12000 - grocery and food expenses. 2500 - Insurance for two high end cars. 4000 - Gas for two cars plus maintenance expenses. 1800 - Internet and cellphone per year. 600 - Streaming for a couple of services per year. 3000 - Health Insurance out of pocket expenses per year. 5000 - other entertainment expenses such as gifts for friends, fine dining, concerts etc. 4000 - Home goods, utilities per year.

You have spent 243000 roughly so far.

If you have children 25000 per year per child for childcare for young children or 12-13000 per year per child for after school care and summer camps per kid If you send children to private school, 20000 per year per child. Miscellaneous expenses for children: 2000 per year per child.

If you have one child and don’t send him to public school, you are out an additional 35000 for 278000. If you send him to public school you are out 258000.

If you have two children and don’t send them to public school you are now out an additional 70000 for 313000. If you send both to public school you are out 273000.

[joconde]

Very informative, thank you.