7 ms·

I guess I don't see why options 2 or 3 are that bad, but either way, there isn't going to be a brain drain as long as the job market is good. New York, even at

by dev_jim 13y ago

I guess I don't see why options 2 or 3 are that bad, but either way, there isn't going to be a brain drain as long as the job market is good. New York, even at twice the expense (600k 1-BRs, sign me up!) doesn't have a problem with brain drain. Sure people leave every year, but more move in, as the quality of life in the city cannot be matched anywhere else.

lolwutf 13y ago
/me wonders how old you are.
jpatokal 13y ago
The problem with #2 is that a depressively expensive 1BR condo ceases to be a practical option once you have children.
- dev_jim 13y ago
  When you are ready to have kids then either your finances have probably improved and you can afford that 2BR or you move farther out to cheaper areas of the city / suburbs. Or be happy with a life without children as a lot of us are.
  - lolwutf 13y ago
    Well, according to this link, the average 2BR condo costs ~$900k. To put it bluntly, aint no way I'm gonna spend close to a million for a 2BR condo! That's even more depressing! So, this brings me back to the original predicament: when you get to nesting age (which normally runs concurrent, or closely precedes Having Kids Time), you're gonna start looking at your finances and looking at the local real estate market and many will need to make some very tough decisions - decisions that I, personally, don't see including San Francisco.
    - dev_jim 13y ago
      A $900k home is ~$3,600/month P+I after 20% down. Considering that principal is actually savings and you can deduct X% of the interest, you are looking at a true effective cost at under $2k + real estate taxes and maintenance. The carrying costs are easily doable by a couple in the tech industry, let alone the actual effective monthly costs. What's depressing about that? It sounds like you're brought up with a more traditional expectation of constitutes a house - 2.3 kids, picket fence, et. all. That's depressing.

by dev_jim 13y ago

lolwutf 13y ago

/me wonders how old you are.

jpatokal 13y ago

The problem with #2 is that a depressively expensive 1BR condo ceases to be a practical option once you have children.

dev_jim 13y ago
When you are ready to have kids then either your finances have probably improved and you can afford that 2BR or you move farther out to cheaper areas of the city / suburbs. Or be happy with a life without children as a lot of us are.
- lolwutf 13y ago
  Well, according to this link, the average 2BR condo costs ~$900k. To put it bluntly, aint no way I'm gonna spend close to a million for a 2BR condo! That's even more depressing! So, this brings me back to the original predicament: when you get to nesting age (which normally runs concurrent, or closely precedes Having Kids Time), you're gonna start looking at your finances and looking at the local real estate market and many will need to make some very tough decisions - decisions that I, personally, don't see including San Francisco.
  - dev_jim 13y ago
    A $900k home is ~$3,600/month P+I after 20% down. Considering that principal is actually savings and you can deduct X% of the interest, you are looking at a true effective cost at under $2k + real estate taxes and maintenance. The carrying costs are easily doable by a couple in the tech industry, let alone the actual effective monthly costs. What's depressing about that? It sounds like you're brought up with a more traditional expectation of constitutes a house - 2.3 kids, picket fence, et. all. That's depressing.