“I didn’t become a software engineer to be trying to make ends meet,” said a Twitter employee in his early 40s who earns a base salary of $160,000. It is, he added, a “pretty bad” income for raising a family in the Bay Area.
“We make over $1m between us, but we can’t afford a house,” said a woman in her 50s who works in digital marketing for a major telecoms corporation, while her partner works as an engineer at a digital media company. “This is part of where the American dream is not working out here.”
Another tech worker feeling excluded from the real estate market was 41-year-old Michael, who works at a networking firm in Silicon Valley and last year earned $700,000. Sick of his 22-mile commute to work, which can sometimes take up to two and half hours, he explored buying a property nearer work. Although he said his salary means he can afford to live a decent life, he finds the cost of living, combined with the terrible commute, unpalatable.
https://www.theguardian.com/technology/ ... eling-poor
In 2015, according to SmartAsset.com, the cost of living there was "62.6% higher than the U.S. average." In 2016, the same site found that you'd need to make at least $216,129 a year to afford the rent on an average two-bedroom apartment.
The article recounts the frustrations of tech workers making between $100,000 and $700,000 a year and yet finding themselves rent-burdened, unable to save and commuting for hours each day. In one colorful example, an Apple employee lived until recently in a garage in Santa Cruz, using a bucket as a toilet.
http://www.cnbc.com/2017/03/03/facebook ... -help.html
THE RICH FIRST INVESTED IN SILICON VALLEY HOUSING NOW THEY'RE GETTING THEIR MONEY BACK MANYFOLD BY FORCING THEIR SLAVES TO BUY THEM
Modern slavery 101
PPPFFFTTTTAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHhahahahah