If you’re a programmer considering a move to the Bay Area, you probably know at least two basic facts: 1) tech salaries are higher here than elsewhere, and 2) living here is really expensive. Both facts have been true for a long time, but they have become especially true in the past four years. Since 2012 home prices have risen by about 60% and rents by about 70% in both the San Francisco and San Jose metro areas. The absence of any apparent upper limit to these increases has given rise to a new journalistic subgenre, the Bay Area Housing Horror Story. Maybe you’ve heard about the cheapest house in San Francisco, a $350,000 “decomposing wooden shack” whose interior is “unlivable in its current condition”? Or the tent next to Google X that was renting for $895 a month? Or the guy on Reddit who calculated that it would be cheaper to commute daily to the Bay Area from Las Vegas by plane than to rent an apartment in San Francisco?
This is a companion discussion topic for the original entry at https://triplebyte.com/blog/does-it-make-sense-for-programmers-to-move-to-the-bay-area