Okay though, if you joined Big Co now and made $400k/yr, you'd be taking home $260k post-tax. Anyone can live even in the bay area on half of that, extremely comfortably.
In 2-3 years you'd have your $300-400k for a down payment - thats 30% of a $1.2mm house. 2-3 years to buy a median priced place. Thats not bad. Also, prices in say, Santa Clara CA have gone -5.5% YoY, and are forecasted by zillow to go another -8% in the next year.
It sucks for anyone who doesn't work at BigCo right now who isn't already wealthy from the previous work.
In 2-3 years you'd have your $300-400k for a down payment - thats 30% of a $1.2mm house. 2-3 years to buy a median priced place. Thats not bad. Also, prices in say, Santa Clara CA have gone -5.5% YoY, and are forecasted by zillow to go another -8% in the next year.
It sucks for anyone who doesn't work at BigCo right now who isn't already wealthy from the previous work.