They're not affordable for FANG employees. According to levels.fyi an L5 at Google makes $349,163, of that they'll keep 60% after taxes so 209k. It sounds like a lot (and it is in comparison to people making less) but a 1bd apartment costs > $1 million almost anywhere near one of those jobs. You need to pay rent until you've saved $200k-$400k which will take 5-6yrs and then you buy a 1bed apartment and pay $7000-$9000 a month (apartment + hoa) (seen HOAs as much as $3k a month!).
AFAICT the only way they can do it is as a couple or down payments from family.
If you wonder why traffic is so bad, it's because the only places affordable are 90 minute commute
AFAICT the only way they can do it is as a couple or down payments from family.
If you wonder why traffic is so bad, it's because the only places affordable are 90 minute commute