Just read a topic titled “How can I survive in the Bay Area?” on Quora, and the question is like this:
Both me and my husband work at top notch companies in bay area and make around 400k. Even with this kind of salary we are unable to buy a single family home in Cupertino. We want Cupertino because of good schools and shorter commute to our work. What should we do in addition to our regular job to be able to afford such expensive houses? Any suggestions on investments/ business etc ?
In short, this couple makes around 400k dollars a year and is unable to live a life like they want. They are wondering what they could do about that?
I’m not saying I agree with the top answer one hundred percent, but it somehow reflects the current situation of life in Silicon Valley. I won’t know whether we could survive that until I could get selected in H1B lottery next year. Actually, on second thought, this answer seems irrelevant with the city, no matter it is Silicon Valley, New York, or Beijing (where I live for now), it fits all big cities with similar problems somehow.
So here is the top answer for the topic. It’s a little long but very worth reading.
The brutal, complete answer: don’t procreate. Sure, you may be the smart, thoughtful sort of person that humanity absolutely needs in its gene pool, but Silicon Valley doesn’t want you in its gene pool: you don’t make enough to own a house in a top school district. It’s sending you a clear economic signal. So, you have two options.