Sign up FAST! Login

What's the dark side of Silicon Valley? - Quora

Stashed in: Silicon Valley!, San Francisco!, Quora!, Homeless

To save this post, select a stash from drop-down menu or type in a new one:

Sure there are some bad people but overwhelmingly the darkest side of Silicon Valley is the cost of living:

It is amazingly difficult to start/have a family if you make "normal" salaries here (you know, only in the $100k range). The amount of wealth in the area has driven up home prices near the places where the jobs are to astronomical levels. I own a home in San Jose that I'm able to afford, in a neighborhood described by my Realtor as "a first time buyer's neighborhood", because both my wife and I work. She recently gave birth to our first child and we're preparing her to go into day care. It is going to cost me more in one year to put my baby in day care than I spent putting myself through 5 years of college. Having my wife not work, however, would put an extremely significant dent in our finances to where it would be very hard to pay bills on just my salary. We literally can not afford another child. Additionally, I have to establish my schedule based on commute traffic which typically has me out of the house well before 7 a.m. and many times back home by about 8 p.m. Leaving work at 5 p.m. simply doesn't make sense, because I would get home at the exact same time if I left at 7 p.m. I have the benefit of sometimes having flexible working locations. I can't imagine it for people who don't.

I concur that the cost of living is outrageous.

Financial Burden #4: Cost of living (mentioned by many)

Have you seen this? 

cost of living san francisco

(you can go to Trulia here to play around for yourself: Page on Trulia)

Regardless, these prices to me are out of this world.

Note the scale at the bottom... this is all prices per 1 bedroom.

It was always expensive in the Bay area but the last year has accelerated things because rent prices went from high to through the roof. Some people have told me their rents are up 30% from a year ago!

You May Also Like: