It’s very easy to tell you don’t live in a HCOL area or have any real clue how the tech industry works (the real tech industry, not “I work in IT for a small business”).
Yeah man, tell me about it. I did my undergrad in Ohio so I know how cheap apartments there are. But here's the thing: I'm a software engineer, so if I want to make a career in tech, the best idea would be to stay in the bay. Any other city with a comparable tech scene is going to have a similar COL. Also, I started this job (my first job out of college) less than 6 months ago. I've just started moving from learning to actually doing stuff. Leaving a job so soon is considered VERY BAD in tech and will hurt me when I'm looking for work and listing references. The only reason I am here right now is so I can slap that role on my resume and get something better by the end of this year.
Also studios here are only $200 or so cheaper (from what I've seen), so that isn't helping much, I think.
Edit: The deposit is around $750 and moving would be another $200 (I only have bedroom furniture).
I will start by saying that 25% being the recommended amount a person should pay for housing is a bit subjective. When you make $100k per year 25% is kind of a lot of money. But, on the other side if your pay is higher what you have left after paying your 25% is also higher. So if you avoid lifestyle creep in the other areas of your life you certainly can spend more on your housing without hurting your ability to make it through the month.
If you truly are miserable at home and you are able to sock away that 2k every month even after the increase in cost of housing I don't see why not. Typically when people ask 'can I go about 25%' they would be sacrificing majorly in the other areas of their budget. So if you will still be able to live comfortably otherwise, then I don't see why you shouldn't.
I wish I could get a decent place for 25% of my net pay.....I'm paying about 38%, on the flip side I live very close to work and in a nicer part of town.....about the absolute best I could do would be around 27% if I lived in a worse area, further from work.
That was my thought also, but like the other person said, I don't want to feel like I'm throwing all that money down the drain too. I feel like most of my negative thoughts are super petty and other people are living through it, so why can't I? But I also get SO DAMN ANNOYED by her, I honestly feel like I'm just renting a room and not the whole apartment.
It might take a bit of effort, but another option is finding someone else to live with. Maybe someone you already know and have some idea about living habits? This would save you money and get you out of your current situation.
Im guessing you live in North SJ, I know how difficult it is to find any private apt for less than 2K. Tough call man, you are young and have a steady profession. I would say enjoy it especially if you plan to move. However, I would advise you to make a plan/timeline on your move to keep you on target. If you push it out your departure date, the less you can contribute to your savings.
If you wanna get frugal, move into a room in a Vietnamese household in ESSJ or in Fremont.
If getting that expensive place means you can't be putting aside substantial savings, you might as well just move now and not have to go through another year there.
If you really think you'll only be there another year, I'd say stay where you are and try and save as much as possible before moving home. Plus moving is a pain and also costs money.
Born and raised in SJ.
Glad I moved to Vegas. Crazy expensive.
I would stick it out, get your experience in, then apply for jobs elsewhere. Here in Vegas you could get a BRAND NEW huge 4 bedroom house fully furnished for that price per month.
https://www.valuepenguin.com/mortgages/best-cities-for-software-developers-2018
According to that, Denver, CO is one of the best cities for software developers right now. You can get a 1br for around $1200 (there's cheaper and more expensive options ofc) with an average salary of about 68k for an entry level position. Utilities are pretty cheap - about $30 a month for water/trash/sewage, maybe $70 for gas/electric, $50 a month for internet (on promotion or at the least for a reasonable speed). Your looking at maybe $1400 utilities included which is maybe 33% of your net.
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It’s very easy to tell you don’t live in a HCOL area or have any real clue how the tech industry works (the real tech industry, not “I work in IT for a small business”).
Yeah man, tell me about it. I did my undergrad in Ohio so I know how cheap apartments there are. But here's the thing: I'm a software engineer, so if I want to make a career in tech, the best idea would be to stay in the bay. Any other city with a comparable tech scene is going to have a similar COL. Also, I started this job (my first job out of college) less than 6 months ago. I've just started moving from learning to actually doing stuff. Leaving a job so soon is considered VERY BAD in tech and will hurt me when I'm looking for work and listing references. The only reason I am here right now is so I can slap that role on my resume and get something better by the end of this year. Also studios here are only $200 or so cheaper (from what I've seen), so that isn't helping much, I think. Edit: The deposit is around $750 and moving would be another $200 (I only have bedroom furniture).
> Leaving a job so soon is considered VERY BAD in tech No, not really. Moving around early and often is very common and not at all unexpected
I will start by saying that 25% being the recommended amount a person should pay for housing is a bit subjective. When you make $100k per year 25% is kind of a lot of money. But, on the other side if your pay is higher what you have left after paying your 25% is also higher. So if you avoid lifestyle creep in the other areas of your life you certainly can spend more on your housing without hurting your ability to make it through the month. If you truly are miserable at home and you are able to sock away that 2k every month even after the increase in cost of housing I don't see why not. Typically when people ask 'can I go about 25%' they would be sacrificing majorly in the other areas of their budget. So if you will still be able to live comfortably otherwise, then I don't see why you shouldn't.
I wish I could get a decent place for 25% of my net pay.....I'm paying about 38%, on the flip side I live very close to work and in a nicer part of town.....about the absolute best I could do would be around 27% if I lived in a worse area, further from work.
That was my thought also, but like the other person said, I don't want to feel like I'm throwing all that money down the drain too. I feel like most of my negative thoughts are super petty and other people are living through it, so why can't I? But I also get SO DAMN ANNOYED by her, I honestly feel like I'm just renting a room and not the whole apartment.
It might take a bit of effort, but another option is finding someone else to live with. Maybe someone you already know and have some idea about living habits? This would save you money and get you out of your current situation.
Im guessing you live in North SJ, I know how difficult it is to find any private apt for less than 2K. Tough call man, you are young and have a steady profession. I would say enjoy it especially if you plan to move. However, I would advise you to make a plan/timeline on your move to keep you on target. If you push it out your departure date, the less you can contribute to your savings. If you wanna get frugal, move into a room in a Vietnamese household in ESSJ or in Fremont.
If getting that expensive place means you can't be putting aside substantial savings, you might as well just move now and not have to go through another year there. If you really think you'll only be there another year, I'd say stay where you are and try and save as much as possible before moving home. Plus moving is a pain and also costs money.
Born and raised in SJ. Glad I moved to Vegas. Crazy expensive. I would stick it out, get your experience in, then apply for jobs elsewhere. Here in Vegas you could get a BRAND NEW huge 4 bedroom house fully furnished for that price per month.
https://www.valuepenguin.com/mortgages/best-cities-for-software-developers-2018 According to that, Denver, CO is one of the best cities for software developers right now. You can get a 1br for around $1200 (there's cheaper and more expensive options ofc) with an average salary of about 68k for an entry level position. Utilities are pretty cheap - about $30 a month for water/trash/sewage, maybe $70 for gas/electric, $50 a month for internet (on promotion or at the least for a reasonable speed). Your looking at maybe $1400 utilities included which is maybe 33% of your net.