The big lie of Silicon Valley, and of tech-tinged libertarian fuckery more generally, is that individuals are both rational and all-knowing. That we are perfects agents of our own futures. It is, and always has been, a convenient dollop of sugary BS to grease the inequities.
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Replying to @sayrer
The difference between those numbers can be "I want to send my kid to a good school" (which is implicitly not possible because of structural inequality in their area). There's nothing wrong with that, per sae.
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Replying to @slightlylate @sayrer
There are no locations in the United States where you need 300k a year to send your kid to a good school, let alone 600k or a million.
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I live in Santa Clara and make around the lowest annual number above. It's tight, but glad to be out of rat race. I gave up on a super-zip house, which G/FB/etc. folks do buy in part to unlock public schools like the one I went to in Palo Alto 40 years ago when housing was cheap.
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If you buy a $2 million house, 300k - mortgage payments is probably bigger than my family's income. Unless the only good schools are in Atherton, this is an easy math problem to solve.
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Santa Clara houses are topping $2M for mixed-bag public schools, so you need to recalibrate. Palo Alto was considering a housing subsidy for household income < $250K. Atherton median house price ~$6M. This is a consequence of G/FB/other-bigs comp x growth vs. fixed house supply.
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I will confess to some skepticism about the need to be in "a good school" in a city where house prices average over a million. Especially since I went to an elementary school rated 1/10 on Zillow currently. Also, 133/137 current results on Zillow for Santa Clara are <2 million.
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Please read what I wrote (I wrote “topping”, which your Zillow query agrees with; also “median” was in response to your use of $2M for Atherton — way low). These numbers are all terribly high, it ain’t like it used to be when we were in school. I don’t blame “structure”, though.
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From Zillow, 6M looks like the minimum in Atherton. My point is just that unless that's the only place with good schools, homes are available that are affordable on 300k. That this is all crazy we both agree on.
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Worth noting that home values are declining somewhat throughout the Bay Area.
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