Don't rule out living in Oakland, especially around the Lake Merritt area. It's a nice downtown area (getting nicer), rent will be cheaper, and you can often get to downtown SF faster than from other parts of SF (like from the Richmond district).
What is the best way to live in the Bay Area[San Francisco] on 100k?
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Re: What is the best way to live in the Bay Area[San Francisco] on 100k?
#22Live with a bunch of people and split the rent so that you're paying as little as possible. Don't live outside your means, and SAVE SAVE SAVE.
Also, work hard, and LEARN LEARN LEARN. Your salary, if you are good and work very hard, will rise faster than you can imagine and if you live a frugal lifestyle, you will have a lot of money in 10 years.
Re: What is the best way to live in the Bay Area[San Francisco] on 100k?
#23Re: What is the best way to live in the Bay Area[San Francisco] on 100k?
#24try to find a roomate and split the rent!
its really expensive to live in san francisco!
I was living there two months, and the prices are not lower than 4k!
Re: What is the best way to live in the Bay Area[San Francisco] on 100k?
#25Don't rule out living in Oakland, especially around the Lake Merritt area. It's a nice downtown area (getting nicer), rent will be cheaper, and you can often get to downtown SF faster than from other parts of SF (like from the Richmond district).
Agreed, with one caveat: Lake Merritt is sleeeeeepy. If you're around 30 or have kids, it'd probably be your scene, but there are definitely better parts of Oakland for younger folks.
Re: What is the best way to live in the Bay Area[San Francisco] on 100k?
#26Earlier quoted context omitted.
Can you tell a bit more about this friend and his skillset/role? $1M is a lot of money to make.
Options trader at one of the highest performing west coast firms (I think). Bonuses make up most of that figure.
If your friend really does make 7 figures a year he is not helping the current housing crisis in SF by taking a rent-controlled apartment that someone with a lower income might have depended on.