> But the avocado toast ain’t cheap either! Neither is your Soulcycle class
A soulcycle class is $35/pop. Even at one a day, on top of $4000/month for rent, and income tax, you're still left with roughly the amount a mid level engineer in a european city (excluding maybe London) makes pre-tax. No amount of Avocado toast, or whatever the sneaker fad changes that equation.
> However if you still buy the house in SF with that savings you tend to again lose all benefit.
That's no different to buying a house in London or Amsterdam say, except once you've dumped $1m into your "modest" home, you're still earning 2.5x what the person in London/Amsterdam is.
A soulcycle class is $35/pop. Even at one a day, on top of $4000/month for rent, and income tax, you're still left with roughly the amount a mid level engineer in a european city (excluding maybe London) makes pre-tax. No amount of Avocado toast, or whatever the sneaker fad changes that equation.
> However if you still buy the house in SF with that savings you tend to again lose all benefit.
That's no different to buying a house in London or Amsterdam say, except once you've dumped $1m into your "modest" home, you're still earning 2.5x what the person in London/Amsterdam is.