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by Old_Thrashbarg·9y ago·view on hn ↗
I wonder what impact the Bay Area's cost of living and out of control housing prices had on this. I believe the tech scenes in other cities like LA, Seattle, NYC, Austin, etc have higher growth rates than the Bay Area.
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Huge impact. Housing costs put a floor on acceptable salaries. Even if you go way out to San Jose or beyond, the housing costs and resulting monthly mortgage makes pushes minimum salaries into mid-150s for the most meager of family accommodations. I haven't moved from NYC to SF/SV for that singular reason.