E90Post
 


Extreme Power House
 
BMW 3-Series (E90 E92) Forum > BIMMERPOST Universal Forums > Off-Topic Discussions Board > SF bay area living questions



Reply
 
Thread Tools Search this Thread
      02-20-2018, 05:20 PM   #1
EALm4
Colonel
EALm4's Avatar
United_States
3247
Rep
2,003
Posts

Drives: SO 16' M4
Join Date: Sep 2015
Location: Baltimore

iTrader: (1)

SF bay area living questions

Bay area peeps, question(s).... what kind of salary should someone need to be making to live comfortably? I have no debt other than my car payment and living pretty comfortably right now with a respectable amount in savings. I may have a potential job offer for $130k and the wife will eventually start working in healthcare. But for the time being I'll be the sole provider since she'll just have to quit her job.

Just trying to make sure we're able to save some coin and be able to eat avocado toast once in a while

What are the good districts/neighborhoods to check out? We've been looking at Richmond, CA outside the city as well just not sure how the commute to downtown SF would be.
Appreciate 0
      02-20-2018, 05:26 PM   #2
vip
Major
vip's Avatar
United_States
113
Rep
1,132
Posts

Drives: 2016 M3
Join Date: Sep 2008
Location: Fremont, CA

iTrader: (1)

Between you and the wifey, I think anything over 250k combined is good to start with and your salaries will typically go up over time. All depends on what your future outlook is, where you want to buy down the road, etc.

Richmond, CA is not the best area to live in compared to other areas you could check out. The East Bay area is typically a great place outside of SF and a little bit more affordable compared to SF itself. Below are some good options, city wise.

Oakland - Lot of great new restaurants and hip scene outside of SF. Near the hils is nice as well, but you probably want to be close to BART so you can take the train to SF which is about 15 min train ride.

Fremont/Union City - Again, great place to live as its in the middle of the bay area, not the best for restaurants and nightlife, but good reasonable train ride to SF is about 45 mins.

Dublin/Pleasanton - The new happening place to live in east bay with some good nightlife and restaurant options.

You also have the Peninsula Bay Area, which has Palo Alto, Burlingame, Redwood City, but are very expensive.

I live in Fremont and used to take the BART to SF daily a few years back. Not bad if you can deal with 45 min train ride.

As for cost of living, its certainly expensive, but you will eventually have the dual income kicking in, just a matter of where you want to live. Check out zillow for rentals in the mean time.
__________________
sent from bimmerpost Android app
Appreciate 0
      02-20-2018, 05:28 PM   #3
KenB925
Private First Class
414
Rep
173
Posts

Drives: ZL1, Raptor
Join Date: Feb 2017
Location: Bay Area, CA

iTrader: (0)

Quote:
Originally Posted by EALm4 View Post
Bay area peeps, question(s).... what kind of salary should someone need to be making to live comfortably? I have no debt other than my car payment and living pretty comfortably right now with a respectable amount in savings. I may have a potential job offer for $130k and the wife will eventually start working in healthcare. But for the time being I'll be the sole provider since she'll just have to quit her job.

Just trying to make sure we're able to save some coin and be able to eat avocado toast once in a while

What are the good districts/neighborhoods to check out? We've been looking at Richmond, CA outside the city as well just not sure how the commute to downtown SF would be.
There must be a decent area of Richmond...but I have never seen it.

If you have to go into SF regularly, you will probably want BART to be an option. They are building like crazy in Dublin CA, lots of apartments and condos, and a new BART station (now there will be two).

Not sure if you have kids to consider or not, or if you are interested in being closer to the 'activity' of the city.

I live in San Ramon, which is just to the north of Dublin, very much the 'burbs.

As far as the dollars go, thats really up to where/how you want to live. Rent/buy apartment/condo/house.
Appreciate 1
EALm43247.00

      02-20-2018, 06:00 PM   #4
evoq007
First Lieutenant
30
Rep
339
Posts

Drives: 2011 M3
Join Date: Oct 2010
Location: Detroit, MI

iTrader: (5)

If you want to buy 130k will not be enough. 130k per year might be tight. I would budget 3500 for rent for you and your wife including utilities if you are looking in the east bay.
Appreciate 1
EALm43247.00

      02-20-2018, 06:03 PM   #5
jonshmoe
Private First Class
18
Rep
129
Posts

Drives: JZB E92 M3 6MT
Join Date: Dec 2010
Location: ATL Shawty

iTrader: (0)

shoot.. 130k in Atlanta you'll be doing well. It's always crazy to hear about the cost of living in SF/NYC
Appreciate 0
      02-20-2018, 06:13 PM   #6
KenB925
Private First Class
414
Rep
173
Posts

Drives: ZL1, Raptor
Join Date: Feb 2017
Location: Bay Area, CA

iTrader: (0)

Quote:
Originally Posted by jonshmoe View Post
shoot.. 130k in Atlanta you'll be doing well. It's always crazy to hear about the cost of living in SF/NYC
My wife just sent me an article that says you need an annual income of $303,000 if you want to buy a median priced home in SF, obviously that is in the city, but DAMN
Appreciate 1
eluded1032.50

      02-20-2018, 06:18 PM   #7
EALm4
Colonel
EALm4's Avatar
United_States
3247
Rep
2,003
Posts

Drives: SO 16' M4
Join Date: Sep 2015
Location: Baltimore

iTrader: (1)

Quote:
Originally Posted by KenB925 View Post
There must be a decent area of Richmond...but I have never seen it.

If you have to go into SF regularly, you will probably want BART to be an option. They are building like crazy in Dublin CA, lots of apartments and condos, and a new BART station (now there will be two).

Not sure if you have kids to consider or not, or if you are interested in being closer to the 'activity' of the city.

I live in San Ramon, which is just to the north of Dublin, very much the 'burbs.

As far as the dollars go, thats really up to where/how you want to live. Rent/buy apartment/condo/house.
Checking out San Ramon and Dublin right now. I'm perfectly fine with the burbs.

Quote:
Originally Posted by evoq007 View Post
If you want to buy 130k will not be enough. 130k per year might be tight. I would budget 3500 for rent for you and your wife including utilities if you are looking in the east bay.
That's pretty much what I've been seeing. So I think we set our budget at $3500 for renting. Ideally it'd be nice to rent a house but apts are cool too since we currently live in a condo.


Quote:
Originally Posted by jonshmoe View Post
shoot.. 130k in Atlanta you'll be doing well. It's always crazy to hear about the cost of living in SF/NYC
Bro tell me about it. I'm originally from GA. I've been looking to move back but I dont think quite yet.
Appreciate 0
      02-20-2018, 06:38 PM   #8
b4hand
Second Lieutenant
122
Rep
244
Posts

Drives: 2011 ZCP M3
Join Date: Jul 2017
Location: Orlando

iTrader: (2)

Don't do it.
Appreciate 0
      02-20-2018, 07:13 PM   #9
ASAP
Bavarian Motor Works
ASAP's Avatar
No_Country
2110
Rep
4,062
Posts

Drives: Walking Everywhere
Join Date: Sep 2012
Location: USA

iTrader: (0)

https://www.nerdwallet.com/cost-of-living-calculator
Appreciate 0
      02-20-2018, 08:12 PM   #10
MadDog
Careful, I Bite.....
MadDog's Avatar
United_States
102
Rep
507
Posts

Drives: 2006 325i
Join Date: Dec 2006
Location: S.F. Bay Area

iTrader: (0)

Garage List
2006 325i  [3.75]
Quote:
Originally Posted by EALm4 View Post
Bay area peeps, question(s).... what kind of salary should someone need to be making to live comfortably? I have no debt other than my car payment and living pretty comfortably right now with a respectable amount in savings. I may have a potential job offer for $130k and the wife will eventually start working in healthcare. But for the time being I'll be the sole provider since she'll just have to quit her job.

Just trying to make sure we're able to save some coin and be able to eat avocado toast once in a while

What are the good districts/neighborhoods to check out? We've been looking at Richmond, CA outside the city as well just not sure how the commute to downtown SF would be.

This house, in my neighborhood: Zillow just sold for $2.2M.


Let that sink in for a minute....
Appreciate 0
      02-20-2018, 08:20 PM   #11
EALm4
Colonel
EALm4's Avatar
United_States
3247
Rep
2,003
Posts

Drives: SO 16' M4
Join Date: Sep 2015
Location: Baltimore

iTrader: (1)

Quote:
Originally Posted by MadDog View Post
This house, in my neighborhood: Zillow just sold for $2.2M.


Let that sink in for a minute....
goddamn that is a nice house but man that's in silicon valley. No way in hell I can afford to live there.
Appreciate 0
      02-20-2018, 08:26 PM   #12
MadDog
Careful, I Bite.....
MadDog's Avatar
United_States
102
Rep
507
Posts

Drives: 2006 325i
Join Date: Dec 2006
Location: S.F. Bay Area

iTrader: (0)

Garage List
2006 325i  [3.75]
Quote:
Originally Posted by EALm4 View Post
goddamn that is a nice house but man that's in silicon valley. No way in hell I can afford to live there.
The owner was asking $1.79M. It sold for $410K over asking.
Appreciate 0
      02-20-2018, 08:26 PM   #13
infinitekidM2C
Brigadier General
infinitekidM2C's Avatar
United_States
731
Rep
4,237
Posts

Drives: don't own a car
Join Date: Nov 2007
Location: Orange County, CA

iTrader: (4)

Garage List
i assume this is a troll post...
__________________
Appreciate 0
      02-20-2018, 08:32 PM   #14
jonshmoe
Private First Class
18
Rep
129
Posts

Drives: JZB E92 M3 6MT
Join Date: Dec 2010
Location: ATL Shawty

iTrader: (0)

Quote:
Originally Posted by EALm4 View Post


Bro tell me about it. I'm originally from GA. I've been looking to move back but I dont think quite yet.
What industry are you in?
Appreciate 0
      02-20-2018, 09:08 PM   #15
EALm4
Colonel
EALm4's Avatar
United_States
3247
Rep
2,003
Posts

Drives: SO 16' M4
Join Date: Sep 2015
Location: Baltimore

iTrader: (1)

Quote:
Originally Posted by jonshmoe View Post
Quote:
Originally Posted by EALm4 View Post


Bro tell me about it. I'm originally from GA. I've been looking to move back but I dont think quite yet.
What industry are you in?
financial compliance / AML
Appreciate 0
      02-20-2018, 09:42 PM   #16
Mr Carrots
Major
713
Rep
1,025
Posts

Drives: BMW
Join Date: Dec 2016
Location: South

iTrader: (0)

https://www.neighborhoodscout.com/ca/richmond/crime

Do NOT live in Richmond, pay extra to live further away. My neighbor was a Richmond detective and his stories were awful, and it was even more violent and filthy than the shithole part of the east bay we lived in.

Having just left the east bay and a dev job in SV I wouldn't move back to that area unless I had a 200k family income preferably 250 and I could live in a bubble in the peninsula

Hayward, dirty, run down, moderately violent

San lorenzo, same

San leandro, becoming east oakland, nuff said

Non hipster/millionare parts of oakland, avoid

Union city/fremont, much better but facebook overspill has made the housing market insane

Dublin/Pleasanton/livmore - nice and safe

San ramon and walnut creek ditto

If you work in SF youll probably have to live in south SF or daley city on that income

Marin is beautiful but filled with assholes and an annoying commute from the parts you can afford (Novato area)

Last edited by Mr Carrots; 02-21-2018 at 12:12 AM.
Appreciate 2
EALm43247.00

      02-20-2018, 10:07 PM   #17
joooiiiiii
Private First Class
joooiiiiii's Avatar
Germany
107
Rep
121
Posts

Drives: 2018 BMW M3 ZCP
Join Date: Oct 2017
Location: Baden Wurttemburg

iTrader: (0)

Everyone is doing a mass exodus to Sacramento because of the rent. I hate commuting but if you can find a spot not too far from the BART--I would def try for that. I rather spend a bit more then waste my day commuting to/fro work. I did it before and it's ridiculous. If you can avoid moving to the Bay Area--I would recommend that first lol.
Appreciate 4
EALm43247.00
vip113.00
Germanauto1866.50

      02-20-2018, 11:24 PM   #18
nars3000
Major
United_States
457
Rep
1,299
Posts

Drives: 2017 M3 ZCP
Join Date: Oct 2013
Location: East Oakland, CA

iTrader: (16)

Quote:
Originally Posted by Mr Carrots View Post
https://www.neighborhoodscout.com/va/richmond/crime

Do NOT live in Richmond, pay extra to live further away. My neighbor was a Richmond detective and his stories were awful, and it was even more violent and filthy than the shithole part of the east bay we lived in.
That's Richmond, VA. Here's the link to Richmond, CA: https://www.neighborhoodscout.com/ca/richmond/crime

and here's one for San Jose, CA for comparison: https://www.neighborhoodscout.com/ca/san-jose/crime

There are certain parts of Richmond to avoid, and there are also parts where even a $300k combined income family won't be able to afford.

Those places to avoid are:
Central Richmond (the other side is next to El Cerrito which is $$$$)
North Richmond (Danger level high, hitman on duty)
South Richmond (Danger level high, sniper on duty)
Montalvin

Medium to Upper-mid income areas:
Country Club
Hilltop District
Marina Bay Condos/Townhomes
Point Richmond
Richmond Hills
San Pablo Dam Rd (beautiful area towards the lake)

Millionaires Club
Marina Bay

Your detective neighbor was telling you the truth. However, Richmond's homicide tendencies are more targeted/isolated, and primarily contained within the Iron Triangle area. Whereas (East) Oakland's tendency is random, meaning anyone can get caught in the line of fire. Either way, many parts of the East Bay, especially Richmond is not a good place for softies, or those who aren't accustomed to being in a predominantly urban environment. This goes the same for several parts of San Francisco like Bayview, Hunter's Point, Tenderloin, Sunnydale, 3rd St/Mission St.

Your assessments on the rest of the East Bay cities are spot on, but a bit inaccurate for Hayward. Hayward also has a millionaire's club and middle to upper-middle class neighborhoods located in the hills off of HWY 580. What you saw was most likely the industrial side of Hayward.

To OP, you're committing roughly 40-43% of your net income to housing expenses with a $3500 budget. Keep in mind that CA state income tax is higher than MD. I work in the tech sector, and I've seen many colleagues come and go who thought that throwing their money away with a $3500-$4000 monthly rent is the only way to live safe and comfortably in the Bay Area. Some of them have since moved back to their home state, because they simply couldn't keep up with the stupid cost of living that they got themselves into.

My advice is to keep your options OPEN, and really get to see the area if it piques your interest. If renting is the only option, then below are some of the more affordable areas to look into that isn't too far from the city:

Concord (1+ hour BART)
Brisbane (next door to SF)
Daly City/Colma (20-25 mins BART)
El Sobrante (go towards the hills, parallel to Richmond)
Pacifica (35-40 mins BART)
Pinole (45-50 mins via 80W then BART)
Pleasant Hill (same as Concord)
Richmond (but not in the danger zone)
San Bruno (35-40 mins BART)
San Mateo (50-55 mins via 101N then BART)
South San Francisco (30 mins BART)
West Oakland (25-30 mins BART)

Good luck, and I hope you find this information somewhat useful. FWIW, the previous owner of my property in Richmond is a Corporate Controller for a Fortune 500 company based in the SF Financial District. He, unfortunately had to move back to Hercules (two cities away) to help his parents with a family situation.
Appreciate 2
EALm43247.00

      02-21-2018, 12:09 AM   #19
Mr Carrots
Major
713
Rep
1,025
Posts

Drives: BMW
Join Date: Dec 2016
Location: South

iTrader: (0)

Phoneposting links got me, yeah wrong Richmond.

we almost bought in Hayward hills but bought in the 'beverly hills' of SL instead after our realtor lied to us, lmao what a horrible mistake. Hayward might be known as 'the fart of the bay' but it's twice as safe, statistically as SL

I'm a big guy so I wasn't overly worried about SL but my wife is tiny so I got 2 protection trained dogs to keep her safe. The one day she goes out without them she gets assaulted by one of the shitbag crackheads down off Bayfair. Luckily she was ok, but that was it for the east bay, we now live in a super safe part of a state where you can carry a gun.

When we left our delusional neighbors were seriously asking the HOA if it could do something to stop home invasions and constant robberies, a real shame as apparently SL used to be the kind of place you could leave your door open back in the 70s
Appreciate 0
      02-21-2018, 01:17 AM   #20
NemesisX
Captain
175
Rep
894
Posts

Drives: '08 335i
Join Date: Jul 2009
Location: TX

iTrader: (0)

$130,000 in SF is equal to $86,543 in Baltimore, MD in terms of purchasing power.
Appreciate 0
      02-21-2018, 01:20 AM   #21
NemesisX
Captain
175
Rep
894
Posts

Drives: '08 335i
Join Date: Jul 2009
Location: TX

iTrader: (0)

Quote:
Originally Posted by vip View Post
Between you and the wifey, I think anything over 250k combined is good to start with and your salaries will typically go up over time. All depends on what your future outlook is, where you want to buy down the road, etc.

Richmond, CA is not the best area to live in compared to other areas you could check out. The East Bay area is typically a great place outside of SF and a little bit more affordable compared to SF itself. Below are some good options, city wise.

Oakland - Lot of great new restaurants and hip scene outside of SF. Near the hils is nice as well, but you probably want to be close to BART so you can take the train to SF which is about 15 min train ride.

Fremont/Union City - Again, great place to live as its in the middle of the bay area, not the best for restaurants and nightlife, but good reasonable train ride to SF is about 45 mins.

Dublin/Pleasanton - The new happening place to live in east bay with some good nightlife and restaurant options.

You also have the Peninsula Bay Area, which has Palo Alto, Burlingame, Redwood City, but are very expensive.

I live in Fremont and used to take the BART to SF daily a few years back. Not bad if you can deal with 45 min train ride.

As for cost of living, its certainly expensive, but you will eventually have the dual income kicking in, just a matter of where you want to live. Check out zillow for rentals in the mean time.

$250k/year is top 2.5% in the U.S. and top 5% in the most expensive areas of California.
Appreciate 0
      02-21-2018, 01:24 AM   #22
nars3000
Major
United_States
457
Rep
1,299
Posts

Drives: 2017 M3 ZCP
Join Date: Oct 2013
Location: East Oakland, CA

iTrader: (16)

Quote:
Originally Posted by Mr Carrots View Post
When we left our delusional neighbors were seriously asking the HOA if it could do something to stop home invasions and constant robberies, a real shame as apparently SL used to be the kind of place you could leave your door open back in the 70s
I'm not sure if burglary is exclusive to San Leandro. I know it happens on the daily in San Jose, and I think it has more to do with the fact that burglary is now only being treated as a misdemeanor in California. I have two brothers each with $2 million houses in San Carlos and San Bruno hills -- both of their neighborhoods are constantly being targeted for burglary, more so in San Bruno, and yet they live in one of the safest and well to do communities in the Bay Area.

On the other hand, I accidentally left my garage opened in Richmond for about 2 hours this past weekend, and not a single item was taken. My garage is full of tools, Apex and 666M wheels, misc car parts, household supplies, 65" TV with surround sound, and a glaring Tesla Powerwall II battery unit that makes us stick out in the neighborhood. The door leading into the house wasn't even locked, but somehow I felt confident that no one would dare pull a heist on us, at least not in broad daylight. Then again, I don't live in the danger zone of Richmond.
Appreciate 0
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 02:58 PM.




e90post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST