Nah even with bay area costs Americans get paid much much more than elsewhere. I could easily double my salary by moving from the UK to San Francisco. House prices are maybe double too, but since they are only a part of your outgoings, overall you come out waaaay ahead.
Of course then I would have to send my kids to schools with metal detectors and school shooting drills... It's not all about the money.
The employer es basically subsidizing the mortgage, incentivizing workers to move to the most expensive location, which make these locations even more expensive.
Of course then I would have to send my kids to schools with metal detectors and school shooting drills... It's not all about the money.