Sure but do people want to actually want to live in those places? My wife and I both live in SF and we were able to buy a house which would be impossible now, but I don’t think we’ve ever cleared more then 250K max combined in actual salary. Now with only one of us working which could drop to zero at any moment it seems a move to cash out our equity in the house and move to Europe is a more feasible option than staying in the US
>Sure but do people want to actually want to live in those places?
I don't see why not. It's not like the Bay Area is particularly great culturally, culinarily or in most other ways. It's a giant suburb sandwiched between a medium sized city and a place that is only technically dense enough to be a city. There's plenty of mid-sized cities and suburbs in the US with reasonable costs of living.
Yeah I don’t know. I think there is a difference between places with reasonable costs of living but I don’t know if those are places where 1-2M is going to last 40yrs. I grew up in Astoria, OR with population of 10k and can say that at least compared to that place SF Bay Area is miles beyond culturally and culinarily. Even Portland seems rather lacking just in the sense that there really isn’t the amount of cultural diversity there as you can find here. I feel like if there is anything I am interested in getting into here there is almost always a club or group of people you can find here that are doing it which wasn’t always the case in other places I’ve lived. On the other hand, if you’re into things like hunting and similar recreational pursuits, the Bay Area doesn’t seem as good as other places where there aren’t as many hurdles to overcome and a lot of people are doing it as well.
I didn't mean you could retire with 1-2 million but simply you could take whatever job you wanted and not worry about major expenses. The person I was talking to mentioned kids a few times so I was talking more from that point. With kids, your free time shrinks dramatically as do your priorities. So hobbies and so on matter a lot less than good schools, stable environment, etc, etc.
In terms of diverse activities I've personally found east coast cities better and most have broader suburbs than the bay area (due to not being restricted by mountains) so it's easier to trade commute against price.
Most software engineers I know don't even leave the house much. What's the point of living here if you're just going to watch LoL streams all day in your bedroom?