Is 55k enough for a couple to live on in SF bay area?
#46
Re: Is 55k enough for a couple to live on in SF bay area?
No doubt. I was only responding to Samiam who reactivated the thread by making a sweeping generalization about rental terms apparently across the whole of the US.
#47
Forum Regular
Joined: Jul 2013
Location: California
Posts: 88
Re: Is 55k enough for a couple to live on in SF bay area?
I would go for it. This is an investment in your husband's career. Whilst you will have to live frugally to break even, you can do it.
Get creative in how you search accommodation if the college do not help. You can join next door.com once in the area. Our neighbours sometimes post guest houses and the like. You could airbnb it till you find a place.
We,have,never lived on that amount in the usa but I know people who do here in an expensive part of ca. A friend lives on 28 k here in LA as she transitions her career. She is in a tiny but lovely home for 1400 and she just lives frugally.
You can do anything if it not forever.
I would not run a car so live on public transport routes, don't eat out unless places like chipotles, pAnda express .
Just try and keep your accommodation to no more than 50 percent and you will be fine.
The following blogs are helpful for frugal living.
Mrmoneymustache
Frugalwoods
I think you will have an amazing experience so long as you expect a frugal lifestyle.
Get creative in how you search accommodation if the college do not help. You can join next door.com once in the area. Our neighbours sometimes post guest houses and the like. You could airbnb it till you find a place.
We,have,never lived on that amount in the usa but I know people who do here in an expensive part of ca. A friend lives on 28 k here in LA as she transitions her career. She is in a tiny but lovely home for 1400 and she just lives frugally.
You can do anything if it not forever.
I would not run a car so live on public transport routes, don't eat out unless places like chipotles, pAnda express .
Just try and keep your accommodation to no more than 50 percent and you will be fine.
The following blogs are helpful for frugal living.
Mrmoneymustache
Frugalwoods
I think you will have an amazing experience so long as you expect a frugal lifestyle.
#48
Forum Regular
Joined: Feb 2014
Posts: 41
Re: Is 55k enough for a couple to live on in SF bay area?
Sweeping maybe but I am a landlord and what I said I think you will find is accurate for any quality accommodation and especially in a high demand area like San Fran. Maybe in Podunk TX you can can move in a lot more cheaply, but me thinks not for respectable quality in San Fran.
#49
Re: Is 55k enough for a couple to live on in SF bay area?
Sweeping maybe but I am a landlord and what I said I think you will find is accurate for any quality accommodation and especially in a high demand area like San Fran. Maybe in Podunk TX you can can move in a lot more cheaply, but me thinks not for respectable quality in San Fran.
#50
Re: Is 55k enough for a couple to live on in SF bay area?
I've been in this area for 30 years now, and in the same house for 20 years - my mortgage for a 4-bedroom house is less than the current rent on a studio. Could I survive on 55K? I'd prefer not to have to find out but could probably manage it.
I personally think Stanford/Palo Alto is the best possible place to be in the US, for so many reasons, so if you can make it work, go for it. Housing is going to be the make/break factor.
What field are you two guys in? If you are in the tech field, you can probably make a bundle with part-time work, and that could really help.
My nephew just did a career change to become a programmer (absolutely no prior experience, just took a 3-month 'boot camp' course) and is now making $65/hr as a programmer in this area - the tech economy is good here right now.
Good Luck!
#52
Re: Is 55k enough for a couple to live on in SF bay area?
There's a whole discussion in the thread about their visa situation; J1/J2 apparently, seems to allow work. Post #4: "Your husband would be on a J-1 visa, which would have you on a J-2, so eligible to get an EAD and work. "
Last edited by Steerpike; Dec 26th 2015 at 5:34 pm.
#53
BE Enthusiast
Joined: Feb 2013
Posts: 947
Re: Is 55k enough for a couple to live on in SF bay area?
...ooops. Zoned out with all the blah blah blahing and missed that part .
#54
Re: Is 55k enough for a couple to live on in SF bay area?
With respect to deposit return, the law in MA seems fairly clear. The landlord has 30 days to return it, or a list of itemized deductions. If they don't they are then liable for triple damages so owe 3 times the deposit amount. If they then want to claim damage, they have to do that as a separate suite against you, they can't say "oh there was damage so you're not getting it back".
There is some good on info mass.gov, Massachusetts Law about Tenants' Security Deposits.
On the interest matter, agreed, it's not a sum worth chasing.
There is some good on info mass.gov, Massachusetts Law about Tenants' Security Deposits.
On the interest matter, agreed, it's not a sum worth chasing.
First, last and deposit is the norm outside of 495 as well.