If you're getting paid >$500k, would it be possible to do a bit of Mr Money Mustache and then get some kind of high net worth visa. At >$500k a year, that can't take more than a few years.
And you'll be retired too.
And you'll be retired too.
If people living around you keep paying more and more for expensive lifestyle, eventually you will be paying 5mil for a 2bd house in a so-so neighborhood. Because everyone already paid 7mil for the houses with 3bd.
I admittedly have never lived in SF with kids, but this seems like a series of choices and likely some exaggerations. If one of you is making >$500k and both of you chose to work, have kids, and you don't have the option to shift morning/evening so nanny/daycare is only 40 hours these are all choices.
Even at the rate you quoted it doesn't seem unreasonable to be able to stash away significant amounts of money. The problems are very similar, but the solutions are a lot more enviable than most of the US.
4k a month is probably average for an over the table nanny at 45 hours a week with 1 kid.
Au pair is an inexperienced person which is fine, but not for the type of nanny work someone may need if they are working a lot of hours.
I believe you should be able to save serious money at 500k if you dont over extend yourself on a large apartment, but things add up very quickly so I can see how it might not be much left over with 2 kids.
SF totally jumped the shark.
But even if my figure is wrong then it's only because I accidentally posted it from three or four years in the future. But I suppose it's good news that a one bedroom is only $40k a year rather than $60k. At the moment anyway. And if you made 100k, then it's only 2.5 times more than taxes and leaves you a full 40% of your salary to thrive on, so that's nice.
You can get a 3 bedroom with that budget.
Only the new construction in soma is more than that.
$200k/year is middle class in the most expensive areas.