Hacker News Reader

It's not a lot of money in San Francisco, where you're fighting with every tech company employee for housing

Do you have a quantitive way of making the distinction of what "a lot" is? 150k is substantially more than the average SF household, and is about 83 percentile for individuals.

https://dqydj.com/income-by-city/

Average home prices in SF is 1.3M, so a household of two teachers would give them a P/E ratio of 5. The P/E ratio for the average US home is 4.4.

Are teachers overpaid, or are people in SF underpaid relative to the value of a house?

a P/E ratio of 4.4 is nuts. The fact that we normalized that is wild. Same for committing 30% of net income to housing.

Reply on news.ycombinator.com