Of course, it means you don't have to live in a large city. For a lot of people the reduced cost of living more than makes up the 30% paycut.
If you're already at the top marginal tax rate, saving 20-30 grand a year can be equivalent to earning 40-45 grand a year, and it's not crazy to think living outside the city could save that much.
I bought my house at 27 years of age and my mortgage is ~$1000 per month. That was by working remotely, mostly for Bay Area companies but also others, from a low-cost town in Washington state. I'm sure that it's easier to find new and better jobs when you have a physical presence near a major software hub. The extra difficulty in job-hunting has not outweighed the benefits of affordable housing so far. Living off savings between jobs is easier when you spend under $2000/month on necessities.
I'm investigating similar options at the moment, but having a spouse who isn't remote complicates things a bit. Even so the idea that changing cities (countries, even) wouldn't necessarily mean changing jobs is a relief.
Comments
Of course, it means you don't have to live in a large city. For a lot of people the reduced cost of living more than makes up the 30% paycut.
If you're already at the top marginal tax rate, saving 20-30 grand a year can be equivalent to earning 40-45 grand a year, and it's not crazy to think living outside the city could save that much.
I bought my house at 27 years of age and my mortgage is ~$1000 per month. That was by working remotely, mostly for Bay Area companies but also others, from a low-cost town in Washington state. I'm sure that it's easier to find new and better jobs when you have a physical presence near a major software hub. The extra difficulty in job-hunting has not outweighed the benefits of affordable housing so far. Living off savings between jobs is easier when you spend under $2000/month on necessities.
I'm investigating similar options at the moment, but having a spouse who isn't remote complicates things a bit. Even so the idea that changing cities (countries, even) wouldn't necessarily mean changing jobs is a relief.