I used to be an accountant so you have to forgive me generating the #'s.
You might laugh but if you chose to rent instead of own in S.F., the col
calc estimates the number to be $114,500. That number is actually lower
then the number you generated.
I don't know if I can adjust because I have been here all my life but if
someone offered me $80k in Tampa, I might consider it.:)
Have you seen a slowdown in work because of the economy?
-----Original Message-----
From: nobody@xxxxxxxxxxxxxx [mailto:nobody@xxxxxxxxxxxxxx]On Behalf Of
John Kaberna
Sent: Wednesday, October 10, 2001 7:03 AM
To: jobs@xxxxxxxxxxxxxx
Subject: Re: CCIE salary is going down, should I take the o [3:3560]
Sam,
LOL! Man you went through a lot of effort with those numbers. But, I
already said that it really depends on what your needs are. If you plan on
moving from a small town where you had a 4 bedroom house and a backyard then
you will be in for a shock moving here. That is why I dispute the salary
calculators because a reasonable person cannot expect to move from Florida
to any major city and expect the same real estate. Assuming he lived in a
modest 2 bedroom apartment that he rented for $800 a month on a nice beach
in FL. Then he moves here and finds out that same apartment costs $2500.
It's not too unreasonable for someone to pay that much. So, the rental
difference is about 20k per year. Then figure another 10k per year in taxes
since we have a ridiculous state tax and there is no state tax in FL.
Figure about 10k for increases in all the little things like food,
insurance, gas, etc. You are looking at a total of 40k difference. 125k -
80k = 45k. I'm sure you will pretty much agree with those numbers.
As a network engineer, I've lived in Chicago and SF. But, I spent 3 years
in the military and lived in VA, TX, and FL. I also travel extensively as a
contractor so I have a fair idea of real estate prices in other markets.
Unlike most everyone else, instead of dumping all my money in to the
inflated market I put all of it in to real estate.
Personally, I think I would take the 80k with the bonus rather than 125k
here. The quality of life is probably a little better depending on what you
enjoy. SF has been a gold mine for the past 4 years, but if it wasn't for
school (UC Berkeley) and my girlfriend I'd probably be outta here. Almost
all of my contract work is out of state so where I live isn't nearly as
important as it was in years past.
John Kaberna
CCIE #7146
NETCG Inc.
Cisco Premier Partner
www.netcginc.com
(415) 750-3800
__________________
CCIE Security Training
www.netcginc.com/training.htm
""sam adams"" wrote in message
news:200110071338.JAA04302@xxxxxxxxxxxxxxxxx
> So you're saying that it would only take $125k in S.F. to maintain the
> lifestyle of someone who makes $80k in Tampa? How much would your 3 br
> townhouse cost in S.F now.? 800k? What will that cost in Tampa? 100k?
> Using a mortgage calc, and 20% down, the mortgage payment would be about
$5k
> a month for the 800k townhouse, not counting insurance, and real estate
> taxes per year(what would that be, over 4k every six months?). Now, using
> the same criteria, a 100k loan with 20% down will require a $387 a month
> payment. Thats about $4,666 versus $60,000 a year in payments. Now,
taking
> taxes into account, it's probably more like 40k-50k net payments. Maybe,
a
> new one for $135k? That's a $614 payment. Even if it were 200k, the
> townhouse payments would be $1036.00. The calc are from realtor.com if you
> want to replicate them. Use 6.75% interest.
>
> So I think the difference between the two is probably $55-60k a year if
the
> real estate taxes and higher utility and gas costs are factored in. I
> didn't factor in how much per year one has to save in order to put down
20%
> on the 800k townhouse. How much would depend on how much one had saved or
is
> saving. And don't forget your 300k purchase price will now set you back an
> additional $500k. BTW, you could sell your place and live quite nicely if
> you ever wanted to go back to FL.(You did the right thing by purchasing
> property in S.F.) Of course, property appreciation might reduce the COL
> here in the long run.
>
> The original poster stated that he/she had no other offerings pending. I
> think that a job in hand is better then unemployment checks in the mail,
and
> don't forget the signing bonus of 15k.
>
> On another note, I've lived in S.F. my whole life so I have to say it's
> worth living here or in the bay area even if it costs more.
>
>
>
> -----Original Message-----
> From: nobody@xxxxxxxxxxxxxx [mailto:nobody@xxxxxxxxxxxxxx]On Behalf Of
> John Kaberna
> Sent: Friday, October 05, 2001 8:49 PM
> To: jobs@xxxxxxxxxxxxxx
> Subject: Re: CCIE salary is going down, should I take the offer?
> [3:3557]
>
>
> I live in SF and have lived in the Pensacola area of Florida. The salary
> calculators are ridiculous because most of them factor in what it would
cost
> to have a 3 or 4 bedroom house on a half acre of land. That would cost a
> million here in the city and would only cost about 150k in Tampa. So, if
> you account for something like that then sure you are correct. But, if
you
> figure in ALL of my expenses including a 300k house it doesn't come close
to
> the 100k difference you are saying. I would say 80k in Tampa is about
> 120-125k in SF. But, if you are planning on owning a large house then
maybe
> you are right. In any case 80k is decent for Tampa, but it's not
> exceptional.
>
> John Kaberna
> CCIE #7146
> NETCG Inc.
> Cisco Premier Partner
> www.netcginc.com
> (415) 750-3800
>
> __________________
> CCIE Security Training
> www.netcginc.com/training.htm
>
>
> ""sam adams"" wrote in message
> news:200110060105.VAA27672@xxxxxxxxxxxxxxxxx
> > I don't know your experience level and I don't know what you made but
> > considering that $78,000 in Tampa is about $180,000 a year in S.F., you
> > should consider it.
> >
> > Check out cost of living calculators if you have any doubts.
> > ""SAGJ SAGJ"" wrote in message
> > news:200110020437.AAA07479@xxxxxxxxxxxxxxxxx
> > > Im a CCIE and I recently got an offer to work in Tampa Fl. I got a
base
> > > salary of 78000+Bonus(15000) should I take this offer?.I don't have
any
> > > other offer at this moment. Please advice.
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