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Unlike stonks, rent prices only go up.
Lollllll
A1, I was about to list other industries that pay better than tech. PE, HFT, big law, hell AlixPartners beats google pay for returning interns. Don’t forget that discounting F/G, some VC propped startup, Netflix and a few top tech companies, most 35 years old don’t end up making 500k in tech.
The only way rent prices will go down is if there is a mass exodus out of the city.
Your portfolio isn't part of the 40x income to rent calculation
Also everyone is telling you you're the exception and not the rule in getting paid in stocks. Very few high earners say a substantial portion of their income comes from RSUs. Stop thinking the world revolves around Google.
Speculation is not your forte OP
What about if / when market turns positive again ? You OK with landlord raising your rent by 50% because the markets up ? Real estate owners have all kinds of fixed costs they need covered - cost of the building, debt service... those don't change just because the market is down over some shirt term Sone people have no concept of reality
I think OP underestimates how many people A) work in fields other than tech. I’d say more than 80% of people living in fancy apts working in other sectors like law, banking, finance, consulting etc. B) are generally wealthy. Their job pales in comparison to what they are set to get as inheritance. I’m not talking about trust fund kids. I’m talking about people who don’t have to save for retirement and so they spend all their money on lifestyle.
Eventually, yes. Rent prices will drop if the economy collapses.