The article highlights the struggles tech workers face in affording homes in high-cost areas like San Francisco, where median home prices are around $1.2 million. A comparison of salary and savings between software engineers in San Francisco and Austin reveals that relocating to Austin could allow a high-earning tech worker to purchase a home five years sooner than if they stayed in San Francisco. This geographic arbitrage serves as a profitable strategy for tech professionals eager to build wealth more effectively.
Every year, thousands of tech workers grind away in San Francisco-saving diligently, renting indefinitely, and hoping that one day they'll be able to afford a home.
For high-earners questioning their future in any city with a high cost of living, this kind of geographic arbitrage might offer the most powerful shortcut to building long-term wealth.
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