After living a blissful country life as a tenured academic professor in rural Western Massachusetts for almost 20 years, where I lived 3 miles from my university in a lovely 2.5 acre house on a idyllic hill with a gorgeous view, I made a career changing decision of moving to the San Francisco Bay Area 5 years ago. Boy, was I in for a shock! Yes, my salary went up by a factor of 5x (mostly because in the tech industry, salaries are a complex combination of regular salary, stock awards, and yearly bonuses), but the cost of living skyrocketed as well. Now, I live in a house in a tiny lot (by comparison to my rural Massachusetts house), and it cost me 4x the price of my Massachusetts house. I don’t regret the move — you only live once, and working in the field of AI, the Bay Area is as close to AI Mecca as you can get to today — it’s a crazy scene here for would-be home buyers. Prices in my not so elite average town are now roughly $2 million for a house that would cost probably 10 times less in many parts of the US. As you get closer to the middle of the peninsula (Palo Alto, Mountain View, Cupertino), prices skyrocket. One of my team members bought a house near the Apple spaceship campus roughly a third of the size of my house, and it cost him almost $2.5M and an extra 500 grand to remodel the 100 year old house so it was up to code. Welcome to the Bay Area!