bk187 wrote:@Scrabble: You can probably get a decent 4 bedroom house in some of the decent suburbs in NorCal for around 600k. My neighbor's house just sold for a touch under that, iirc. Granted you'll be commuting 30-60 minutes to SF, but is that really that bad?
You are being way too hyperbolic about 160k not getting you far. Plus, especially for one who is paying off law school debt, buying a house just doesn't seem like it is something that should be on the plate for a while (though I do understand you have a different perspective than those who don't have families).
Out of sheer curiosity, which 'burb? As far as the commute, it really depends. With traffic, it'd sometimes take me 80 minutes to drive 20 miles from Los Altos to Fremont. Hell, from my condo in SF on Ocean beach I had a 40 minute commute to downtown SF, and that was all of 7 miles.
Again, I think you can live in CA on $160k. My point is that you won't be living like you are earning $160k... I mean, you hear $160k and you think that is a lot of money, but, compartively, it's not really that much in CA. $75k in Denver will get you just as much, if not more, than $160k in CA. And, as I stated before, we're assuming that OP gets a $160k job in CA. They would be lucky to get any job, let alone BigLaw. If they come out of USC and get a $80k job, they are going to have a lot of issues.