It’s always a bit nerve-racking when bringing a relatively large stack of cash to deposit at the bank. What if I get robbed before I get to the location? Lots of AAPI hate going around these days. What if I get pulled over by the police while I am still in the car? Civil asset forfeiture is a thing: I would have to prove to the authorities the cash is clean and kosher. Guilty until proven innocent - imagine that in America!
While waiting in line for the next available teller, a helper person asked me if I want to use the ATM instead. Heck no! Last thing I’d want to risk is the machine eating up the bills and causing a huge headache. I’ve also seen ATMs outright reject otherwise good bills. Any count above 10, it’s better to deposit with a real person. They’ve got those fancy bill counting machines that goes through a pile quickly and accurately.
A couple next to me was doing a wire transfer. They’ve just closed on a home, and were super excited. Their teller wished them congratulations, to which they replied, “Thanks! But now we’re house poor!” Indeed that’s the reality: there’s really no homes around here that isn’t above seven-figures. Anyone not making tech-bro money will be stretching to make the mortgage. Not to mention the exorbitant property tax every year - no prop 13 protection for you!
I have zero illusions that I can purchase a home in San Francisco any time soon, if ever. Not on this government employee salary! Besides, I don’t want the inflexibility of being tied down to a property for an extended period. It’s not that I plan to go anywhere; it’s because having a mortgage payment changes the calculus of how you approach employment. The stakes are higher: you can no longer afford to tell your boss to fuck off.
Those are the shackles!
Against all odds.