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Curious, especially since the cost of living in Palo Alto appears to be roughly 110% greater than Blacksburg
Think they get paid in stock options out there... I mean really... who wants to get paid with those things?
All I know is that Stanford is Phil Knight's #2 school. I can't imagine that they have money problems.
California also just voted to raise their Taxes. I would say that you would be close to paying 50% of your total salary in taxes if you made about 500 as he should. That not including tax you pay on items you buy.
When you combine that with cost of living adjustments then you are on to something.
It just depends on what you want out of life. A good place to raise a family, a nice little lake house on the side and some decent golf plus as stated about it would be a bump in the amount your dollar buys.
Plus for Pep it seems it is closer to home for he and his wife.
Its not a football school, its basically Duke with a lot more success. They are number 10 in the nation and cant sell out home games... I dont think you will ever see a coach stay for a long period of time.
Stanford has the largest athletic endowment of any school in the country, and it's not even close. They've led that category for quite some time I believe.
In that case, maybe they could pay students to go to the game.
The cost of living in Palo Alto, or the surrounding areas, are at least 3-4x that of Blacksburg and that is if your comparator housing is 4K square feet vs. 1200-1500 sq ft in Peninsula or Silicon Valley. Housing and taxes are simply brutal. I've lived there and work in the area. Great place to live but COL is out of control. Especially when compared to Blacksburg.
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