Ask HN: What happens to older developers?

Post by sokoloff » Thu, Mar 20, 2014, 11:11 AM UTC

benjamincburns wrote: post #368

sokoloff wrote: post #363

Earlier quoted context omitted.

Most of the $300K/yr jobs are in locations where housing is expensive. SF, NYC, etc. It's not like there are tons of $300K/yr work-from-home-in-Indiana jobs out there. If your $300K/yr job is in the Bay area, and you like the job and area, it seems eminently reasonable to borrow money to buy a house there.

Unless you want to be increasing your net worth. It's certainly a matter of opinion, but I think if money is your priority, you're much better off in the wop wops making $120k/yr with little to no debt.

Your net worth difference between those two scenarios hinges almost entirely on how your real estate purchase in the Bay area changes value. (You are highly leveraged and concentrated in the Bay area home ownership case. That can cut both ways.)

Post by FireBeyond » Tue, Mar 25, 2014, 1:16 AM UTC

wallflower wrote: post #266

pyrrhotech wrote: post #227

Don't listen to what anyone who says that you can make as much as a programmer as a manager. The best programmers in the world with no management experience are going to cap at much less than a million a year in 99.9% of cases. Usually 400k or less. That's still good, and if you are happy with that stay a programmer! Just don't justify it saying that's the most you could make. People who go into management literally…

Usually but not always in most corporate structures an MBA from a brand name school is required to move into the mid-high six and seven figure management positions.

Late comment: but handily enough, many large enough corporate structures will happily pay your way through MBA school when you are middle management with "potential". My ex-employer sent one of the managers in my group through Dartmouth's MBA program.

Re: Ask HN: What happens to older developers?

Re: Ask HN: What happens to older developers?