151–160 of 232 posts
Move to Washington State. Don't pay California income tax. Instant 8% boost to your take-home pay.
That, and Washington kicks hella ass. Washington State. Not that Washington. The good one.(tm)
See https://www.theatlantic.com/science/archive/2016/08/a-major-... if you don't know what I'm talking about.
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The reason is probably super inflated salaries in bay area due to high cost of living. Lock in has probably less to do with this than pure money aspect.
I think there's a collective realization happening in the Bay Area that the landlords are the real winners and everyone else is just playing their game. Employees hate seeing 3k/month fly out the door in rent just as much as CEOs hate paying it, just as much as investors hate seeing their capital ultimately end up with landlords. Big companies in general are conservative. They've made it and don't want to take unnece…
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When compared to cost of living, sure. But factor in savings rate and opportunities and the cost of living cut is well worth it. For example, I pay 2.5x in rent for a smaller place compared to what I was paying for a mortgage before I moved here. But my salary is 2x and a bit, and I'm saving more than 2x as a result.
If you don't mind me asking, what did the 25% increase in housing/income ratio come out of if your savings rate stayed the same?
For most Americans, housing+savings is under 50% of income.
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Apple - is in Cupertino Facebook - Menlo Park Oracle - Redwood Shores Twitter - San francisco Having an office with paint that says 'Twitter' doesn't mean 'Twitter' is in Seattle. Satellite offices are rarely taken seriously.
An office doesn't have to "taken seriously", whatever that means, to provide you a job, which is all we're talking about. WalterSear even mentioned a satellite office in his post.
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We had a dev working for the summer who got a job at an SF startup this past week. He's making $2k a week, but his rent for his apartment costs $3k and he's got roommates. As someone who has lived off of $40k and rented a $1.4k a month loft that was absolutely palatial, in the middle of the city with great views, this sounds like insanity. My coworker who is from the Boston area was similarly aghast at the difference…
FYI, you don't need to pay $3k - I lived in the Mission / Potrero Hill area (with roommates, mind you) for a few years, and my rent had always been between $1000-1850/mo. Centrally located, safe(-ish), and beautiful. You can run through Bernal Heights Park, get ice cream at Humphrey Slocombe, and bike to the 24 Hour Fitness on 16th and Potrero. If you're in tech, you can definitely live well in SF :)
As someone who works remotely and who posts remote-friendly openings for his team in the Who's Hiring HN thread, it's kind of amazing to me that more people aren't actively looking to get out. I live and work in a small midwestern town because my wife's military job has us here. If I was single, however, I would make the most of my remoteness and try working from a variety of towns. Here's some places that I would tr…
But I agree, it's great to travel and work.
Ok, so I "delocate". Do I then have to take a pay cut because I'm now somewhere else? Spreading the tech sector out around the country even more is great, and things like this can be a step in the right direction. But a big part of why the Bay Area is what it is has to do with funding. Most VCs are there, and don't seem to be willing to move away. Hell, YC requires you to be there, at least during your time with them…
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Many/most companies pay something like this for relocation. I never thought of it as a bonus, rather a way for an employer to offset the expense and misery of moving. If a company didn't help pay for relocation, I wouldn't want to work for that company. It's not a bonus, it's an expectation.
Facebook pays $50k to relocate to Bay Area!
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You forgot at least two pros: - Large salaries lead to higher savings rates - Opportunities are just not comparable almost anywhere less expensive: there are tens of thousands of jobs from hundreds of employers here in the Bay Area for technology that pays well, compared with hundreds or maybe a few thousand jobs for maybe a dozen or few tens of employers Also the "monoculture" dig applies to tech specifically: in te…
We had a dev working for the summer who got a job at an SF startup this past week. He's making $2k a week, but his rent for his apartment costs $3k and he's got roommates. As someone who has lived off of $40k and rented a $1.4k a month loft that was absolutely palatial, in the middle of the city with great views, this sounds like insanity. My coworker who is from the Boston area was similarly aghast at the difference…
It's highly likely that by the time you are 35-40 you will be paying for rent/mortgage AND childcare.