Interview with the creators of levels.fyi • Hacker News Board

Re: Interview with the creators of levels.fyi

#181

Post by a1pulley » Wed, Jun 19, 2019, 4:14 AM UTC

a1pulley wrote: post #39

bradlys wrote: post #29

Facebook and Google are only setting the pay standard among other well paying public companies. The rest of the valley isn't keeping up. Startups in particular feel like slowly ramped up in pay but capped out. They're not offering enough stock to make up for it either. Usually only enough to make it such that your TC at startup would be equal to that of a big company IF the company IPO's/sells. (A big IF!) I don't se…

I've actually had the opposite experience with Google. I'm currently negotiating a job offer at Google; my initial offer was significantly lower than my four other ones. It's TBD whether they'll end up matching, but my recruiter has been trying to systematically deconstruct the argument for working at a local competitor to make the case that 0.67 * other offer = Google offer. I'm not sure if they'll end up matching -…

OK, I have an update. Google came within an iota of matching my "local competitor" offer. The original numbers went up just under 50% in a single round of negotiation. So I guess I've added one more supporting data point to the "get competing offers" heuristic for Google jobs.

Re: Interview with the creators of levels.fyi

#182

Post by MuffinFlavored » Wed, Jun 19, 2019, 2:45 PM UTC

radres wrote: post #167

MuffinFlavored wrote: post #37

Earlier quoted context omitted.

Is there a map that shows the data geographically? It's hard to tell given the list of salaries + cities to find data the compares to my city.

Why don't you try https://www.levels.fyi/comp.html?track=Software%20Engineer search for a city and see if it compares in any way to your salary?

You can't search for cities to my knowledge.

Re: Interview with the creators of levels.fyi

#183

Post by warp_factor » Wed, Jun 19, 2019, 8:38 PM UTC

malvosenior wrote: post #174

warp_factor wrote: post #169

Earlier quoted context omitted.

you should search what "opportunity cost" means. The market is highly inflated compared to other investments because people are blindly buying without thinking at almost any stupid price. Your comment is a perfect example of that.

You can leverage your money much better with a mortgage though. You just need a small down payment, but you get the upside (and downside) on the entire value of the home. I'd also argue that most other assets are also highly inflated. The P/E on most tech stocks for instance looks a lot scarier than the overall real estate market. I'll add that people have been saying the Bay Area housing bubble will pop for over 30…

This is a bet on the future price of the home. And a lot of simulations have shown that you will come ahead in stocks unless you are in an exceptional growing market and not moving for at least 5 years.

There is a huge lobby in society to convince you that owning a home is the way to go (banks, real estate agent, other homeowners and people repeating this nonsense all the time). Don't let this fool you and make the calculations before buying anything.

Re: Interview with the creators of levels.fyi

#184

Post by malvosenior » Wed, Jun 19, 2019, 8:45 PM UTC

warp_factor wrote: post #183

malvosenior wrote: post #174

Earlier quoted context omitted.

You can leverage your money much better with a mortgage though. You just need a small down payment, but you get the upside (and downside) on the entire value of the home. I'd also argue that most other assets are also highly inflated. The P/E on most tech stocks for instance looks a lot scarier than the overall real estate market. I'll add that people have been saying the Bay Area housing bubble will pop for over 30…

This is a bet on the future price of the home. And a lot of simulations have shown that you will come ahead in stocks unless you are in an exceptional growing market and not moving for at least 5 years. There is a huge lobby in society to convince you that owning a home is the way to go (banks, real estate agent, other homeowners and people repeating this nonsense all the time). Don't let this fool you and make the c…

I didn't say you could leverage it to guaranteed success, just that you can leverage a far larger amount of capital. That of course means larger risk along with the larger reward. No one is going to loan you 300k to invest in the stock market but they will to buy a house.