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Zoom towns and the new housing market for the two Americas

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Re: Zoom towns and the new housing market for the two Americas

#181

Post by _t0du »

tolbish wrote: post #161
rabidrat wrote: post #142

Earlier quoted context omitted.

Erm, in my experience (20 years, good but not a superstar) the numbers are 2x that. My last BigCo offer was $300k total comp and jobs with smaller companies (all remote) were around $120-150k. One startup offered me $190k to work remote (but I would have been the only remote worker). That said, I agree that your average non-FAANG job pays about half of FAANG. Although this is true regardless of remote-ness.

You are getting those offers because of your 20 years of experience, not because remote work is inherently lucrative. Most people with 10 or fewer years of experience are used to seeing remote-only offers of less than $100k.

I have less than 20 years experience (less than 10 even) and I have gotten/seen a bunch of offers/jobs/etc with remote-only or remote-first over 100k

Re: Zoom towns and the new housing market for the two Americas

#182

Post by tolbish »

_t0du wrote: post #181
tolbish wrote: post #161

Earlier quoted context omitted.

You are getting those offers because of your 20 years of experience, not because remote work is inherently lucrative. Most people with 10 or fewer years of experience are used to seeing remote-only offers of less than $100k.

I have less than 20 years experience (less than 10 even) and I have gotten/seen a bunch of offers/jobs/etc with remote-only or remote-first over 100k

Do you believe your experience is common, or that you are an outlier?

Re: Zoom towns and the new housing market for the two Americas

#183

Post by _t0du »

tolbish wrote: post #182
_t0du wrote: post #181

Earlier quoted context omitted.

I have less than 20 years experience (less than 10 even) and I have gotten/seen a bunch of offers/jobs/etc with remote-only or remote-first over 100k

Do you believe your experience is common, or that you are an outlier?

It's less me, and more the experience of myself, my close friends and professional colleagues. But as with everything, I would assume it's a mix of both.

Re: Zoom towns and the new housing market for the two Americas

#184

Post by refurb »

swimfar wrote: post #130
refurb wrote: post #114

Earlier quoted context omitted.

I would be shocked if one could find a liveable single family home in Palo Alto or Mountain View for $1.5M. Last I looked empty lots went for that much.

By home, do you mean house? Sub-million dollar homes show up all the time in Mountain View, even before Covid. Thinking anything less than a house is unlivable for a family is not the norm in most other parts of the world.

I assumed you meant "single family home", but yes, you can find sub-$1M apartments.

Re: Zoom towns and the new housing market for the two Americas

#185

Post by tolbish »

_t0du wrote: post #183
tolbish wrote: post #182

Earlier quoted context omitted.

Do you believe your experience is common, or that you are an outlier?

It's less me, and more the experience of myself, my close friends and professional colleagues. But as with everything, I would assume it's a mix of both.

Can you speak more about these experiences? Are these colleagues from average or elite schools? FAANG type backgrounds or typical corp resumes?

Re: Zoom towns and the new housing market for the two Americas

#186

Post by _t0du »

tolbish wrote: post #185
_t0du wrote: post #183

Earlier quoted context omitted.

It's less me, and more the experience of myself, my close friends and professional colleagues. But as with everything, I would assume it's a mix of both.

Can you speak more about these experiences? Are these colleagues from average or elite schools? FAANG type backgrounds or typical corp resumes?

No, we're all pretty average people. Mediocre colleges with mediocre degrees and mediocre working histories.

Re: Zoom towns and the new housing market for the two Americas

#187

Post by anon9001 »

shajznnckfke wrote: post #177
anon9001 wrote: post #171

Earlier quoted context omitted.

I work for a big company you've heard of as a developer. I'm fully remote since pre-pandemic and plan to stay fully remote indefinitely. If you're a good developer with experience, it doesn't really matter where you are. I actually get paid more total comp than I would in SF, my cost of living is lower, and my tax situation is much better.

This is interesting, they pay you extra to not live in SF?

Sorry I missed your reply, but technically, yeah. Being remote when I switched jobs gave me an absolutely great negotiating posture. I didn't even have to leave the house, and it's not as if I was stepping away from my desk to make secret phone calls. Plus I could work anywhere in the world, so it became about company selection and negotiation.

Once I found the company and nailed the interviews, I got an offer ~30% lower than the SF salary because of CoL adjustment. My position was that if my salary could be offset by much riskier equity (aka more than the 30% cut, but essentially free for the company), I would accept the position. So I ended up getting a larger total comp than would have been available to me in SF. Also I don't even need 50% of my salary to live outside of CA anyway, so it's a major lifestyle upgrade.

This only works because I get to choose any company in the world. That means the equity I get is something I would have invested in anyway given the opportunity.

For the first time in my career I feel that I negotiated well and have confidence in my employer, and it never would have happened by just being another dev in the bay area.

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