How and why I built Japan Dev

Post by Waterluvian » Wed, Aug 17, 2022, 2:07 AM UTC

quickthrower2 wrote: post #148

Waterluvian wrote: post #147

Earlier quoted context omitted.

Depends on your mortgage. Five years fixed at 2.99% means that it’s often smarter for me to invest the money in a GIC at 4.60% rather than pay it off. (The risk of course being when I renew and it’s way higher)

In the US yes because of tax relief and better investment options? Here I pay nearer 4% mortgage (a 3% 5 year fix like your may have been possible with impeccable timing, just got off a 4.39% 5 year fix), in after tax money, get maybe tops 1% in the bank and have to pay tax on that 1% too! Technically you can pay off some of the mortgage early, split a new loan account, borrow from that new account, and then use that…

Post by tagawa » Wed, Aug 17, 2022, 3:29 AM UTC

stewx wrote: post #52

rtpg wrote: post #47

Earlier quoted context omitted.

I think a huge reason this works is that this site is essentially focused on a small niche: (mostly) Tokyo-based, (mostly) English-heavy IT companies. Everyone knows each other, it’s a high trust environment anyways, and it’s hard to recruit in the first place! And like the article says, recruiting in Tokyo is kind of insanely expensive, mainly cuz it’s scaled to salary and a big chunk. But I think the fact that this…

As of 2019, Tokyo was far cheaper in terms of monthly rent than some major American cities. Rent in Tokyo for a 2BR apartment: $1,903/mo Rent in NYC for a 2BR apartment: $2,909/mo Rent in San Francisco for a 2BR apartment: $3,631/mo Src: Deutsche Bank https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD000000000049...

Post by etdev » Wed, Aug 17, 2022, 6:32 AM UTC

lovetocode wrote: post #127

I really enjoyed reading this and I hate reading. How did you go from 12 months of no revenue to actually generating revenue? Did you provide your service for free w/o any payment options? I imagine job seekers were free to use the board but companies were required to pay to post on your board. Did it basically take 12 months to gain enough traction with job seekers to entice employers to post on your board instead o…

Post by krab » Wed, Aug 17, 2022, 6:47 AM UTC

themanmaran wrote: post #87

franciscop wrote: post #38

Earlier quoted context omitted.

I was one of the "Quick aside since I get asked this all the time."[1] Being from Spain I'm 100% a lot of the companies here would try to cheat this, but he made some good points both in the tweet answers and article; it's better to pay early and low, than being caught very late and having to pay a huge amount (don't know how much better though). If a company retires a job without paying, I'd def spend few minutes tr…

Having also run a hiring company, I was worried about companies ghosting us after making a hire. Turns out the vast majority of customers don't balk at recruiting fees. They see it two ways: 1) Easier to pay, than review the legal recourses of not paying 2) If they sourced one good candidate from your site, they may source another. So best not to get booted from the platform for delinquency.

Post by harpratap » Wed, Aug 17, 2022, 8:32 AM UTC

thematrixturtle wrote: post #54

Thanks for helping surface these. The sad fact, though, is that Japanese IT salaries even at the "good" companies are still a fraction of the global market rate. I was recently approached for an engineering management role at the innovation wing of $JAPANESE_MEGACORP (and I see they're one of your customers!). Alas, the top of their range was around half of what I'm getting paid in Singapore, and that's before accoun…