Hacker News' “Who is Hiring?” thread, part 2, remote and locations • Hacker News Board

Re: Hacker News' “Who is Hiring?” thread, part 2, remote and locations

#191

Post by bogomipz » Tue, Jul 12, 2016, 2:02 AM UTC

climb12 wrote: post #182

nedwin wrote: post #180

Earlier quoted context omitted.

$3k per month should get you a studio apartment in the Mission, SOMA, downtown etc. If you're willing to share you can get for cheaper. If you want 1 bedroom you're going to struggle to find something for $3k.

Less 3k a month is in solid 1 bedroom territory for those neighborhoods these days. Around ~$2700 is what I'm seeing in my search for decent 1bedrooms in good SF neighborhoods.

That's still pretty crazy though. What if you had a kid(s)? That's $2700 a month that could be building equity somewhere else.

From what I have seen the salary spread between say SF and NYC is not enough to compensate for the higher rental costs in SF.

Re: Hacker News' “Who is Hiring?” thread, part 2, remote and locations

#192

Post by ryanSrich » Tue, Jul 12, 2016, 2:08 AM UTC

SmellTheGlove wrote: post #138

ryanSrich wrote: post #34

Earlier quoted context omitted.

I'm surprised as well. When I moved from DC to Portland I saw a massive decrease in recruiter spam. Even two years later I still get 10 emails per week about jobs in DC. Portland on the other hand? Pretty much zero.

Out of curiosity, what's generating the job spam in DC? Profile on LinkedIn, or other sites? I have the same thing going on.

No idea. I get random emails from shady "meetups" and networking events too. I can't report the spam and unsub fast enough.

The recruiter spam has transcended LinkedIn too. It's mostly direct emails from recruiters. I wouldn't mind if the jobs were even slightly related to what I do. It's pretty clear I'm a designer and frontend dev, but I get spam for Java and PHP gigs all the time...

Re: Hacker News' “Who is Hiring?” thread, part 2, remote and locations

#193

Post by bogomipz » Tue, Jul 12, 2016, 2:10 AM UTC

dmode wrote: post #131

source99 wrote: post #99

Earlier quoted context omitted.

Just for fun: $300K pre tax. Tax rate of 40% $180K after taxes High Quality Child Care for 2 Children = $6K per month or $72K / year 108K after childcare 3Br house in SF - http://sfbay.craigslist.org/search/hhh?search_distance=4&pos... Call it $6K / month or $72K per year $36K left after housing + Childcare + taxes. $3K / month for transportation, food, clothing, vacations. Good luck...

This is a wildly exaggerated calculation. I make roughly around 300k and my effective taxes (both Fed and State combined) was 28%. I also have daughter and she goes to daycare that costs me $1200/month. I also own a 5 bedroom 2800 sqft house in East Bay, that costed me around a million bucks and the mortgage is around 3500 including insurance and property taxes

That can't be correct. The nominal tax rate for 300K is 33%:

http://www.efile.com/tax-service/tax-calculator/tax-brackets...

California also has the highest State to Federal tax ratio which is around ~ 10% for what you describe. So your number are way off.

http://www.bankrate.com/finance/taxes/state-taxes-california...

Re: Hacker News' “Who is Hiring?” thread, part 2, remote and locations

#194

Post by ryanSrich » Tue, Jul 12, 2016, 2:15 AM UTC

a3n wrote: post #148

TrickzOnU wrote: post #75

Earlier quoted context omitted.

It is not. The rancher would just hire an illegal immigrant often and it happens all the time on farms and restaurants. It doesn't fly in office environments and in positions where the salary cant just disappear in the books. Secondly, only the technology industry has a massive pipeline of overseas workers available...so naturally there is constantly a "shortage" as a means to increase the pipeline of overseas worker…

The whole thing is based on unrealistic expectations. People work somewhere in the Bay Area, or launch a startup there; it's one of the most expensive areas in the country, maybe the world. Then they don't want to pay enough so that there is no shortage of employees. So then the talk turns to bringing in H1Bs who will work for the low end of the "prevailing" (Ha!) salary. Why don't these companies cut to the chase an…

It's a form of off shoring. They create a fake shortage, lobby for more H1Bs, pay the national average for fair market, which is laughably low for the Bay Area, and there you have it. The tech shortage sponsored by Facebook...

Re: Hacker News' “Who is Hiring?” thread, part 2, remote and locations

#195

Post by rco8786 » Tue, Jul 12, 2016, 2:21 AM UTC

makerman1982 wrote: post #186

dmode wrote: post #131

Earlier quoted context omitted.

This is a wildly exaggerated calculation. I make roughly around 300k and my effective taxes (both Fed and State combined) was 28%. I also have daughter and she goes to daycare that costs me $1200/month. I also own a 5 bedroom 2800 sqft house in East Bay, that costed me around a million bucks and the mortgage is around 3500 including insurance and property taxes

My 300k is 1/3 in private stock options which may not actually become money for another 5yrs, if ever. They don't accept it in exchange for homes and my 200k income isn't enough to buy a home, esp given there is a mass layoff every 7yrs. House prices go up more than the down payment I save each year so I get further from owning a home. Oh, and the east bay is about 2hrs fro SF so I'd never see my kids even if I bough…

You make 200k in income, not 300k.

Re: Hacker News' “Who is Hiring?” thread, part 2, remote and locations

#196

Post by branchless » Tue, Jul 12, 2016, 2:30 AM UTC

Tsagadai wrote: post #181

branchless wrote: post #132

Earlier quoted context omitted.

But the creation of credit costs nothing therefore rent extraction can scale up to match productivity gains in a heartbeat.

Which given that land is limited (you can only go so far out before you are in another place) then the price of the building will increase. It is possible to end up in a situation where even very wealthy workers cannot afford to rent within hours of a city. Sydney, Melbourne, London and Vancouver are examples where this is starting to happen . it has not happened yet but it is certainly pricing many out at lower ends…

Exactly. Go work on your productivity. The rentiers are waiting.

Re: Hacker News' “Who is Hiring?” thread, part 2, remote and locations

#197

Post by branchless » Tue, Jul 12, 2016, 2:32 AM UTC

danieltillett wrote: post #177

branchless wrote: post #167

Earlier quoted context omitted.

I guess they didn't get the memo on this in all the pre 2008 countries where supply was being added like crazy and so was credit and prices rose before a huge crash. It's very naive to think that this is simply any one factor, especially supply and demand alone. Why are economics conversations so limited?

The complication with the supply/demand story is speculation. What happened pre-2008 was demand was artificially boosted by speculators (i.e. a bubble). The true demand for housing didn’t change much, but the speculative demand for housing driven by rising prices and cheap money increased massively. The downside of all speculative bubbles is when they pop. The best way to avoid speculative run ups in prices (and subs…

Exactly. Forcing supply below demand through zoning restrictions does help, but once speculation begins this hurts supply also.

It amazes me on HN where on most other complex behavioural problems if someone came along and shouted "it's because of X" they would be laughed out to cries of "it's more complicated than just one thing".

Yet when it comes to millions of people with varying priorities interacting with government and the banks anyone who comes up with anything more complex than "it's supply and demand" is told "no, I've done econ 101 thank you".

Hacker news can't be bothered with Georgism, they've done econ 101 syllabus (provided by their establishment).

https://www.amazon.com/Progress-Poverty-Industrial-Depressio...

Re: Hacker News' “Who is Hiring?” thread, part 2, remote and locations

#198

Post by branchless » Tue, Jul 12, 2016, 2:35 AM UTC

Retric wrote: post #189

branchless wrote: post #167

Earlier quoted context omitted.

I guess they didn't get the memo on this in all the pre 2008 countries where supply was being added like crazy and so was credit and prices rose before a huge crash. It's very naive to think that this is simply any one factor, especially supply and demand alone. Why are economics conversations so limited?

Markets can stay irrational for a while, however the crash was a direct result of over supply. Land is plentiful and city's only have reduculys prices through poor infrastructure or artificially reduced development.

Land is plentiful. Land with the correct planning permission is not.

Credit however is not constrained except by a willingness to borrow and on the up this is near-unlimited. Fortunes are made not by doing but by speculating and then at the end the workers pick up the tab.

Re: Hacker News' “Who is Hiring?” thread, part 2, remote and locations

#199

Post by branchless » Tue, Jul 12, 2016, 2:36 AM UTC

newjersey wrote: post #173

branchless wrote: post #134

Earlier quoted context omitted.

No, many hot-spots have large rentier presence including people "owning" and renting out multiple residencies which causes huge supply pressure. Credit also typically increases ahead of wages which squeezes people further. This isn't supply of people vs supply of homes, this is supply of credit. If you neutralise this you will see prices fall and be paying less of your labour to banks. 2008 - the credit taps ran dry…

I don't know why it is outrageous to say the solution to high rent is to build more. We shouldn't worry about "squeezing" people out. Ours is a HUGE nation. We have A LOT of natural resources and there is no reason why we can't let people build more (outside of protected areas, of course). People who are "priced out" should move to places where rent costs less. I keep hearing about property owners having enough polit…

I'm not arguing not to build more I'm simply arguing with the notion that the main problem is one of supply and demand. It is not, there are other problems in the mix including taxing labour not land.

https://www.amazon.com/Progress-Poverty-Industrial-Depressio...

Re: Hacker News' “Who is Hiring?” thread, part 2, remote and locations

#200

Post by wangchow » Tue, Jul 12, 2016, 3:07 AM UTC

hueving wrote: post #113

branchless wrote: post #79

Earlier quoted context omitted.

The system of usury against land ensures that land costs adapt to absorb all available income after food/clothing/energy costs have been accounted for. Why is silicon valley more expensive to rent in? Because people came with money and the banks agreed to loan at a multiple of the new wage ceiling. If wages increase x4 guess what will happen? We need to stop banks creating debt to issue against land otherwise it will…

>Why is silicon valley more expensive to rent in? Because supply and demand. High salaries attract a lot of people to the bay and communities systematically refuse to build new housing to meet the demand so the price goes up. You can do whatever you want to the banks but that won't change the fundamental of 2X people trying to live in X houses.

Silicone valley is mental. I wouldn't want to live there just because of the gentrification..