Earlier quoted context omitted.
You’re right, but you’ve only got half the truth. Bay Area devs are overpaid and European devs are underpaid.
Also, a few years ago I had teams in multiple countries (South East Asia, India, Easter Europe, Western Europe, East and West Coast), all well paid (but not at FAANG levels). While their capacity was roughly similar, the West Coast ones were by far the more expensive ones, but also quite stressed out to make ends meet (buying a house, having a kid, putting them through school) compared to the other teams. Eastern Eur…
Because a well paid SW dev wages goes soooo much further in developing countries, you're basically a king as every other profession earns very poor in comparison, so home ownership is no issue.