Live data from Hacker News

San Francisco Bubble

blog.larrold.com

341–350 of 393 posts

Re: San Francisco Bubble

#341
post #91

Earlier quoted context omitted.

Ad hominem

The author complains about that behavior, labeling it a sign of how 'spoiled' engineers are. The author also engages in this behavior. Pointing this out, and labelling it hypocrisy, does not constitute an ad hominem attack. Because what the author has done is the definition of hypocrisy.

It's actually the exact definition of ad hominem tu quoque.

Re: San Francisco Bubble

#342
post #218

Earlier quoted context omitted.

I agree with everything you said but I think you're underestimating the importance of fighting lifestyle inflation at all costs. It's incredibly hard to justify a six-figure burn rate under any circumstances, even in San Francisco. If you've got a job making multiples of the median household income in the US, it's incredibly irresponsible to live in a manner that wouldn't support a pretty major pay cut at any point.

Young developer here. The "lifestyle inflation is evil" mantra never made sense to me. The definition I usually find is "living better than a college student once you are a working professional," so apologies if you mean something different. I was raised to save 15% for retirement, to never carry a credit card balance, to build a 6 month emergency fund, etc. All of these priorities come first. But, after they are fun…

Yes, but you forget the protestant work ethic is strong in America. The more you suffer and the less money you make, the better of a person you are. Fucking-A hiring managers, no one is here to be "the salt of the earth", we're here for a paycheck and some mental stimulation.

Re: San Francisco Bubble

#343
post #62

This is why the free market is so great. 1. Everything too expensive? Good, don't live here, eventually enough people will leave to drive all of the costs back to other market norms. 2. Dumb startups? Good, they will fail, people won't be able to afford to live here and they'll leave. 3. People are spoiled? Uber is cheaper and more convenient in some cases than taking the local transportation. When people stop taking…

Your points are great and all, but what about the local folks that the engineers displaced? The people who has lived in SF for decades, contributed to its wonderful culture but failed to catch on to the tech boom. After being pushed out by the high living cost you cannot just expect they will seamlessly move right back when the prices/market calibrates to normal.

Re: San Francisco Bubble

#344
post #75

Earlier quoted context omitted.

Yea no kidding. "AppNexus helps brands connect with consumers, empowering agencies and advertisers with a uniquely powerful approach to programmatic online advertising." Thanks for working on Ad Tech, the very thing that powers this bubble by trading attention as a commodity. Other people work on silly startups, but this shit is akin to HFT.

Unless microtransactions for content take off, and they haven't, ad tech is necessary to incentivize content on the web. 90% of the websites you read could not exist without the ecosystem that appnexus is a big player in. Hacker News, being one big ad for ycombinator, doesn't need to bother. So he's doing a real thing that provides real value to the web. And it's actually a sustainable business, to boot. Lastly, ther…

We would be ok without 90% of websites. Too much redundancy and junk content.

Re: San Francisco Bubble

#345
post #62

This is why the free market is so great. 1. Everything too expensive? Good, don't live here, eventually enough people will leave to drive all of the costs back to other market norms. 2. Dumb startups? Good, they will fail, people won't be able to afford to live here and they'll leave. 3. People are spoiled? Uber is cheaper and more convenient in some cases than taking the local transportation. When people stop taking…

> This is why the free market is so great. I feel like I should just make this my email/social media signature since I say it so often: A perfect requires these things: - Perfect market information - No participant with market power to set prices - Non intervention by governments - No barriers to entry or exit - Equal access to factors of production - Profit maximization - No externalities The less you have those, th…

Great points. Also a "free" market in practice will always tend to lead to extremes. For example, monopolies naturally form when economic power start becoming concentrated. That's why government regulations were put in place.

Re: San Francisco Bubble

#346

Earlier quoted context omitted.

It's the dotcom stuff all over again. I remember interviewing some guy who wanted to be my VP of engineering. Have you ever fired anyone? "Nope" Have you ever shipped a product and supported it for more than a year? "Nope" Do you have any quality engineers that would come with you? "Nope" Have you ever managed a manager? "Nope" I noped his ass out the door. Fear not, this craziness will pass.

You can thank companies giving out VP or Director titles to their first technical hires for that. At my last company, my boss was the first technical hire. His title was Director of Software Engineering. He got that title and the responsibilities that came with it solely because he was the first technical hire. He had no management experience at all. He was a great engineer, but he couldn't manage his way out of a pa…

I wish there was a popular Rate my Manager site like Rate My Professor. Or companies at least took the time to poll people anonymously about their managers and took action against it. Managers make or break your experience at work.

In my experience, once you are in management it takes a hell of a lot more fuck-ups before you are ousted.

Re: San Francisco Bubble

#347

Earlier quoted context omitted.

He has his strengths. He produces exceptional quality code (albeit a bit on the spaghetti side) and is good at finding problems in code. He is also 63 and has decades of experience.

It's a challenge for me to imagine "exceptional quality code" with "albeit a bit on the spaghetti side". Can you elaborate?

It covers a lot of corner cases, it is fast, it is robust, and produces good quality data. Only thing is it is hard to navigate.

Re: San Francisco Bubble

#348
post #84

Earlier quoted context omitted.

I moved from The Bay Area to NYC. Things I miss about The Bay Area include: meetups where the attendees are actually useful people you want to talk with, more similar developers (NYC developers tend to have +20 years on SF developers unless you're at a we-only-hire-22-year-olds startup), developers more plugged in to current trends instead of just getting on board with what was introduced 5 years ago, in NYC every ot…

What do you like about NYC? I spent a couple weeks there recently, to which I was really looking forward since I had never been there, and after about a week I loathed the noise, the garbage everywhere, and the lines at all the stores. Shortly thereafter, I caught the Norovirus from delivered food and I was knocked out physically and mentally for almost 2 weeks. What did I like? Seeing a few famous landmarks, a coupl…

What I like: not needing a car (no car payment, no car insurance), any event (concert/meetup/parade/show/etc) is only 20-30 minutes away door-to-door and you don't need to park since you have no car, central park is okay (but it's no red rocks or la honda), you'd think having 6 million people within a 6 mile radius would make it easy to meet people but... not so much, housing prices are (supposedly) less than SF but it's still painful, tons of non-chain places to eat, my 300+ Mbps home Internet access for $80/month, can be at any airport in about 30 to 60 minutes (taxi to LGA or subway+airtrain to JFK or nj transit+airtrain to EWR), etc.

I've done the whole norovirus dance once too. It really does knock you out for a week or two. (I started feeling sick when walking around outside one morning, decided to take the subway back home, the first sickness struck while waiting for the train—I just had to throw up on the subway tracks. Pretty awful. Some nice bystanders gave me an unopened bottle of water they had with them which was nice.)

Re: San Francisco Bubble

#349
While I agree with the sentiment, the attitude of the post is appalling.

> This reminds me of the first dot com bubble where people with degrees from devry were joining companies and making big salaries

Why do you care about where people got their degrees from? What does that have to do with commanding a high salary or not? If the people seem to be overpaid for what they do, fine. But that has nothing to do with their degrees. Or even their abilities.

Re: San Francisco Bubble

#350
post #266
post #218

Earlier quoted context omitted.

I agree with everything you said but I think you're underestimating the importance of fighting lifestyle inflation at all costs. It's incredibly hard to justify a six-figure burn rate under any circumstances, even in San Francisco. If you've got a job making multiples of the median household income in the US, it's incredibly irresponsible to live in a manner that wouldn't support a pretty major pay cut at any point.

A 6 figure burn rate is what's required to own property in or near sf. Take a modest $900k 3 bedroom condo: it costs nearly $5k/mo in mortgage (even with a sizable downpayment), insurance, taxes, and maintenance. And you haven't eaten yet, or owned even a single car.

At 3.92% interest rate for 30-years fixed with a 20% downpayment that's about $3,400/mo and at $900k property tax is another $6k/year, insurance is less than $100/mo so you net out at less than $4k/mo in PITI. And maintenance you'd hope to check what's wrong with the house before you buy but a new roof costs about $20k so unless you replace a roof a year I doubt you'll be spending over $1000/mo for maintenance, at least I'm not. And 20% is not a sizeable downpayment but the minimum to not have to pay mortgage insurance, a sizeable downpayment is 30%, which in a 30 years fixed means paying less than $3500/mo PITI. Of course if you go with ARMs you'd end up paying even less since interest rates are even lower there. If you can afford the downpayment you'd be paying less than rent in SF most of the time.
Post reply on HN