91–100 of 424 posts
Earlier quoted context omitted.
Forcing artificially low housing supply via legislation.
The land values are legit. That they cannot be amortized across many occupants is not.
One thing this doesn't mention is the pay cuts that happen if you do decide to relocate to cheaper areas. Both me and my Wife's company have pay bands based on geographical region(most employees know nothing about this and most companies employ these salary COL changes for relocation) and certain regions you can take a big pay cut. Say your salary in the bay area is 100k for example, move to the South, say Florida an…
What's the rationale for this?
Hopefully if enough companies start hiring remote workers, our leverage will go up.
It must be tempting to make even a short-term move out of the Bay area. If your lease is coming due and you were planning on looking for a new place anyway, why not move back in with family or get a short-term rental somewhere further out. Rents will likely be going down over the next few years, not up, so it's a terrible time to lock yourself into a new lease. And we can expect re-opening to happen slowly, so there…
I live in SF but rented a vacation rental for May and June. No point to live in my 600sqft condo when everything is closed and I can rent a 2000sqft house with a pool for small change.
Earlier quoted context omitted.
> young, no kids, etc There is your major reason for that survey result. Companies with median-older workforces will see more enthusiasm for remote work.
I read it the other way. Only people who are young with no distractions at home, favor working at home. People who usually have family members at home, get too distracted compared to a office environment, to prefer working at home.
Don't mix up "working from home" with "remote work", once you leave the city of your office.
I know at least a few people who would love to go live near their "core communities" from their youth, to rent their own little office downtown near the only diner with unlimited coffee, next to the two lawyers & one dentist.
And at least for a couple of them, they'd love to "commute" once a month out of Middletown/Discovery Bay, stay at the same motel 6 in Sunnyvale for a Thursday, Friday & expense it as business travel.
Though, a lot of this isn't about economics, but mostly about personal goals.
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Mid 30s, partner, two kids, will only work from home. Will not consider a commute or an office. Have worked remotely for almost a decade. Doing the math, I've saved almost 3360 hours by not having to commute (~2 hr/workday), not to mention wear and tear on a vehicle and the associated commute costs. When my office door is closed, everyone knows I'm "at work". If you don't have a separate physical space where you only…
==When my office door is closed, everyone knows I'm "at work". If you don't have a separate physical space where you only work, I can see how this might be a challenge.== Now add a partner who also works from home. Will the extra space (and hardware) needed to comfortably fit all these new home workers be another cost shifted from companies to employees? If my company wants me to work from home much longer; they need…
People won't continue making their current SF salary by working out of Farmville, Ohio. I think this point is missed by many I fully expect Twitter, for example, to come out with salary adjustment policies for people who want to work from home from an entirely different city and state
Salary based on your locale even though everyone is remote: hilarious. "Oh you live in Alabama you get 60k" "Oh you live in Manhattan on 65th street that is 150k". This will backfire into a political hell.
I'm pretty bearish on the pandemic actually leading to massive change in the number of people permanently working from home. My boss put out a survey a week or two ago among my org (30 or so people), and 70% said that they want to work from the office, full time, 20% said some time or most of the time, and 10% said fully remote. And this is a group of people that would be largely well suited to working from home duri…
It's a damn shame, really, the slavish devotion to one's car and spending hours a day sitting in traffic apparently is apparently preferred over actually getting time back in your everyday life. It's like people have adapted to having no life outside of work, and now they're just so bored they'd rather lose that time than just find a new hobby or learn something. I don't think I've ever thought about anything more de…
Let people do whatever they want! Adjust the system so people can actually choose how they would like to spend their days. This doesn't have to be a binary option - remote vs office! We have actually an opportunity to adjust the established system and build one that will be more versatile for people with families and folks in the middle class.
I'm really curious to know what is your position that you feel so damn empowered to judge people and group them into buckets of idiots? I'm really tired of people like you who feel so smart about the situation that they must push their points of view in every god damn post about remote work.
Desirable areas will always be (relatively) more expensive. Even if we see significant deflation (which is unlikely given the scale of money printing), these areas (NYC, SF) will probably remain expensive so long as they remain significant culturally and economically. When it becomes uncool to live in SF or NYC, then perhaps people will move to places like Wyoming en masse.
Most junior people in Silicon Valley live in cookie-cutter apartment buildings smack in the middle of a vast wasteland of anonymous subdivisions. Pull up some satellite views and take a look.
That's not desirable. It's just expensive.
One thing this doesn't mention is the pay cuts that happen if you do decide to relocate to cheaper areas. Both me and my Wife's company have pay bands based on geographical region(most employees know nothing about this and most companies employ these salary COL changes for relocation) and certain regions you can take a big pay cut. Say your salary in the bay area is 100k for example, move to the South, say Florida an…
What's the rationale for this?
They don't have to pay more in cheaper areas to attract candidates, so they don't.
I took a substantial paycut at Google when I transferred from the US to Germany, for example, even though I was doing essentially the same work.