IrishNinja
Member
oh good, plan on owning land inside of 5 years so at least half of that should be grand! and after that? SEASIDE PROPERTY
+1, he stays singing that tune like everyone should want the same thing, or lives in comparable areas
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$1 Million Homes Becoming Common in Some Cities, Especially on West Coast
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oh good, plan on owning land inside of 5 years so at least half of that should be grand! and after that? SEASIDE PROPERTY
+1, he stays singing that tune like everyone should want the same thing, or lives in comparable areas
it's probably more than you think
unholyrevenger72
Banned
Actually they will, people go to where the work is.
If you're a badass, all star programmer, you can pretty much dictate your terms. Unless the start up has some especially appealing quality that lines up with their interests, most people ain't gonna move to Omaha.
cpp_is_king
Member
Yeah, and all the work is in SF
Strange, none of Google, Facebook, Netflix, Intel, nVidia, or Apple are in SF
(ignoring satellite offices)Assuming you are actually a badass programmer, the work is wherever you want it to be. Nobody is going to Nebraska, lol.
Strange, none of Google, Facebook, Netflix, Intel, nVidia, or Apple are in SF
it's hard to tell if people are conflating SF as "the bay area" or "silicon valley" sometimes.
nevertheless, the areas that all of the companies you mentioned are in are freaking expensive too. my 2 bedroom in San Jose is $3500 a month
cpp_is_king
Member
I know, but earlier in this thread when people mentioend paying $5k / month for a 2br in SF, I said "You can move to San Jose and pay that much on a mortgage of a 4 bedroom 1.2 million dollar house in a nice neighborhood and double your money in 10 years", and then people responded by saying "Yea, but all the jobs are in SF. Next you're going to be telling people to move to a different state".
It's almost like people in the thread have no idea what they're talking about or something.
thisisneogaf.gif
making issues worse is the big tech companies that AREN'T in SF paying for giant shuttle buses to transport people living in SF to the Valley
so lots of people living in SF when they actually work in Sunnyvale or some shit
What is going to happen is continued brain drain and loss of jobs inside cities themselves and greater urban sprawl further and further out.
I know people who now live on the fringes of Delta, South Surrey, Langley, even Abbotsford who have to commute to jobs in Vancouver. With population growth (primarily immigration rates staying high) coupled with allowing millions of mainland chinese elite to purchase houses from overseas, you're going to see it get a lot worse than it gets better. Don't know why the government thought requiring 20% down would make it easier. As if millions of Canadians have 20% of 600k to put down.
There is probably going to be more millionaires in China and soon India than the entire populations of countries like Canada and Australia.
I know people who now live on the fringes of Delta, South Surrey, Langley, even Abbotsford who have to commute to jobs in Vancouver. With population growth (primarily immigration rates staying high) coupled with allowing millions of mainland chinese elite to purchase houses from overseas, you're going to see it get a lot worse than it gets better. Don't know why the government thought requiring 20% down would make it easier. As if millions of Canadians have 20% of 600k to put down.
There is probably going to be more millionaires in China and soon India than the entire populations of countries like Canada and Australia.
unholyrevenger72
Banned
So you're saying most to every programmer is a bad ass all star programmer.
AstroNut325
Member
If I go 1.5 miles north of my new house, it's all $1+ million homes. So close, yet so far! 
cpp_is_king
Member
you usually can't command the large silicon valley wage if you aren't actually living there. don't get me wrong you'll still make a decent amount of money. I have colleagues that moved to north carolina or austin and while keeping the same job but had to take a pay cut
funny story, there was a moment there where my Atlanta, GA job was considering matching my new Silicon Valley salary to get me to stay and my wife and I actually considered it, would have been rich as fuck but ultimately I just couldn't pass up my dream job
SynthFetish
Member
Omaha is pretty rad, I'd move back if I could get a badass job.
I miss having a 3BR house with $800/mo mortgage
Both my wife and I do, so do we count as one or two?
Way more people on GAF than you think. Let me remind you of the Gaming Setup thread.
Hey, the thread was even started by GAF's favorite urban champion, Tabris!
Id imagine many do here. I'm close but not there yet. Wife will be when she's done with school. I live in a low cost city so I can't even imagine spending that much on a place.
cpp_is_king
Member
Especially since we're in a thread that has a large portion of Bay Area people. I'd wager there's a fair number of $200k+ people in here.
cpp_is_king
Member
What matters is what you report on your taxes
damn you're right
cpp_is_king
Member
I mean RSUs count, at least the percentage of them that are vesting each year, because that's basically cash in your pocket. So if you have say $100k in RSUs vesting over 4 years, that's $25k / year you can add to your base.
Depends on the company; most want you in the office, at least most of the time, and especially start ups.
Also, SV unicorns wages are just on the upper end of the industry scale; it's the stock and options that make you the crazy money (if and when said unicorn goes public anyway), not the salary.
AlteredBeast
Fork 'em, Sparky!
100k isn't as much as you think. I support a family of 5 on 100k and we do not live an extravagant lifestyle, even in an area where the cost of living is much, much lower than in places like NYC, SF, London, Sydney, etc.
Barrel Cannon
Member
And I thought we had it bad in GTA(greater Toronto Area). Toronto is somewhere up there with the average detached houses selling for over 1.2mill. The GTA still is under a mill for the average detached. I don't know if I'll ever have my own house fully paid off in my lifetime .
It makes me wonder how much stuff a lot of people must be forgoing just to live out there in these major cities.
.It makes me wonder how much stuff a lot of people must be forgoing just to live out there in these major cities.
As a fellow GTAer... the solution is move to the 'burbs. You have plenty of options west, north and east of the city depending on which side is more convenient for you and housing prices are much more reasonable. They are increasing though, I bought my home for $390k nine years ago, and now (after a major renovation) it is worth more than $700k.And I thought we had it bad in GTA(greater Toronto Area). Toronto is somewhere up there with the average detached houses selling for over 1.2mill. The GTA still is under a mill for the average detached. I don't know if I'll ever have my own house fully paid off in my lifetime
It makes me wonder how much stuff a lot of people must be forgoing just to live out there in these major cities.
Kite
Member
The cost of living is far lower in Austin and NC so the pay cut would likely be worth it.
sure I'm just saying don't expect to get a Silicon Valley wage while working remote
I guess that depends on what is considered to be a "Silicon Valley wage".
My company is moving to an optional remote working arrangement because they were losing staff to other companies with more flexible work arrangements. That, and the high cost to maintain office space in the downtown core (Toronto), so instead of having wasted space we are going to have hotel stations that are reserved instead of assigned desks, but you can work remotely whenever you wish.
This policy will (mostly) be applicable to anyone at any level, so I would imagine some who have higher salaries will also take advantage of it. It certainly makes my 'burbs life easier, although my commute time is no longer from here than it was in the city when you consider traffic and congestion.
I mostly meant living in a completely different state with totally different costs of living. I.E. moving from Silicon Valley to Austin but still working for a team in silicon valley
cpp_is_king
Member
Your salary will be adjusted for cost of living based on where you actually live. If you live in Nebraska but work remotely for a company in Silicon Valley, you will get a Nebraska wage. A good one (assuming the Silicon Valley one was "good", but you're not going to be making double what other people in Nebraska make or anything
eddie4
Genuinely Generous
I'm pretty much close to it. If you count "household" income, then i'm over.
edit: prices in Portland are getting ridiculous tho
Zoe
Member
Companies who allow working from anywhere usually match your salary to your local cost of living. I know several people from Dell who have gotten cost of living adjustments (up or down) during their annual evaluations.
Edit: beaten
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Edit: beaten
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Starting salary at my company for someone fresh out of school with an MBA or Masters is around 110k after bonuses. (Washington DC). I'm guessing pretty much everyone even considering a home in NYC, SF, or DC makes over 100k and probably has a household income closer to 200k if they're even looking at single family homes.
Barrel Cannon
Member
Not really feasible for me to get a house anywhere because of the current prices. I decided last month to get a pre-construction condo in Markham as that would give me enough time to save up enough money to pay a good chunk of it down and it's close enough to highways/Subway station(GO) to travel for work.
Also I wish prices were as good as they were 9 years ago. At that time I was still in high school still a naive child thinking the world was all sunshine and that I'd be raking in cash and already have a property under my name.
Sure, that is a bit different than just not needing to go into the office. Not every company handles cost of living adjustments the same however. My wife's company bases it on the value of local clients, so salaries are higher in Toronto than Vancouver for example, despite Vancouver having a higher cost of living.
No reason to rush into ownership until you are ready. We rented for almost seven years after we got married before buying our place.
Also, anywhere along the Lakeshore GO lines (East or West) is great for commuting into the city, assuming you work in the downtown core at least. I'm ~45 minutes to the office from Whitby, which is less than my commute was when I lived in the city (Etobicoke).
many places
Member
Texas to Florida is really the Gulf Coast or Third Coast.
I just turned 31 and on sunday I bought a 'house' in Vancouver.
It's a 10 year old, 1500sqft townhouse in suburbia. It's a 60 minute commute to my office in downtown Van.
It cost me half a million dollars.
Never in my life did I ever think I'd own any type of dwelling for half a million dollars.
Now I'm 31 and I've got another 25 years to pay this fucker off...
I don't know why I'm telling you this but I saw this thread and felt I needed to vent.
EDIT: I saw the post on 'who earns more than $100k?' - I do. I don't have a college education and I moved to Vancouver when I was 19 on my own without any family or friends here. I earn $150k a year (plus bonus'). I still feel incredibly poor in this place. Lambo's, Ferrari's and Porsche's all over this city being driven by people 10 years younger than me...
It's a 10 year old, 1500sqft townhouse in suburbia. It's a 60 minute commute to my office in downtown Van.
It cost me half a million dollars.
Never in my life did I ever think I'd own any type of dwelling for half a million dollars.
Now I'm 31 and I've got another 25 years to pay this fucker off...
I don't know why I'm telling you this but I saw this thread and felt I needed to vent.
EDIT: I saw the post on 'who earns more than $100k?' - I do. I don't have a college education and I moved to Vancouver when I was 19 on my own without any family or friends here. I earn $150k a year (plus bonus'). I still feel incredibly poor in this place. Lambo's, Ferrari's and Porsche's all over this city being driven by people 10 years younger than me...
Likely inherited wealth in a lot of cases, especially in Vancouver (see http://mobile.nytimes.com/2016/04/13/world/americas/canada-vancouver-chinese-immigrant-wealth.html).
Yeah, you're absolutely right.
It's quite easy to feel isolated as a working stiff in town when there's so much new money rolling around.
milanbaros
Member?
Maybe you would be happier if you got some perspective. You earn $150k plus. That doesn't make you incredibly poor anywhere. It makes you high income everywhere.
I make $0 dollars currently in income.
milanbaros
Member?
There is a reason houses are cheaper up North. Jobs pay less and there are fewer of them with less chance to progress for one.
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