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How long until tech companies need to start offering free housing to attract talent to move to SF? Even with the higher salaries, high enough to afford the sam
by quantumhobbit 10y ago
How long until tech companies need to start offering free housing to attract talent to move to SF?
Even with the higher salaries, high enough to afford the same caliber home, the stress of dealing with that market is a turn off. What if it turns out to be a bubble and the million dollar shack you bought is only really worth $200k. You could be trapped with an underwater mortgage easily. Not that I know if it is a bubble or not, but that is a large amount of risk that the employer is expecting the employee to take.
Which is why I wonder if you tried to shift the risk. Say, give up 30%(the supposed standard amount spent on housing) of salary in exchange for the company providing housing.
- throwaway049 10y ago"the stress of dealing with that market" I could easily imagine a compensation package where the employer provides/pays for some kind of concierge-like service to take care of this for you. I would be stunned if there was more than token provision or uptake of company-provided accommodation.
- serge2k 10y ago> How long until tech companies need to start offering free housing to attract talent to move to SF? To do that they would have to build housing, and if you get permission to start building then you don't need to give it away as things should start to correct themselves. NIMBYs don't want that though.