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Here is one example that I'm aware of. I have friends who live in Baltimore and make over $200k+ as software engineers. One guy likes to be thrifty so he boug
by pmorici 9y ago
Here is one example that I'm aware of.
I have friends who live in Baltimore and make over $200k+ as software engineers. One guy likes to be thrifty so he bought a house for $150k because it was cheaper than renting. You can't tell me that he would be better off in SF. He would need to be making over $300k to be in a similar financial position. No Startup is going to pay him that kind of money.
I agree the weather is often nice and I love visiting SF but that's a non financial reason.
- askafriend 9y agoIf your friend is really pulling in $200k+ in Baltimore, and the reason is because he is very experienced and talented, I can promise him there is a $300k+ compensation package waiting for him in SF. $200k is just a bit above new grad comp at a place like Google or Facebook. If he values home ownership, then Baltimore is much better situation for him for sure. If he doesn't, then it becomes much more of a tossup at that point and more variables come into play.
- pmorici 9y agoWe aren't talking about Google and Facebook. We are talking about a _startup_ I don't doubt that Google Facebook, Apple, etc... pay that much.