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With the low interest rates cheap capital is accessible to selected companies. The cheap capital is used to acquire monopoly position instead of just competing
by xiphias2 8y ago
With the low interest rates cheap capital is accessible to selected companies. The cheap capital is used to acquire monopoly position instead of just competing for talent.
I don't think the biggest problem is that software engineers are under-compensated. It's more like assets are overpriced, so we're not able to buy houses.
- IMTDb 8y ago> It's more like assets are overpriced, so we're not able to buy houses. Do you realise that you can buy assets, and houses, outside of California ? I promise you that it's really really easy to buy a house as a software engineer.
- colek42 8y agoI live in a 2000 sq ft house that cost less than my annual salary. Both Texas and North Carolina come to mind as areas that have pretty good opportunities for tech and very low housing costs.
- thrower123 8y agoIf you get out of your bubble, assets are very much not overpriced. If remote work wasn't such a dirty word, one could live in places where nice houses sell for under 100k and taxes are negligible.