5 ms·

> Albuquerque, NM This is not the only other option. Imagine telling an engineer, hey I'll pay you $500k a year in Atlanta, Miami, Philadelphia, Chicago, or Bo

> Albuquerque, NM This is not the only other option. Imagine telling an engineer, hey I'll pay you $500k a year in Atlanta, Miami, Philadelphia, Chicago, or Boston? Rent is immediately cut in half and some states have no income taxes. Their disposable income essentially triples.

dmode 7y ago
If you are still lying $500k, what’s the point of that move ? Also, network effect doesn’t change. I will never move out of SV/SF as I know I can walk down the street and get another $500k job
- friedman23 7y ago
  > If you are still lying $500k, what’s the point of that move ? I think you mistyped here. The point of the move is that $500k in San Francisco vs $500k in any other city in the US (except New York) result in substantially different qualities of life. $500k a year income in Miami can get you a mortgage on a 3 bedroom house and a boat. In SF, you get a mortgage on a 1 bedroom apartment.
  - ProfessorLayton 7y ago
    SF is expensive, agreed, but it is not so expensive that you need to pull 500k/year to get a mortgage. That income is enough to mortgage a 2.5M home — well above SF’s median home price— with no downpayment
  - neivin 7y ago
    Yeah, but then I would have to live in Miami. LOCATION LOCATION LOCATION!
  - majormajor 7y ago
    The company wouldn't move if it still had to pay 500K. 500K in SF gets you a smaller place and plenty of discretionary income. Companies in other places can often give you a house, but not match the discretionary income.
    - newfangle 7y ago
      Why not? Pay your engineers 500k in a medium cost of living city and you will have the best employee retention of any company once they get used to their quality of life.
      - peripitea 7y ago
        You probably won't be able to hire nearly the same quality of engineers. At least not at the same scale.
  - deleted 7y ago
    [deleted]
  - smileysteve 7y ago
    Atlanta compared to Miami, 500k can buy your 3 bedroom house and a boat on a lake.
- mbesto 7y ago
  > I will never move out of SV/SF as I know I can walk down the street and get another $500k job This. Those salaries are basically correlative to cost living * demand for resources.
pcwalton 7y ago
I wouldn't take it; I'd quit and go work somewhere else in the Bay Area. I have enough roots here in California that do a lot more for my quality of life than an extra two bedrooms in my house would. (And a boat? What a maintenance nightmare that would be! If I owned one, I'd pay someone to get rid of it.)

dmode 7y ago

If you are still lying $500k, what’s the point of that move ? Also, network effect doesn’t change. I will never move out of SV/SF as I know I can walk down the street and get another $500k job

friedman23 7y ago
> If you are still lying $500k, what’s the point of that move ? I think you mistyped here. The point of the move is that $500k in San Francisco vs $500k in any other city in the US (except New York) result in substantially different qualities of life. $500k a year income in Miami can get you a mortgage on a 3 bedroom house and a boat. In SF, you get a mortgage on a 1 bedroom apartment.
- ProfessorLayton 7y ago
  SF is expensive, agreed, but it is not so expensive that you need to pull 500k/year to get a mortgage. That income is enough to mortgage a 2.5M home — well above SF’s median home price— with no downpayment
- neivin 7y ago
  Yeah, but then I would have to live in Miami. LOCATION LOCATION LOCATION!
- majormajor 7y ago
  The company wouldn't move if it still had to pay 500K. 500K in SF gets you a smaller place and plenty of discretionary income. Companies in other places can often give you a house, but not match the discretionary income.
  - newfangle 7y ago
    Why not? Pay your engineers 500k in a medium cost of living city and you will have the best employee retention of any company once they get used to their quality of life.
    - peripitea 7y ago
      You probably won't be able to hire nearly the same quality of engineers. At least not at the same scale.
- deleted 7y ago
  [deleted]
- smileysteve 7y ago
  Atlanta compared to Miami, 500k can buy your 3 bedroom house and a boat on a lake.
mbesto 7y ago
> I will never move out of SV/SF as I know I can walk down the street and get another $500k job This. Those salaries are basically correlative to cost living * demand for resources.

pcwalton 7y ago

I wouldn't take it; I'd quit and go work somewhere else in the Bay Area. I have enough roots here in California that do a lot more for my quality of life than an extra two bedrooms in my house would. (And a boat? What a maintenance nightmare that would be! If I owned one, I'd pay someone to get rid of it.)