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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
by 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 agoSF 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 agoYeah, but then I would have to live in Miami. LOCATION LOCATION LOCATION!
- majormajor 7y agoThe 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 agoWhy 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 agoYou 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 agoAtlanta 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.