5 ms·
This makes me stop to reflect on the question of how much money does one really need? Surely at least enough to cover your basic needs like food and shelter. T
by cactus2093 7y ago
This makes me stop to reflect on the question of how much money does one really need?
Surely at least enough to cover your basic needs like food and shelter. To be housing secure it seems reasonable to want to buy rather than just rent. It’s wild that this is one of the hottest, highest paying industries, and most of the people in this thread working in SF couldn’t afford to do so (by some napkin calculations it takes $333k a year in SF to afford to buy a house [1]).
I don’t think most people fully appreciate how extreme of a change this new reality is. I think most would agree with my initial premise, that you should be able to be housing secure from your job. But they’d also say that $300k+ is an absurd amount of salary, surely you must just be very greedy if you think you need that much. And oh btw all market rate housing is evil, we should only build subsidized affordable housing.
So even though sf salaries are the highest in this list, almost all of these people still have a reasonable argument that they need to be paid more to meet their basic needs given the current situation.
[1] https://sf.curbed.com/2018/5/16/17361746/salary-needed-buy-home-house-san-francisco-2018-california https://sf.curbed.com/2018/5/16/17361746/salary-needed-buy-h...?
- kube-system 7y agoSituations like this make me wonder how much money there is to be made by going remote.
- k__ 7y agoI live in Germany and work for US companies, which is quite lucrative. I only work a few months a year.
- mus1cfl0w 7y agoMind elaborating on this?
- k__ 7y agoWith US payments Germany is rather cheap. If you make >100€/hour and only need 20k€/year you can calculate how much hours you need to work a year to pay for everything.
- FartyMcFarter 7y agoAre you a consultant? How specialized are you, and how do you find projects?
- k__ 7y agoI'm blogging for 3 years now and wrote a book about React, so projects are mostly coming to me. At the moment I try to make a living by blogging (mostly ghostwriting) less risk than software development, okay-ish pay and flexible work. I also got a teaching gig at a university here, teaching frontend and mobile development. When I started, I found projects by simply looking online for offers and write emails to companies.
- ghaff 7y agoThe prime parts of the Bay Area have long been relatively expensive. I was recruited a few times in the mid 90s and one reason I ended up deciding to stay put was that, even with higher salaries than I was making, I'd have taken a net hit overall. Of course, neither the housing prices nor the salaries on offer were anywhere near today's levels.
- IggleSniggle 7y agoI agree with all of your arguments except the last one. 1) you should be able to be housing secure from your job 2) $200k+ is an absurd amount of salary The solution isn't paying MORE salary to further inflate real estate costs and price out ever more service workers that you depend on as a city. The solution is opening offices in one of the many LCOL tech hubs and/or having a remote-first culture. Open an office in Kansas City (for network infra secret advantages) or Baltimore (for ed/med/gov/NYC access at low cost) or, if you're hiring new grads anyway, any random "big university" town, and see what kind of crazy talent you can attract and retain with 100k. Real estate prices should not be driving costs for a software company. It's insane.