4 ms·
Clearly downward? If you don't have to work at an office in the Bay Area why would you continue paying $3K/mo in Rent or praying your startup has a good exit so
by economicslol 6y ago
Clearly downward? If you don't have to work at an office in the Bay Area why would you continue paying $3K/mo in Rent or praying your startup has a good exit so you can pay $1M cash for a starter house?
- exmadscientist 6y agoNot clear at all. Effective WFH requires a bigger house, which would tend to favor remote areas. But partial WFH, where you're still in the office ~1 day/week on average, will push for _both_ larger and closer housing.
- bradleyjg 6y agoAn hour and a half commute five days a week is a brutal grind. Once a week it doesn’t sound so bad.
- ghaff 6y agoDefinitely. The Bay Area is a bit tougher to get out of really expensive housing depending upon where you work. But I'm (at rush hour) something like 90 minutes out of Boston whether driving or rail/subway. And housing is, if not depressed Midwest cheap, pretty reasonable in many towns that far out. That is, as you say, pretty brutal daily--which I never really had to do even when I worked in the city. But it's only a mild PITA once a week or so.
- Mvandenbergh 6y agoNot to mention that if you're in a day a week for specific meetings (vs it being your "office" the expectations about when you will arrive there are different. You may be able to travel during quieter hours which can be faster and less stressful.
- pmiller2 6y agoI WFH "effectively" in an 800 sq foot apartment. If I didn't have a dog, I could probably do so in less space.
- edmundsauto 6y agoFriends who works at FAANGs say their employers made it clear they would adjust comp downwards if employees were to transfer to new locations during WFH. (hasn't happened yet, but it sounds like that's what would happen if their employees moved to WFH from elsewhere). The calculation as to whether or not that's worth it would depend on the specifics.