6 ms·

I’m currently living rent free at my parents place in Palo Alto. Can you imagine how much more Facebook would pay me than someone renting in a poorer neighborho

I’m currently living rent free at my parents place in Palo Alto. Can you imagine how much more Facebook would pay me than someone renting in a poorer neighborhood?

taurath 6y ago
This is an extremely important point. Everyone will rush to the cheapest part of the most expensive areas.
- nojito 6y ago
  This is literally how gentrification starts.
- harryh 6y ago
  While the cost of rent is certainly one aspect of where people choose to live, it certainly isn't the only aspect. Tons of people choose to pay more to live in more expensive areas because they find them nicer to live in.
  - taurath 6y ago
    And people who want to retire early or buy rather than rent but still live in a nice area will flock to low income areas now that they don’t have to commute into the office.
- belltaco 6y ago
  Isn't that already the case regardless of remote work? You get paid more in expensive areas, and want to minimize your costs.
- sershe 6y ago
  How is East Palo Alto doing? Serious question, when I was still in SFBA I think the houses there were 2 times cheaper than across the highway and the joke was the weather forecast goes "Palo Alto sunny, East Palo Alto sunny, stray bullets". I was wondering if I should buy a rental house then (~2013)...
  - taurath 6y ago
    East Palo Alto is minimum $1mm homes now. Unaffordable to anyone not in tech.
- ukoki 6y ago
  Yep, adjusted for local taxes. Best strategy is to find a high CoL area with a low taxes and low CoL subregions.
bradlys 6y ago
I presume there won't be an adjustment based on which specific city you're living in but more based on the general region. The Bay Area will likely have the same salary band all around regardless if you're in Oakland or Palo Alto. After all - once you do that then where is the line drawn? For instance, some areas of Palo Alto are much more expensive than others. Maybe they should start scaling based on how much rent you have to pay. ;)
- OceanKing 6y ago
  Maybe they should, actually - I am surprised they’re not.
  - HaloZero 6y ago
    It's probably too complicated to verify. Zipcode and residence address are just easier.
  - bradlys 6y ago
    Well - if they did then I'd start renting a much bigger/nicer place instead of the hellish in-law unit I have. (Cheapest thing I can find in San Carlos) After all - they're gonna pay me more then, right? Here I come - $15000/month Woodside villa!
- slim 6y ago
  maybe they should pay your rent? or why not construct barracks for their employees?
globular-toast 6y ago
Well, living with your parents is, of course, going to save you a lot of money. But you're living with your parents. I do wonder about the opportunity for fraud, though. I bet a lot of young developers will, all of a sudden, start living in their parents houses.

I’m currently living rent free at my parents place in Palo Alto. Can you imagine how much more Facebook would pay me than someone renting in a poorer neighborhood?

taurath 6y ago

This is an extremely important point. Everyone will rush to the cheapest part of the most expensive areas.

nojito 6y ago
This is literally how gentrification starts.
harryh 6y ago
While the cost of rent is certainly one aspect of where people choose to live, it certainly isn't the only aspect. Tons of people choose to pay more to live in more expensive areas because they find them nicer to live in.
- taurath 6y ago
  And people who want to retire early or buy rather than rent but still live in a nice area will flock to low income areas now that they don’t have to commute into the office.
belltaco 6y ago
Isn't that already the case regardless of remote work? You get paid more in expensive areas, and want to minimize your costs.
sershe 6y ago
How is East Palo Alto doing? Serious question, when I was still in SFBA I think the houses there were 2 times cheaper than across the highway and the joke was the weather forecast goes "Palo Alto sunny, East Palo Alto sunny, stray bullets". I was wondering if I should buy a rental house then (~2013)...
- taurath 6y ago
  East Palo Alto is minimum $1mm homes now. Unaffordable to anyone not in tech.
ukoki 6y ago
Yep, adjusted for local taxes. Best strategy is to find a high CoL area with a low taxes and low CoL subregions.

bradlys 6y ago

I presume there won't be an adjustment based on which specific city you're living in but more based on the general region. The Bay Area will likely have the same salary band all around regardless if you're in Oakland or Palo Alto. After all - once you do that then where is the line drawn? For instance, some areas of Palo Alto are much more expensive than others. Maybe they should start scaling based on how much rent you have to pay. ;)

OceanKing 6y ago
Maybe they should, actually - I am surprised they’re not.
- HaloZero 6y ago
  It's probably too complicated to verify. Zipcode and residence address are just easier.
- bradlys 6y ago
  Well - if they did then I'd start renting a much bigger/nicer place instead of the hellish in-law unit I have. (Cheapest thing I can find in San Carlos) After all - they're gonna pay me more then, right? Here I come - $15000/month Woodside villa!
slim 6y ago
maybe they should pay your rent? or why not construct barracks for their employees?

globular-toast 6y ago

Well, living with your parents is, of course, going to save you a lot of money. But you're living with your parents. I do wonder about the opportunity for fraud, though. I bet a lot of young developers will, all of a sudden, start living in their parents houses.