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Moved to Reno, NV. Already sold all my property in the bay area and went back to renting. No state income tax in NV! and we have lake tahoe close by. I sold my
by newguy1234 6y ago
Moved to Reno, NV. Already sold all my property in the bay area and went back to renting. No state income tax in NV! and we have lake tahoe close by. I sold my property because I'm figuring that the bay area is going to be less appealing from a property investment stand point, so I cashed out while prices are still high.
I honestly don't see companies going back to in-office stuff, at least not as much as it was in the past. I could see meetings and stuff like that being in-person. My company has already basically transitioned to 100% online and our productivity has increased overall so no way we are going back to in-office working exclusively.
- laluser 6y agoWhat are you going to do if your company makes an adjusted cost of living to your compensation? My company is already advising people to come back near our address due to tax reasons.
- triyambakam 6y ago> What are you going to do if your company makes an adjusted cost of living to your compensation? Move to Hawaii? :)
- treve 6y agoIf you get a cost of living adjustment, you still live in a place with much lower cost of living which gives you way more flexibility. If 50% of income goes to rent, you burn right through your savings if you want some time off.
- simonebrunozzi 6y agoOr, you change jobs :)
- mtnGoat 6y agoI would file my resignation immediately if my employer tried to do "regional" pay. An employee is worth what they are worth, locale shouldn't effect that.
- treve 6y agoWhat's your definition of 'worth' though. Dev salaries are way inflated in very specific regions due to high demand and low supply. If location becomes less important, salaries will normalize... which means down if you're from the Bay area.
- mtnGoat 6y agoI'm all for normalizing pay, then all the talent won't go to the Bay, stack cash, then move back to middle America? Worth it determined by the market, of course.
- treve 6y agoYeah, I don't want to be an employee all my life.
- coffeemaniac 6y agoSome companies will base your new salary on "the market" for software developers in that area -- they are making a point of not including CoL in this calculation. So this is a good strategy if you're moving to another large software hub, less so if you're moving to a suburb right outside one.
- bradlys 6y agoReno is a very big change... Did you grow up there or? I’ve never really met anyone who said they were moving to Reno and works in tech (especially from the Bay Area). Also, how much did you sell in the Bay? I’m just kinda like... “why live in Reno if you sold Bay Area property and therefore could easily buy a house in Lake Tahoe proper...”