4 ms·

The Golden Handcuffs Were Inside of You the Whole Time

1 points by zuhayeer 5y ago

coderintherye 5y ago
> If you rent this 4br for $4,500 (perma) rent is $13,500 / year What?
- xyzzy123 5y ago
  For 1 bedroom...
  - coderintherye 5y ago
    It's not even correct for one bedroom where the author noted $1200/month which would be $14,400. It's also, frankly, just plain wrong. Just because a 4 bedroom house has 4 bedrooms doesn't mean people are renting those bedrooms out at that price. The actual average rent for a 1-bedroom in San Jose is $2,150 / month which is $25,800 / year. It's a shame this author has so many basic mistakes in their post as otherwise it is a valid discussion.
    - applieddivinity 5y ago
      Average rent for a 1-bedroom is not a good deal. It's much cheaper to rent a single room in a larger house or apartment. 4500 per month, divided by 4 rooms is $1125/month, not $1200. You can book the whole house and fill it with friends. But look, it really doesn't matter if you're paying $1125 or $1200, that has approximately 0 impact on the actual conclusions of this post.
      - coderintherye 5y ago
        The post which is about living the life you want to live has 0 relevance to the living costs and how you live and who you live with. The fact is that the average people are paying to live in the Bay Area is actually 2-4x what the author is claiming they pay. If you think that has no impact on the conclusion of the post then either you don't or have never lived here or you are delusional.
theamk 5y ago
That person has weird definition of "golden handcuffs" that that does not match the common meaning of the word. Investopedia says it well [0] > Golden handcuffs are a collection of financial incentives that are intended to encourage employees to remain with a company for a stipulated period of time. The last part, "stipulated period of time", is the key. The salary or perks that you get every month do not count as "golden handcuffs". The stock grants that vest over two years are. The most famous / egregious example are Uber's non-transferable options [1] -- you get millions of dollars but only if you stay with the company until IPO. [0] https://www.investopedia.com/terms/g/goldenhandcuffs.asp https://www.investopedia.com/terms/g/goldenhandcuffs.asp [1] https://news.ycombinator.com/item?id=11606299 https://news.ycombinator.com/item?id=11606299
- applieddivinity 5y ago
  Yeah, that's a very egregious and unusual example. That is not representative of what typical tech jobs are like.

1 points by zuhayeer 5y ago

coderintherye 5y ago

> If you rent this 4br for $4,500 (perma) rent is $13,500 / year What?

xyzzy123 5y ago
For 1 bedroom...
- coderintherye 5y ago
  It's not even correct for one bedroom where the author noted $1200/month which would be $14,400. It's also, frankly, just plain wrong. Just because a 4 bedroom house has 4 bedrooms doesn't mean people are renting those bedrooms out at that price. The actual average rent for a 1-bedroom in San Jose is $2,150 / month which is $25,800 / year. It's a shame this author has so many basic mistakes in their post as otherwise it is a valid discussion.
  - applieddivinity 5y ago
    Average rent for a 1-bedroom is not a good deal. It's much cheaper to rent a single room in a larger house or apartment. 4500 per month, divided by 4 rooms is $1125/month, not $1200. You can book the whole house and fill it with friends. But look, it really doesn't matter if you're paying $1125 or $1200, that has approximately 0 impact on the actual conclusions of this post.
    - coderintherye 5y ago
      The post which is about living the life you want to live has 0 relevance to the living costs and how you live and who you live with. The fact is that the average people are paying to live in the Bay Area is actually 2-4x what the author is claiming they pay. If you think that has no impact on the conclusion of the post then either you don't or have never lived here or you are delusional.

theamk 5y ago

That person has weird definition of "golden handcuffs" that that does not match the common meaning of the word. Investopedia says it well [0] > Golden handcuffs are a collection of financial incentives that are intended to encourage employees to remain with a company for a stipulated period of time. The last part, "stipulated period of time", is the key. The salary or perks that you get every month do not count as "golden handcuffs". The stock grants that vest over two years are. The most famous / egregious example are Uber's non-transferable options [1] -- you get millions of dollars but only if you stay with the company until IPO. [0] https://www.investopedia.com/terms/g/goldenhandcuffs.asp https://www.investopedia.com/terms/g/goldenhandcuffs.asp [1] https://news.ycombinator.com/item?id=11606299 https://news.ycombinator.com/item?id=11606299

applieddivinity 5y ago
Yeah, that's a very egregious and unusual example. That is not representative of what typical tech jobs are like.