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Imagine that (£70k senior), but instead of somewhere else in the UK, it's somewhere in Europe. In Munich, Germany (one of the priciest cities in Germany), the

Imagine that (£70k senior), but instead of somewhere else in the UK, it's somewhere in Europe. In Munich, Germany (one of the priciest cities in Germany), the overall average rental price is €700 for a one-bed apartment[0]. Compared that to London, a one-bedroom apartment rent is going to cost you over £1000! €1178.48 euros![1] In Eastern Europe, you can have a very good quality of life for even cheaper. The only problem is the language barrier. I live in Sofia, Bulgaria, and pay €340 euros for a 2-bedroom flat in a pretty nice area of the city. A coffee costs around 2 лв (about €1), average pint around 3.80 лв (about €2). With a London software engineering salary, I save a drastic amount of money compared to London, and can usually afford to go to more restaurants, bars and outdoor activities (Love that I can ski just 20 mins away in the mountains!) I assume it would be similar for people who can work remotely for a San Francisco company but live in a different state? [0] https://www.expatrio.com/living-germany/costs-living-germany/costs-housing-germany https://www.expatrio.com/living-germany/costs-living-germany... [1] https://www.london.gov.uk/what-we-do/housing-and-land/improving-private-rented-sector/london-rents-map https://www.london.gov.uk/what-we-do/housing-and-land/improv...

zvr 5y ago
Ahem. €700 in Munich gets you a room in shared accommodation. €1200 would still be a pretty good deal.
- alexandargyurov 5y ago
  That's pretty similar to London, I wasn't aware Munich had got so expensive!
askonomm 5y ago
Oh yeah! I work for a Swedish company and live in South America. Just for some perspective, I make quite a few times _more_ than the president where I live. Albeit this all comes at a cost of some things like lacking tech advancements and lots of corruption and things just not working as well as they do in EU, but overall, can save a ton of money all while not sacrificing life quality and being able to go out and do fun stuff without having to think about money much.
hiptobecubic 5y ago
Companies in the US realized that up until a year ago, they didn't have to pay SF salaries to people who aren't in SF, because most cities don't have so many tech jobs laying around that you have to literally flag recruiters' as spam. Post-covid, where many companies are allowing remote work, it's not at all so clear cut for them. You don't need to leave your hometown and move to a booming tech industry anymore, so paying people who live outside the bay as if they have no other options is resulting in a lot of the big tech companies' hiring pipelines drying up. Hopefully they figure it out

zvr 5y ago

Ahem. €700 in Munich gets you a room in shared accommodation. €1200 would still be a pretty good deal.

alexandargyurov 5y ago
That's pretty similar to London, I wasn't aware Munich had got so expensive!

askonomm 5y ago

Oh yeah! I work for a Swedish company and live in South America. Just for some perspective, I make quite a few times _more_ than the president where I live. Albeit this all comes at a cost of some things like lacking tech advancements and lots of corruption and things just not working as well as they do in EU, but overall, can save a ton of money all while not sacrificing life quality and being able to go out and do fun stuff without having to think about money much.

hiptobecubic 5y ago

Companies in the US realized that up until a year ago, they didn't have to pay SF salaries to people who aren't in SF, because most cities don't have so many tech jobs laying around that you have to literally flag recruiters' as spam. Post-covid, where many companies are allowing remote work, it's not at all so clear cut for them. You don't need to leave your hometown and move to a booming tech industry anymore, so paying people who live outside the bay as if they have no other options is resulting in a lot of the big tech companies' hiring pipelines drying up. Hopefully they figure it out