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Yep. Which is why Boise, ID is the most expensive real estate market in the country. Remote work is coming with its own issues, rather than being the cure-all H
by N1H1L 5y ago
Yep. Which is why Boise, ID is the most expensive real estate market in the country. Remote work is coming with its own issues, rather than being the cure-all HN thinks.
In many places, such as East TN (Knoxville) remote workers are moving in with CA salaries. HN thinks that someone remote working from Knoxville, TN should be paid Bay Area salaries. However, Bay Area salaries are high for a reason. There are many Knoxville companies that can't compete with those salaries, which is why they set up Knoxville offices in the first place.
But now their employees are suddenly priced out - and no one is happy about it.
- 0x0nyandesu 5y agoThat's the thing. I make a bay area salary working for an east coast tech company. If silicon valley thinks they can pay less they are shooting themselves in the foot and talent will leave. They seriously want to cut salaries in this inflationary market? Lol.
- FredPret 5y agoAnd so, in a wave, money and talent will spread across the globe, from SF to Knoxville and then to the third world
- mandelbrotwurst 5y agoBoise isn't the most expensive real estate market in the country. Maybe the prices have been increasing the fastest?
- N1H1L 5y agohttps://www.cbsnews.com/news/housing-market-boise-idaho-least-affordable/ https://www.cbsnews.com/news/housing-market-boise-idaho-leas...
- aix1 5y agoSo "least affordable" (median house price as a multiple of median income). To me that's quite different from "most expensive" (highest dollar prices).