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> Even as a relatively successful software engineer I'm likely never going to own a home According to levels.fyi, an entry level software engineer makes 150k-2

> Even as a relatively successful software engineer I'm likely never going to own a home According to levels.fyi, an entry level software engineer makes 150k-200k. And from my experience and those of my friends, this seems to be true. And I also know some friends in their 20s that have already bought homes using their SWE salaries. So it does seem well within the realm of possibility. Why do you think you'll never own a home?

touisteur 4y ago
This is really not the case in France, for example. When all not-fancy houses around (in a not-so-fancy Paris suburb - well you want to stay close to a job market... - and you need to be close to public transportation 'cause hey you don't want to use a car, save the planet right?) start at 450/500kEUR (with work to do on it!) and you're making 40kEUR a year as a sw engineer, and still have to pay rent in the meantime because you're not getting a 30 year loan for >50% of your salary without some kind of down-payment you're gonna have to work 10y to gather... Meh I get it. The housing market is just stupid. And I'm sure some happy people find nice jobs and houses not not around Paris, but I also see how economic downturns made peers redundant and... Well not many possibilities when away from the main job market. Yeah you're still better than your uber or lower paid peers, but what are you doing working 50+hours a week for that?
fzeroracer 4y ago
That's nowhere near accurate unless you're 1. Working in the bay area for one of the big tech companies 2. Working for an overvalued startup (which given the turmoil of the current stock market is not a very stable shot). For reference as an entry level software engineer I started my career at 75k a year in a sector that's known for being very lucrative. This was in a fairly low to average CoL area and while you could scale to 120k+, that comes at around double the rent and general costs. So 'why do you think you'll never own a home' is an incredibly loaded question, don't you think?
- softcactus 4y ago
  You can get that salary remote in a LCOL area, but you do have to be in either "big tech" or a healthcare/energy/finance company.
- woojoo666 4y ago
  It wasn't meant to be a loaded question, I was asking for their reasoning behind a statement they made. Personally I know people in New York, Seattle, and Los Angeles that make similar salaries. Also, if you aren't working and planning to live in the bay area, housing prices are usually much more affordable

touisteur 4y ago

This is really not the case in France, for example. When all not-fancy houses around (in a not-so-fancy Paris suburb - well you want to stay close to a job market... - and you need to be close to public transportation 'cause hey you don't want to use a car, save the planet right?) start at 450/500kEUR (with work to do on it!) and you're making 40kEUR a year as a sw engineer, and still have to pay rent in the meantime because you're not getting a 30 year loan for >50% of your salary without some kind of down-payment you're gonna have to work 10y to gather... Meh I get it. The housing market is just stupid. And I'm sure some happy people find nice jobs and houses not not around Paris, but I also see how economic downturns made peers redundant and... Well not many possibilities when away from the main job market. Yeah you're still better than your uber or lower paid peers, but what are you doing working 50+hours a week for that?

fzeroracer 4y ago

That's nowhere near accurate unless you're 1. Working in the bay area for one of the big tech companies 2. Working for an overvalued startup (which given the turmoil of the current stock market is not a very stable shot). For reference as an entry level software engineer I started my career at 75k a year in a sector that's known for being very lucrative. This was in a fairly low to average CoL area and while you could scale to 120k+, that comes at around double the rent and general costs. So 'why do you think you'll never own a home' is an incredibly loaded question, don't you think?

softcactus 4y ago
You can get that salary remote in a LCOL area, but you do have to be in either "big tech" or a healthcare/energy/finance company.
woojoo666 4y ago
It wasn't meant to be a loaded question, I was asking for their reasoning behind a statement they made. Personally I know people in New York, Seattle, and Los Angeles that make similar salaries. Also, if you aren't working and planning to live in the bay area, housing prices are usually much more affordable