5 ms·

This isn’t true at all and paints a dangerously dystopian view of things. You could easily buy a home in Seattle or the neighboring area after 5 years of senior

This isn’t true at all and paints a dangerously dystopian view of things. You could easily buy a home in Seattle or the neighboring area after 5 years of senior level employment at most publicly traded companies. It’s not going to be an amazing home and there certainly will be some sticker shock when comparing that price tag to most other cities, but it’s totally feasible. The idea that you need to have a “top position” is ludicrous

Madmallard 3y ago
5 years at senior level means 8 plus years in industry and you actually have to be promoted to seniority and it has to be at a company that actually pays well. It is far beyond reasonable considering the value that developers provide. So yeah, I think you're completely wrong.
- sv123 3y ago
  If all Amazon engineers made a salary in their first year which enabled them to afford a Seattle home purchase, then home prices would rise even higher... Until you need to work for 8 years to afford one again.
- theK 3y ago
  Funny how senior came to be "has worked three years". Isn't it?
  - Madmallard 3y ago
    I also said "and you actually have to be promoted to [it]"
    - theK 3y ago
      Apologies, this wasn't a jab directly at what you wrote. More of a general observation that there is a false understanding somewhere in this industry, that somebody who worked 3 years, realistically qualifies as a "Senior" Dev.
- aksss 3y ago
  I have to laugh at all of you expecting to buy a house right out of school. Where you got that sense of entitlement I shall never know.
fzeroracer 3y ago
You're honestly out of touch with the software market. I earn around $110k a year after seven years of working and I'm nowhere near being able to afford a house. The fact that you think everyone is a FAANG engineer is part of the problem; the majority of us are not earning those top end salaries and the fact that you think we can buy a home after 5 years in Seattle is a massive joke.
- goostavos 3y ago
  I think houses are for the duel FAANG income, no kids crowd. Even on a senior FAANG salary, there's no knob I can turn on the calculator that ends up making sense for me to buy at these interest rates (in a part of town that doesn't leave me with a >1hr commute). I remain a renter. Dump it all into stocks and hope for the best!
  - fzeroracer 3y ago
    That's basically me; I keep a decent chunk in savings in case of emergency / downturn and then the rest in stocks / retirement etc. I hate having to invest in the stock market because most of it is gambling and speculation, but at least I can dump it in an index fund and it'll be fairly safe. There's a reason why a significant number of millennials and below are cheering on for a housing bust and it's because it's possibly the only way we can afford a home.
    - acheron 3y ago
      My parents just sold their fairly nice large house for something like $170k. Of course it's not in a cool city. Living in a high cost of living area with expensive houses is voluntary consumption. If that's what you voluntarily want to spend your money on then fine, but you get just as much sympathy as the people complaining about how expensive brand new BMWs are.
      - fzeroracer 3y ago
        How exactly is it voluntary between the high CoL cities having the major career opportunities and companies continuing to force people back in office? It's funny that you would even say like that in a thread where people are protesting having to return to the office for that reason. I lived in Texas for four years. A house in the ass end of nowhere costs $150k-200k. It also comes with a two hour commute to get to my then-office, has literally nothing nearby and I would've been on my own during the next major freeze event.

Madmallard 3y ago

5 years at senior level means 8 plus years in industry and you actually have to be promoted to seniority and it has to be at a company that actually pays well. It is far beyond reasonable considering the value that developers provide. So yeah, I think you're completely wrong.

sv123 3y ago
If all Amazon engineers made a salary in their first year which enabled them to afford a Seattle home purchase, then home prices would rise even higher... Until you need to work for 8 years to afford one again.
theK 3y ago
Funny how senior came to be "has worked three years". Isn't it?
- Madmallard 3y ago
  I also said "and you actually have to be promoted to [it]"
  - theK 3y ago
    Apologies, this wasn't a jab directly at what you wrote. More of a general observation that there is a false understanding somewhere in this industry, that somebody who worked 3 years, realistically qualifies as a "Senior" Dev.
aksss 3y ago
I have to laugh at all of you expecting to buy a house right out of school. Where you got that sense of entitlement I shall never know.

fzeroracer 3y ago

You're honestly out of touch with the software market. I earn around $110k a year after seven years of working and I'm nowhere near being able to afford a house. The fact that you think everyone is a FAANG engineer is part of the problem; the majority of us are not earning those top end salaries and the fact that you think we can buy a home after 5 years in Seattle is a massive joke.

goostavos 3y ago
I think houses are for the duel FAANG income, no kids crowd. Even on a senior FAANG salary, there's no knob I can turn on the calculator that ends up making sense for me to buy at these interest rates (in a part of town that doesn't leave me with a >1hr commute). I remain a renter. Dump it all into stocks and hope for the best!
- fzeroracer 3y ago
  That's basically me; I keep a decent chunk in savings in case of emergency / downturn and then the rest in stocks / retirement etc. I hate having to invest in the stock market because most of it is gambling and speculation, but at least I can dump it in an index fund and it'll be fairly safe. There's a reason why a significant number of millennials and below are cheering on for a housing bust and it's because it's possibly the only way we can afford a home.
  - acheron 3y ago
    My parents just sold their fairly nice large house for something like $170k. Of course it's not in a cool city. Living in a high cost of living area with expensive houses is voluntary consumption. If that's what you voluntarily want to spend your money on then fine, but you get just as much sympathy as the people complaining about how expensive brand new BMWs are.
    - fzeroracer 3y ago
      How exactly is it voluntary between the high CoL cities having the major career opportunities and companies continuing to force people back in office? It's funny that you would even say like that in a thread where people are protesting having to return to the office for that reason. I lived in Texas for four years. A house in the ass end of nowhere costs $150k-200k. It also comes with a two hour commute to get to my then-office, has literally nothing nearby and I would've been on my own during the next major freeze event.