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> The base pay range for this role is between $138,900 and $256,500 > The average Cupertino home value is $2,663,389 I'm sorry wtf?
by swarnie 3y ago
> The base pay range for this role is between $138,900 and $256,500
> The average Cupertino home value is $2,663,389
I'm sorry wtf?
- bluetomcat 3y agoA compiler engineer can always live in a car park :-)
- aatd86 3y agoThere has to be an analogy... Like working in a register but sleeping on disk or something... Just can't find it
- thebruce87m 3y agoLow latency local caching
- saagarjha 3y agoBase pay, of course. I’d expect a senior engineer at Apple to be getting 300k-400k in total compensation.
- DragonStrength 3y agoRule of thumb for home affordability would still price the person out of that home, even at 400k/yr. Meanwhile, the median home price in the country as a whole is 350-400k these days. SV has priced out even their senior engineers, which does seem like an issue for hiring.
- lotsofpulp 3y agoMean average home price in the city of Cupertino is not a useful statistic to determine if someone is priced out of a job located in Cupertino. There are lower priced areas that are within commuting distances acceptable to sufficient people, plus dual income couples.
- DragonStrength 3y agoThe median home price for the SF Bay Area is roughly $1.4M -- that means this sort of role is the bottom of who could afford a home alone. Making half as much money somewhere else is likely going to provide a higher quality of life than barely being able to break into the Bay Area housing market and potentially needing a long commute to your "desirable" job. This was not the case for the previous generations of engineers moving to the Bay Area.
- formerly_proven 3y ago> of who could afford a home alone I don’t think that’s much of a thing any more, not just in the Bay Area.
- thelastparadise 3y agoYikes so this ultra rare skilled engineer is going to have to have a long commute and essentially live like a peasant? Who would accept this role??
- astrange 3y agoCupertino is smaller than you think it is. I don't know if much of anyone at Apple lives there. It's mostly old retired people from Taiwan and India.
- pixel_tracing 3y agoIncorrect, as common sense would dictate lots of people who work at Apple live close by the office (homes aren’t the only option, there is a thing called renting)
- astrange 3y agoTo rent in Cupertino they would have to let you build apartments, which they famously don't.
- epolanski 3y agoYou're not buying a house with your yet-to-vest stock.
- thelastparadise 3y agoThere seems to be a massive disconnect between people who live in these expensive bubbles and everyone else.
- astrange 3y agoPrivate bankers will do this if you have enough of it.
- jebarker 3y agoI recently got approved for a mortgage with a mainstream lender where they took unvested stock into account for the pre-approval. Thankfully I'm not reliant on that stock vesting to pay the mortgage. As I understand there are quite a few lenders that will do this.
- slavapestov 3y ago“Total compensation” usually refers to base salary together with your yearly bonus and vested stock. Mortgage lenders will typically look at your W2 income which includes the bonus and stock.
- FirmwareBurner 3y ago>I'm sorry wtf? Now you know how us European devs feel like in ragrds to wage/housing prices.
- wiseowise 3y agoHow? Northern Europe salary is more than enough to afford local housing.
- FirmwareBurner 3y ago>How? Come to Austria and see. Same in Germany I think. A mate from Stuggarts has no idea how house prices are justified there looking at his wage. >Northern Europe salary is more than enough to afford local housing. Where exactly in Northern Europe? I heard the Finnish countryside is very affordable. If you can stomach the weather and isolation.
- yreg 3y agoWhat do you mean? Vienna has rent control and you can rent a place for like 500€ monthly. (City public housing is even cheaper.) This probably also means it's not a great investment to buy property there. There is also the option to live near Vienna and commute by trains.
- FirmwareBurner 3y ago>Vienna has rent control Rent controlled public housing are only for Vienese or long term resisdents of Vienna. I am neither. >you can rent a place for like 500€ monthly Hahah, no you can't, not even close on the private market, in 2024. Maybe during the pandemic you could when travel was frozen and the rental market crashed. >This probably also means it's not a great investment to buy property there. It is. That's why prices are kept so high, so those who own stay wealthy. I don't want a house for an investment tho, just a place to live.
- 3y ago
- bzhang255 3y agoLooking at the qualifications, this seems to be an entry level position, as there is no years of work experience listed.
- saagarjha 3y agoNot by the base pay, which would generally be 120k-200k for an entry level role.
- deleted 3y ago[deleted]