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Rule 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
by DragonStrength 3y ago
Rule 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.