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Cheering on office space becoming worthless is fun, but if course nearby residential housing is next. Once you can really work for your company from anywhere, t
by rich_sasha 3y ago
Cheering on office space becoming worthless is fun, but if course nearby residential housing is next. Once you can really work for your company from anywhere, the value of your house within 30 min commute to your FAANG employer drops by quite a bit.
- blitzar 3y agoOnce your FAANG company realises your they can hire someone who "works from home" for 5 figures instead of 7 figures, thanks to a modest cost of living in their different country, you are in real trouble.
- LegitShady 3y agothey can already do that.
- iwontberude 3y agoYeah I was going to say that ship sailed several years ago at least.
- ctrw 3y agoI heard that in the 1990s. Yet all the cheap Indians who were meant to eat my lunch are now expensive Indians I have lunch with.
- hef19898 3y agoUnder rated comment.
- fakedang 3y agoSaving this comment! Edit: how do I save/favorite this? Only way I can do it is by flagging it currently :/
- sokoloff 3y agoClick the timestamp on it, then you can favorite it (or at that point bookmark it).
- Modified3019 3y agoClick the timestamp (“x minutes ago”), there are more options under that.
- acdha 3y agoI largely agree but would note that one thing which killed a lot of outsourcing projects were timeline and language barriers. If you’re in, say, Pacific time there’s still a lot of room to go down from Bay Area salaries while avoiding both of those problems. I think we’re about to see the largest experiment yet of how well people can really run remote development projects.
- quickthrower2 3y agoNot sure. You wont get the best people by being cheap. If FAANGs are making monstrous profit they don’t want to rock the talent boat. If you have a company making crazy profit and the people making that happen get paid 5 figures those people just leave and get YC to pay 6 figures for a small slice of their next idea.
- BeFlatXIII 3y agoYou still retain the timezone advantage for communicating with the bosses. Same language, too.
- sokoloff 3y agoHasn’t most of FAANG flipped back to RTO?
- lupusreal 3y agoCheap housing? Oooh noooo. All the boomers who bought up multiple homes as an "investment", to extract rent from younger generations, will get hosed? Oooooh nooooo.
- rich_sasha 3y agoSomehow, I suspect, people who can't afford houses now will still somehow be fucked. Not sure how but still.
- rickydroll 3y agoFor housing to be affordable, the rule of thumb is the monthly cost needs to be about 1/3 of your (net? gross?) income. so either housing costs need to come down or your income needs to go up. We get screwed when we have no real leverage to increase income. You can grow it somewhat by job hopping, but even that has limits as you age. Even if you save and invest, divorce and medical bankruptcy will fuck you over.
- atemerev 3y agoBut that’s good, isn’t it? Finally I could afford to buy something instead of renting.
- worewood 3y agoGood.