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Companies are essentially subsidizing $1M (or more now?) mortgages if you are willing to go into their SV offices. You don't have to retire there! Just sell the

Companies are essentially subsidizing $1M (or more now?) mortgages if you are willing to go into their SV offices. You don't have to retire there! Just sell the house and move on.

photonbeam 2y ago
I hadn’t heard of this, what are some example companies I can look at?
- darknavi 2y ago
  Maybe they mean they pay more in the bay area because of the high housing costs.
  - hot_gril 2y ago
    That's what I understood too, but it seems more like enough to rent, not buy.
    - olliej 2y ago
      Yeah I recently looked at rent costs down in the South Bay (thinking “tiny shitty apartment to avoid 12-15 hours of mandatory commuting 3 days a week”) and it’s insane - like “more than my mortgage payments” insane.
- whimsicalism 2y ago
  they just mean that this is what the geo-adjusted salary is doing
- dinobones 2y ago
  I think what he means is: Some SF companies pay very large compensation packages so that their engineers can afford to purchase homes. I don't think this is true. There are only a handful of companies that pay $500k+ TC for senior+ engineers. The vast majority of companies top out at $250k, be it F500 or startups (not including their worthless "equity"). You can't afford a home, on your own, at $250k in the Bay Area. Realistically you need $500k+.
  - hparadiz 2y ago
    250 is no where near enough to buy in SF. Maybe if you pinch pennies and save for 10 years. Or if you can put up a lot of equity up front.
    - pc86 2y ago
      > > You can't afford a home, on your own, at $250k in the Bay Area.
foooorsyth 2y ago
You don’t have to retire there, but it turns out that the Bay Area has one of the most pleasant climates in the entire world for humans and it is coupled with some of the most stunningly beautiful and varied terrain in the world. It’s hard to leave and call anything else retirement if you’re just considering climate, weather, and nature. My family did end up leaving the area but it was hard. I am still working. Wouldn’t surprise me if I return some day.
- hparadiz 2y ago
  Entire central coast plus LA offers much of the same.
  - foooorsyth 2y ago
    Doesn’t really solve the cost of living problem being in coastal CA :)
    - hot_gril 2y ago
      It's still less of an issue than Bay Area, and the other parts are more fun.
- y-curious 2y ago
  Where did you move to, if you don't mind my asking? It's hard to leave here for sure :'(
  - foooorsyth 2y ago
    The Carolinas, near the Blue Ridge Mountains where it is also pretty. Not quite the Sierras but it’ll do
    - ldayley 2y ago
      As somebody who would prefer to return to California—- The Blue Ridge line between Roanoke, VA and Greenville, SC is probably where I’ll end up myself. But sadly the mountains are not nearly the same, I’ll miss that elevation.
deleted 2y ago
[deleted]

Companies are essentially subsidizing $1M (or more now?) mortgages if you are willing to go into their SV offices. You don't have to retire there! Just sell the house and move on.

photonbeam 2y ago

I hadn’t heard of this, what are some example companies I can look at?

darknavi 2y ago
Maybe they mean they pay more in the bay area because of the high housing costs.
- hot_gril 2y ago
  That's what I understood too, but it seems more like enough to rent, not buy.
  - olliej 2y ago
    Yeah I recently looked at rent costs down in the South Bay (thinking “tiny shitty apartment to avoid 12-15 hours of mandatory commuting 3 days a week”) and it’s insane - like “more than my mortgage payments” insane.
whimsicalism 2y ago
they just mean that this is what the geo-adjusted salary is doing
dinobones 2y ago
I think what he means is: Some SF companies pay very large compensation packages so that their engineers can afford to purchase homes. I don't think this is true. There are only a handful of companies that pay $500k+ TC for senior+ engineers. The vast majority of companies top out at $250k, be it F500 or startups (not including their worthless "equity"). You can't afford a home, on your own, at $250k in the Bay Area. Realistically you need $500k+.
- hparadiz 2y ago
  250 is no where near enough to buy in SF. Maybe if you pinch pennies and save for 10 years. Or if you can put up a lot of equity up front.
  - pc86 2y ago
    > > You can't afford a home, on your own, at $250k in the Bay Area.

foooorsyth 2y ago

You don’t have to retire there, but it turns out that the Bay Area has one of the most pleasant climates in the entire world for humans and it is coupled with some of the most stunningly beautiful and varied terrain in the world. It’s hard to leave and call anything else retirement if you’re just considering climate, weather, and nature. My family did end up leaving the area but it was hard. I am still working. Wouldn’t surprise me if I return some day.

hparadiz 2y ago
Entire central coast plus LA offers much of the same.
- foooorsyth 2y ago
  Doesn’t really solve the cost of living problem being in coastal CA :)
  - hot_gril 2y ago
    It's still less of an issue than Bay Area, and the other parts are more fun.
y-curious 2y ago
Where did you move to, if you don't mind my asking? It's hard to leave here for sure :'(
- foooorsyth 2y ago
  The Carolinas, near the Blue Ridge Mountains where it is also pretty. Not quite the Sierras but it’ll do
  - ldayley 2y ago
    As somebody who would prefer to return to California—- The Blue Ridge line between Roanoke, VA and Greenville, SC is probably where I’ll end up myself. But sadly the mountains are not nearly the same, I’ll miss that elevation.

deleted 2y ago

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