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0 pointsfriedman236y ago0 comments

> Albuquerque, NM

This is not the only other option. Imagine telling an engineer, hey I'll pay you $500k a year in Atlanta, Miami, Philadelphia, Chicago, or Boston? Rent is immediately cut in half and some states have no income taxes. Their disposable income essentially triples.

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pcwalton6y ago

I wouldn't take it; I'd quit and go work somewhere else in the Bay Area. I have enough roots here in California that do a lot more for my quality of life than an extra two bedrooms in my house would. (And a boat? What a maintenance nightmare that would be! If I owned one, I'd pay someone to get rid of it.)

dmode6y ago

If you are still lying $500k, what’s the point of that move ? Also, network effect doesn’t change. I will never move out of SV/SF as I know I can walk down the street and get another $500k job

friedman23OP6y ago

> If you are still lying $500k, what’s the point of that move ?

I think you mistyped here. The point of the move is that $500k in San Francisco vs $500k in any other city in the US (except New York) result in substantially different qualities of life. $500k a year income in Miami can get you a mortgage on a 3 bedroom house and a boat.

In SF, you get a mortgage on a 1 bedroom apartment.

majormajor6y ago

The company wouldn't move if it still had to pay 500K.

500K in SF gets you a smaller place and plenty of discretionary income. Companies in other places can often give you a house, but not match the discretionary income.

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neivin6y ago

Yeah, but then I would have to live in Miami.

LOCATION LOCATION LOCATION!

ProfessorLayton6y ago

SF is expensive, agreed, but it is not so expensive that you need to pull 500k/year to get a mortgage. That income is enough to mortgage a 2.5M home — well above SF’s median home price— with no downpayment

smileysteve6y ago

Atlanta compared to Miami, 500k can buy your 3 bedroom house and a boat on a lake.

mbesto6y ago

> I will never move out of SV/SF as I know I can walk down the street and get another $500k job

This. Those salaries are basically correlative to cost living * demand for resources.

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