6 ms·
I hadn’t heard of this, what are some example companies I can look at?
by photonbeam 2y ago
I hadn’t heard of this, what are some example companies I can look at?
- darknavi 2y agoMaybe they mean they pay more in the bay area because of the high housing costs.
- hot_gril 2y agoThat's what I understood too, but it seems more like enough to rent, not buy.
- olliej 2y agoYeah 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 agothey just mean that this is what the geo-adjusted salary is doing
- dinobones 2y agoI 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+.