Google allows 24 hour access, unless that's changed recently.
A chemical toilet is also a wonderful thing.
Agreed, certainly at any company that has strong security policies (I'd imagine telecom, for example, is a lot more strict in this regard), after hours access might be an issue.
Most office buildings I've seen have restrictions, the office tower i work at in London (Reagent's Park) requires you to enter and sign in with security from 7pm till 7am and if you want to enter during the weekend you need to register explicitly for the day and tie and it has to be approved.
And this is pretty much the case for most shared offices / office towers I've worked in, if you own the campus and want to keep the same level of security staffing during the night as you would during the day I would think that 24/7 access wouldn't be an issue to facilitate in all other cases they rather that you wouldn't be hanging around.
It has been shown that reducing commute time significantly increases your happiness. Besides, I'm sure there's a higher purpose for what he's doing, otherwise it would be intolerable.
To me, doing all of your life at work is work, with no life. I need to disconnect, and I can't do that in the place where I work. Is this a corporate culture thing now? Work for Google, socialize only with Googlers, eat/sleep/breathe work?
Indeed, at my new job I can get free meals, a free gym, free health clinic (not just a band-aid station, a fully staffed urgent care center with its own dispensary), showers, and so on. And this is not even corporate, it's a government job. But after a few weeks of just partaking of the free lunch/dinner, I decided to stop using the freebies. I felt like I was living there (12 hour shifts contribute to that feeling of course) and so I began leaving for lunch breaks and decided not to use the other facilities unless absolutely necessary. Given it's a government gig, it already feels like they "own" me as it is (mandatory uniform, strict rules about social media use even off the clock, etc).
It also turns out that the appreciation of housing in the US has been negligible up until the post-2000 housing boom. From the 1920's to 2000, the average increase in a house's value was 0.6% per year. So the part that isn't going to the bank is going into a possibly really poor savings fund. And one that can burn down... At this point, I'm thinking it probably still makes more sense to rent, and do the usual index fund thing.
Let's take this house: https://www.redfin.com/CA/Oakland/2822-Myrtle-St-94608/home/...
Property taxes according to Redfin are $2,471 a year, for a total cost of $74,130. A thirty-year mortgage at 4.5% interest will see you paying $350,229 in interest over 30 years.
Together, that's $1,178 not going into equity.
Here's a Craigslist search for homes with 4 bedrooms or more in the same neighborhood:
http://sfbay.craigslist.org/search/eby/apa?nh=64&bedrooms=4
Note that there aren't any comparable places to rent, but even the ones that are close are more than double our "amount over equity per month" figure.
This also assumes your rent over 30 years is going to stay fixed the same way your mortgage payment is. It won't:
https://www.rentjungle.com/average-rent-in-oakland-rent-tren...
I couldn't find good data on housing appreciation for the Bay Area, but I'm going to go out on a limb and suggest it doesn't mirror the U.S. overall.
And either way, appreciation only matters if you're thinking of your home as an investment. Assuming you're thinking of it as a place to live, it makes sense both in pure cost terms and for some things that are harder to put a price on.
For instance -- how much is having a permanent address worth to you? Or the price of never having to move again, never having to sit in another group housing interview again, never being able to be evicted by "owner move in" or whatever shibboleth is currently popular in Bay Area eviction bootcamps? (this is a real thing: http://www.sfgate.com/bayarea/article/Lawyer-pumps-up-S-F-la...)
We are planning to get things together to buy a house; the quick survey just convinced us that it didn't make sense to rush in. We also feel that there's a decent possibility that the housing prices actually are bubbly, which makes us less inclined to rush out and buy something. Overall, the exercise convinced us to wait a bit and get together enough to shoot for a 20yr mortgage.
I stand by what I said -- renting is irrational. The kid in the box truck is smarter than every Bay Area software engineer blowing their money on rent.
He has established a home, it's just not a traditional one. It's a really-not-up-to-code tiny house on wheels.
If he were living in a Winnebago or a trailer would you feel differently?
I'm perhaps looking at this differently because I am into the financial independence movement[1], and I also quite like tiny houses. I like the idea of saving as much as you can so you don't have to work for the rest of your life, and I also like the idea of reducing your ecological and physical footprint.
So that's how I'm seeing this story. This guy seems like a "mustachian" more than he seems like a guy forced to live in his car. I don't know how much he gets paid, but I'm certain he could afford an apartment—ridiculously expensive though it may be.
I absolutely agree with you that the housing situation in the Bay area is bonkers, though.
[1] See Mr. Money Mustache http://www.mrmoneymustache.com/
>"It's really hard to justify throwing that kind of money away. You're essentially burning it — you're not putting equity in anything and you're not building it up for a future — and that was really hard for me to reconcile."
Equity and saving for the future are things you do after you've established a home. Comfort and time off of work are essential to a well-balanced and healthy life.
What's sad, to me, is not that he lives in a truck, it's that he works so much that doesn't value any time alone in his own space. I know the rent is exorbitant in the bay, but his pay from Google has that factored in -- he's no Mission artist getting evicted, after all. I happily pay a significant portion of my income to have a home, even a rented one.