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A comment on IBM Now Has More Employees in India Than in the U.S. Parent comment

Re:IBM Now Has More Employees in India Than in the U.S by cybernytrix on Friday September 29, 2017 @11:57AM (#15366415)
When you talk about PPP, keep in mind to factor in housing and other modern lifestyle conveniences. These are very very expensive if you price it as a percentage of your salary. Even in the Bay Area, a Home is still 5-6X annual income of a typical software engineer. In India, it is more like 10-15X.
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Re:IBM Now Has More Employees in India Than in the U.S by nebula on Friday September 29, 2017 @12:17PM (#15366604)
>Even in the Bay Area, a Home is still 5-6X annual income of a typical software engineer.

Is this true? I am ignorant of actual prices in Bay Area, but people are always complaining of high housing prices there.

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Re:IBM Now Has More Employees in India Than in the U.S by stevenwoo on Friday September 29, 2017 @01:04PM (#15367016)
To give some idea of the market - people are starting to count stock options as future income in order to qualify for home purchases. The median home price that sold recently in San Jose is close to a million dollars.

http://www.mercurynews.com/2017/09/25/about-silicon-valleys-...

When I bought in 2001, every house on the peninsula (between San Francisco and San Jose) no matter what condition had at least a dozen offers and it's worse now. http://www.mercurynews.com/2017/04/13/sjm-shortage-0414/

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Re:IBM Now Has More Employees in India Than in the U.S by xyzzy_plugh on Friday September 29, 2017 @01:05PM (#15367027)
Seems low, I'd put it at 8-10x. You're hard pressed to find a property for less than a million dollars.
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Re:IBM Now Has More Employees in India Than in the U.S by BeetleB on Friday September 29, 2017 @03:06PM (#15368191)
Yup.

5-6X will not get you a nice house in a nice area. It will just get you a small house. In San Jose, the cheapest ones I'm seeing are in the 500-600K range - smaller than 1000 sq ft.

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Re:IBM Now Has More Employees in India Than in the U.S by majani on Friday September 29, 2017 @01:29PM (#15367265)
as a counter to that, in third world countries, rent is often a way better deal all round, so if you're not hung up on home ownership, you can get by pretty well for less.
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Re:IBM Now Has More Employees in India Than in the U.S by snambi on Friday September 29, 2017 @02:47PM (#15368001)
OTOH, rented houses are pretty bad, compared to owned houses in India.
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Re:IBM Now Has More Employees in India Than in the U.S by pm90 on Friday September 29, 2017 @03:48PM (#15368539)
This is most certainly not true. I don't deny there will be shitty houses for a drop-dead rents, but you can also get a fairly luxurious rentals in Mumbai and Bangalore, at least (I don't have personal experience with other cities).
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Re:IBM Now Has More Employees in India Than in the U.S by davesque on Friday September 29, 2017 @12:05PM (#15366494)
Sure, but aren't basic necessities less expensive in India?
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Re:IBM Now Has More Employees in India Than in the U.S by scholia on Friday September 29, 2017 @05:33PM (#15369429)
Do you know Numbeo?

https://www.numbeo.com/cost-of-living/compare_cities.jsp?cit...

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