Re:Compensation in 2019 – new grad tech offers
by peter_l_downs on Wednesday September 11, 2019 @06:08PM
(#20945293)
Responding to sibling: Five years to save up for a down payment on a $1.5mm home is incredibly fast. You seem to not think it's a lot of money. Tidepod's main point in this post (and throughout the thread) is that SV tech people don't understand how much money they have relative to the average person, as reflected in how they speak and think about it. This is a perfect example of that.
Re:Compensation in 2019 – new grad tech offers
by heyoni on Wednesday September 11, 2019 @06:05PM
(#20945247)
Cool.
Save up 100k and move to the middle of where in India. You won’t be able to do your job, or talk to anyone but hey, you’ll be better off than most of the world.
Re:Compensation in 2019 – new grad tech offers
by refurb on Wednesday September 11, 2019 @05:50PM
(#20945122)
It’s important to note I said “in SF”.
If you want to save up a $300k down payment on a single family home, $5k a month in savings will take you 5 years (assuming you ignore your retirement entirely).
Otherwise, I agree that $5k per month after taxes and expenses is a ton of money.
Shooting up? Dude works at Pinterest, and Pinterest stock has actually been falling recently.
>extra $5k per month which isn’t exactly rolling in cash in SF.
Five thousand dollars a month is rolling in cash for anywhere. This is the type of attitude I'm talking about in my other comment in this thread. There's an incredible loss of perception when it comes to SVers and what constitutes a lot of money and what doesn't. An extra $5k a month is more than the entire salary of the average American household. Hell, it's almost more than the average SF income!