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A comment on Stripe to move to South San Francisco. Parent comment

Re:Stripe to move to South San Francisco by dmode on Thursday October 24, 2019 @11:48AM (#21345810)
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
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Re:Stripe to move to South San Francisco by friedman23 on Thursday October 24, 2019 @12:00PM (#21345930)
> 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.

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Re:Stripe to move to South San Francisco by majormajor on Thursday October 24, 2019 @12:58PM (#21346514)
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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Re:Stripe to move to South San Francisco by newfangle on Thursday October 24, 2019 @02:37PM (#21347766)
Why not?

Pay your engineers 500k in a medium cost of living city and you will have the best employee retention of any company once they get used to their quality of life.

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Re:Stripe to move to South San Francisco by peripitea on Thursday October 24, 2019 @05:08PM (#21349186)
You probably won't be able to hire nearly the same quality of engineers. At least not at the same scale.
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Re:Stripe to move to South San Francisco by neivin on Thursday October 24, 2019 @12:49PM (#21346399)
Yeah, but then I would have to live in Miami.

LOCATION LOCATION LOCATION!

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Re:Stripe to move to South San Francisco by ProfessorLayton on Thursday October 24, 2019 @12:46PM (#21346362)
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
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Re:Stripe to move to South San Francisco by smileysteve on Thursday October 24, 2019 @05:03PM (#21349145)
Atlanta compared to Miami, 500k can buy your 3 bedroom house and a boat on a lake.
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Re:Stripe to move to South San Francisco by mbesto on Thursday October 24, 2019 @04:29PM (#21348818)
> 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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