How Much Should You Pay Your Engineers to Ensure They Stick Around?

Re:How Much Should You Pay Your Engineers to Ensure They Sti... by bradlys on Friday June 19, 2020 @02:11PM (#23577249)

Depending on the landlord, you wouldn't get the apartment. Some landlords require you to make 40x the monthly rent per year. I don't see many people renting $2800 apartments here at $80k/yr. If people are at 80k/yr, they're almost always renting a room.

Btw, I wouldn't necessarily use the entire bay area as your reference - as we weren't talking about the entire bay area either. Specifically only nicer neighborhoods. The price varies wildly by region. Apartments in south San Jose are much less expensive than in Palo Alto - but both are part of the bay area. There are many places in the bay area where my coworkers wouldn't even want to walk on the street - let alone live there... but there are cheaper housing options there.

You should be using ratios - not absolutes. If someone had $100,000/month rent then by your logic, they'd be just fine if they only had $2,000/month left over. That's very little buffer.

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Re:How Much Should You Pay Your Engineers to Ensure They Sti... by perl4ever on Friday June 19, 2020 @03:45PM (#23578202)

>If someone had $100,000/month rent then by your logic, they'd be just fine if they only had $2,000/month left over. That's very little buffer.

If you scale things up to that extent, then $2K becomes small compared to the possible variance in income or rent. But it's also small compared to the credit you'd have access to.

Without visiting I can't tell for sure, but I can compare apartments to what I'm used to by amenities, square footage, and such. If I had an offer and needed to move there, I'd judge the neighborhood by the housing, not vice versa.

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