Re:Fujitsu announces permanent work-from-home plan
by nostrademons on Monday July 06, 2020 @12:38PM
(#23749622)
It's more that the price problem follows the workers.
A decade ago, Seattle was cheap. You could get 4/5 BR homes in Kirkland for $400K. I just checked, and those homes are going for $1.2M now. Similarly, one of my former Google coworkers moved out to the Boulder office. When I'd checked on Boulder in the late 00s, you could get nice homes for $250-300K. He paid about $850K.
Wherever you have highly paid tech workers, you will have highly paid tech workers bidding up houses. You just have to get ahead of them, and buy where the FAANG offices are just being constructed rather than wait until you work there. True remote work (where you could dial in from anywhere, not just a city near an office) would fix this, but that's not really what's being offered these days, and when it is the salaries are more inline with what people make in the Midwest than what they make in Silicon Valley.
A decade ago, Seattle was cheap. You could get 4/5 BR homes in Kirkland for $400K. I just checked, and those homes are going for $1.2M now. Similarly, one of my former Google coworkers moved out to the Boulder office. When I'd checked on Boulder in the late 00s, you could get nice homes for $250-300K. He paid about $850K.
Wherever you have highly paid tech workers, you will have highly paid tech workers bidding up houses. You just have to get ahead of them, and buy where the FAANG offices are just being constructed rather than wait until you work there. True remote work (where you could dial in from anywhere, not just a city near an office) would fix this, but that's not really what's being offered these days, and when it is the salaries are more inline with what people make in the Midwest than what they make in Silicon Valley.