Re:How Developers Stop Learning: Rise of the Expert Beginner...
by swagonomixxx on Wednesday July 08, 2020 @01:55PM
(#23772419)
Totally in agreement with you, especially in the bigger metropolitan areas like NYC and SF.
Rule of thumb for me in my career is I expect at least a 5% raise yearly to account for cost of living and inflation of currency, otherwise, like you said, you'd be losing money YoY.
Thankfully, I've gotten many > 25% raises throughout my career. It's possible, but it's rare, and jumping jobs usually gives larger pay bumps.
Re:How Developers Stop Learning: Rise of the Expert Beginner...
by scarface74 on Wednesday July 08, 2020 @08:32PM
(#23775801)
What’s this about what the landlords are “suppose to do”? Most of the US isn’t rent controlled. My apartment that I moved into after getting married in 2012 went from $1300 to $1750 by 2016 when I left. It was $2000/month last year.
My mortgage is less than $2200 for a 3100 square foot house brand new build and that wont go up besides property taxes and insurance.
Re:How Developers Stop Learning: Rise of the Expert Beginner...
by necrotic_comp on Wednesday July 08, 2020 @09:01PM
(#23775981)
"supposed to" means legally.
5 percent isn't allowed but they can get away with it because fighting it isn't worth it.
For example, while landlords aren't supposed to raise the rent by more than 2% per year, I've had my landlord surprise me with a 5% change, but moving is too expensive to realistically consider [1].
Factor in all the additional costs of living, and if you don't get significant raises every year, you're going to fall further behind each year and be unable to afford a family, a house, or an emergency.
It's not great.
1 - When I moved to a good neighborhood in NYC, I had to pay a brokers fee of 15% + moving costs + up front costs to the landlord. Say my rent was 3k, this would be 5400 (0.15 * 3000 * 12) + ~500 + 9000 (first + last + security), or approximately 15k just to move into a place you don't own.