Re:Dropbox Converts to Permanent WFH
by gotaran on Thursday October 15, 2020 @08:06PM
(#24795908)
I wonder how the calculus plays out.
You could be local but within "commuting distance" of the office, which could include Sacramento, Tracy, etc. for an SF office. I think you could get a 2BR in Sac for the price of a studio in SF.
We might also see some exodus from the Bay Area, which would put a downward pressure on tech salaries till they hit some equilibrium.
I also wonder what enforcement mechanisms exist short of an IRS audit to make sure you're actually "local" and not in a cheap cabin in North Dakota. Employers could monitor corp traffic, but I wonder if it's actually worth the cost to enforce and they'll just go by honor code.
Re:Dropbox Converts to Permanent WFH
by maerF0x0 on Thursday October 15, 2020 @08:55PM
(#24796225)
I too wonder about the equilibrium. I have heard that SF rents are down 20%, Which is probably understating the issue because many landlords opt for vacancy over lower prices (due to how loans work and the difficulty of raising once started).
You could be local but within "commuting distance" of the office, which could include Sacramento, Tracy, etc. for an SF office. I think you could get a 2BR in Sac for the price of a studio in SF.
We might also see some exodus from the Bay Area, which would put a downward pressure on tech salaries till they hit some equilibrium.
I also wonder what enforcement mechanisms exist short of an IRS audit to make sure you're actually "local" and not in a cheap cabin in North Dakota. Employers could monitor corp traffic, but I wonder if it's actually worth the cost to enforce and they'll just go by honor code.