Re:The Golden Handcuffs Were Inside of You the Whole Time
by theamk on Wednesday July 07, 2021 @10:59PM
(#27768056)
That person has weird definition of "golden handcuffs" that that does not match the common meaning of the word. Investopedia says it well [0]
> Golden handcuffs are a collection of financial incentives that are intended to encourage employees to remain with a company for a stipulated period of time.
The last part, "stipulated period of time", is the key. The salary or perks that you get every month do not count as "golden handcuffs". The stock grants that vest over two years are. The most famous / egregious example are Uber's non-transferable options [1] -- you get millions of dollars but only if you stay with the company until IPO.
Re:The Golden Handcuffs Were Inside of You the Whole Time
by coderintherye on Thursday July 08, 2021 @10:18PM
(#27779860)
The post which is about living the life you want to live has 0 relevance to the living costs and how you live and who you live with. The fact is that the average people are paying to live in the Bay Area is actually 2-4x what the author is claiming they pay. If you think that has no impact on the conclusion of the post then either you don't or have never lived here or you are delusional.
> Golden handcuffs are a collection of financial incentives that are intended to encourage employees to remain with a company for a stipulated period of time.
The last part, "stipulated period of time", is the key. The salary or perks that you get every month do not count as "golden handcuffs". The stock grants that vest over two years are. The most famous / egregious example are Uber's non-transferable options [1] -- you get millions of dollars but only if you stay with the company until IPO.
[0] https://www.investopedia.com/terms/g/goldenhandcuffs.asp
[1] https://news.ycombinator.com/item?id=11606299
What?
It's also, frankly, just plain wrong. Just because a 4 bedroom house has 4 bedrooms doesn't mean people are renting those bedrooms out at that price.
The actual average rent for a 1-bedroom in San Jose is $2,150 / month which is $25,800 / year.
It's a shame this author has so many basic mistakes in their post as otherwise it is a valid discussion.
4500 per month, divided by 4 rooms is $1125/month, not $1200.
You can book the whole house and fill it with friends.
But look, it really doesn't matter if you're paying $1125 or $1200, that has approximately 0 impact on the actual conclusions of this post.