Honest question: at that point why not move closer to work? Or get a job at any number of companies closer to home that are desperate for talent?
The whole point of enduring SFBA rent is that there’s dozens of tech jobs at every corner.
Honest question: at that point why not move closer to work? Or get a job at any number of companies closer to home that are desperate for talent?
The whole point of enduring SFBA rent is that there’s dozens of tech jobs at every corner.
Because everyone thinks this first which is why a 1 bedroom in SF is like 5k a month.
Walking a few blocks to the office is an amazing way to start the day without incurring stress.
Just one person’s view: My Bay Area commute is about 2 to 2.5 hours each way, depending on traffic. I make pretty decent Bay Area money but not even close to enough to live in an equivalent house near work. Not by a long shot. Changing jobs means starting back at the bottom. Re-build relationships, re-learn new company’s tribal knowledge, start at zero in the promotion treadmill. I’m too old for that shit. And at my age, (45+) you’re not getting a +10% raise when changing jobs, like what was do-able in your 30s.
So changing jobs is mostly downside and moving closer to work is not financially do-able. Stuck!
Maybe joining a startup on the hyper growth track would be good financial returns. Only need one of those to do well to buy the house with cash at your likely experience range and the compensation they would be rewarding you.
Your startup advice is decent, I just don't have the stomach for it anymore. Been there, done that, have 600,000 worthless stock options to prove it. I feel like I have better odds at the poker table.
I understand. I'm just saying I did it and got $1m+/yr out of it. I've done startups before that lead nowhere - so I understand the feeling... It's not like joining startups at seed stage or something - I'd only join one with a $XXXm dollar valuation or greater. (And one that has gotten that valuation very quickly hopefully - not over 10 years) I left because of the horrible environment before I vested everything. I decided if I can find a job at $350-400k/yr with some minor upside and a much better culture then I'd probably be happier in the end. (I have about 8 YOE)
> I personally used to commute 3 hours every day to get to work from SF