xenihn

False equivalence. You're comparing liquid assets with an illiquid one here.

My networth increased by $600k in the past year, but my actual income after taxes was a quarter of that. I haven't sold and collected gains, but it still feels like I "made" that much money in that span of time, especially since most of the appreciation came from RSUs. I'm just choosing to not convert it to cash.

"A few months" is an incredibly long time when the gap is widening on a daily basis.

It comes with test suites, so that gives you a base to start from. You can at the very least do trial-and-error and come up with some heuristics on the fly. You're at a huge disadvantage to someone who has some familiarity but can convincingly play it off as being a newcomer, though.

I'm interested in knowing more details about this if you happen to have a post written up somewhere!

I don't mean this to be a callout, but what do you mean you led teams as an L4? Even if you were unofficially leading them, you get caught in the politics trap of not being able to claim any credit for having done so, because that means the higher levels in the workstream weren't doing their jobs, and you can't write that down or say it outloud. This is a problem in every hierarchical organization, and learning how to navigate it is unfortunately a part of the leveling process in itself when you are starting from a lower level versus being hired into a higher one.

Why can't everything you just described be done by someone who doesn't have the CEO legal title? The CTO can be the CEO in title, but fulfill the duties of both, with consultation from the "CEO" (pick whatever title you want). Basically inverting the non-technical-founder / CTO relationship, in favor of the technical founder who needs non-technical expertise and guidance, but still wants to maintain overall control of the business.

>Consider this: You aim to buy all 100 units, and then you can charge whatever rent you like, right? What happens is sellers discover you are doing this, and then raise their asking prices through the roof. The result is it costs you so much to get that monopoly that you cannot hope to be able to rent at a profit. Especially if it is possible to create new units for the purpose of selling at a high price to you. And it is possible, unless the government prevents new construction.

This doesn't matter to you as a buyer when the money you're spending is either borrowed, being printed out of thin air, or both.

Not true.

Do a google search for "rent-fixing algorithms".

If you own enough homes in a rental market, you can determine the market rate. An empty house has value simply by depleting local housing stock, since it is giving you greater leverage to drive market rate up.

Of course its less value than actually having it rented, but its still value. Tax code will also allow for softening the loss.

I'm going to pick an arbitrary number here that's loosely based on top 100 tech companies by market cap.

If you are working for a company that employs at least 1000 full-time engineers, I think you should consider joining a team where every project involves AI in some way, if you aren't already on one. Whether its owning AI tooling, or developing client features that use AI directly, or even just prototyping AI concepts that never launch. The safest roles like research and directly working on the models are out of reach for most people due to competition and position scarcity, but that's ok. There are so many positions downstream from those. The key thing to look for is to be in a position where your AI features can actually turn a profit, which might be rare, but not as difficult to get as an upstream role. But its still fine to be in a role that isn't profitable.

I think AI-adjacent roles will either be the first or last fulltime SWE jobs to go during the next tech downturn, which I don't think we are in yet. I am betting on the latter, because I think corporations will continue to reroute more and more funding towards AI all the way down. Even if the current AI cycle ends up as a failure, we are already in the sunk cost stages of commitment. There is no turning back without anything short of a total collapse.

Do you know a specific place in either Anaheim or East SJ that has it?

El Salvador hasn't issued fiat since 2001. Any other presumptions as to why its a fair demand?

No, I went under significantly multiple times, including 80%+ losses that eventually reversed on some. Though these dips wouldn't have been as drastic if I had not stopped DCA purchases.

I've done it repeatedly over the past ten years while DCA'ing. I basically made my own custom funds with 5-10 stocks, set daily purchases for a specific amount, and didn't think about it. Unfortunately I didn't invest enough each time for the amount to be significant, and I also stopped DCA'ing as soon as I couldn't resist checking, saw that I had reached or was approaching a 10% loss in my overall DCA portfolio, and stopped the auto-buys because I felt like I was starting to burn money, when this was actually the best time to continue investing. I haven't sold anything either though. Overall I'm up 80%, which is only $50k.

I think DCA is the most effective investment strategy. Unfortunately I don't have the discipline to keep it up during a downturn. Next time I try it again with picked stocks will be my 4th time, but for now, I'm doing it with index funds. I'm not going to feel as inclined to pause my purchases during an index fund downturn.

Are you saying the shareholders should be held responsible then? Isn't taking responsibility the reason that the CEO is being paid by them?

Your participation in the multiple threads about this tonight is extremely suspicious if you're not someone who has a vested interest in preserving the integrity of Netflix's brand, as both a product and an employer.

Look up "MongoDB is web scale"

There's a recent (2022) game called Ixion with an exploding moon premise. I initially saw it promo'd during a Steam sale, didn't buy it based on some very critical reviews regarding gameplay, and then forgot about it until seeing it mentioned in the 1d6chan Grimdark article.

I spoiled as much as I could short of playing the game, and then skipped through a full play-through on Youtube.

https://www.youtube.com/watch?v=DvPyoPRgrFQ is a good synopsis (full game spoilers). The main writer did an AMA on Reddit with some questions answered, but also made it clear that some things were simply unfinished, or just left up to interpretation.

>This one's a silly conspiracy theory, most executives don't have heavy investments in commercial real estate, at least not directly... residential has been so much more profitable for decades now

What you're replying to doesn't specify commercial.

If you know any executives, you know they own multiple homes. You can connect the dots here between a rise in real-estate prices in tech hubs and RTO directives.

Plus this isn't even about individual executive investments. It is about corporate investments, and duty to shareholders.

It can be 30+ minutes in traffic. I did the Emeryville<->SF commute once when offices opened back up, then decided I needed to move back into the city.

Ok, so which comparatively-paying job is a better choice for her then?

I don't see how this invalidates my original point, can you expand on your argument?

It's more level than literally everything else that pays comparatively. At least the single mom in Philly won't have the fact that she didn't go to Stanford completely invalidate her as a potential candidate when it comes to modern leetcode interviewing.

>This is basically the opioid epidemic being repeated with amphetamine.

No it isn't, it's a repeat of the previous American amphetamine epidemic, which has somehow been successfully memory-holed despite lasting multiple decades.

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2377281/

https://www.smithsonianmag.com/history/speedy-history-americ...

Something I want HN's thoughts on: Does a 7% pay gap matter more or less between low incomes and high incomes?

I'm looking at the bar chart with median annual earnings and a earnings gap percentage. The first gap is 7% (misleadingly labeled as 93%...), which does seem somewhat high.

But then it's for $33,598 vs $31,288. A difference of $2310, an amount that your average Bay Area FAANG SWE earns in two workdays or less (when counting amortized RSU vesting and bonuses).

You could argue that every single dollar matters for someone in that bracket. But what about when the 7% difference hits someone who is making over $500k a year in the Bay Area? Then it's a $40,000 swing. Most of that will get eaten up by taxes anyways.

Which one is worse? I would say the $2310 difference, since the $40,000 is really closer to $20,000 after taxes, and having $220,000 a year after taxes vs. $200,000 doesn't make a huge difference when you're competing for homes that cost $2 million dollars or more.

It would sound way worse with the title "x outearn y by $40,000 a year in the Bay Area", but only to people who don't realize how bonkers the financial scales are here in comparison to developing parts of the country.

Discord has done more to kill traditional forums than Facebook has.

>Is it socially just to stop all these classes of property buyer?

You don't have to stop them completely, they should just be deprioritized while there's a housing shortage.

I lean towards the other poster too. In 1994, my household had a computer with windows 3.1 and games. My dad was a software engineer. I was still in grade school. Every other kid who had a desktop computer and Doom 2 at home had a parent who worked as a software developer/engineer, or they were some sort of IT/network/sys/admin. The only exception I can recall is a kid whose parents were neither, but his uncle was one of the OG Blizzard devs.

Things changed very fast after 1994, though. I think by 1998, everyone I knew had a desktop at home, even if they didn't play videogames.

I really like the idea of this. I look forward to reading what's finished now, as well as what will be released in the future!

I have a huge gap in knowledge for so many things that I interact with on a regular basis, but that I don't actually need to understand well in order to meet minimum job expectations.

This seems like a good book to address network basics. Sadly, I'm a huge procrastinator, but this seems especially important for me to address.

Books that have been in my backlog for years: Database Design for Mere Mortals, Designing Data-Intensive Applications, Building Secure and Reliable Systems, Writing a Compiler in Go, Crafting Interpreters.

All books that I know I need to read, but I just can't get around to it because there's no immediate reward for me, as someone who doesn't have to worry about any of these days in my day-to-day duties.

I don't think it's a matter of not being good, just that others are that much better. It might sound similar, but it's not. You're still better than hundreds of thousands, or even millions, of people.

It's like being a tech worker who earns $400k a year and saying "I don't earn that much, there's people who do what I do clearing seven figures a year, and others who were able to retire in their early 30s and don't even have to work anymore because they became so wealthy from work." Sure, it's not a lot of money compared to those people, but it is when compared to the vast majority of wage earners in any region in the world.