Is it impossible to buy a house in the Bay?

Google / Eng
asteral

Google Eng

PRE
StartUp Health
asteralmore
Jul 14 43 Comments

Is it for L3-L4 Engs to buy a home in the Bay. I am an L4 Eng trying to get a home. Been saving up for it for the past 3 years. When I finally think I have enough money for a down payment, there is this housing scare. Is it worth living in the Bay in the long term. Or is it advisable to move to other Eng offices: Seattle, Boulder, Austin.

Factors I am considering for the move(in order):
- Chance of owning a home
- TC diff.
- Teams/type of work
- General quality of life
- climate
- restaurants, theaters, things to do .. etc

Haven't started analyzing all the pros and cons for all the locations yet. I wanted to get some general advise on whether I am missing something important in my considerations.

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TOP 43 Comments
  • Facebook lnstagram
    Yes, moved to Seattle, don’t waste time
    Jul 14 11
    • Facebook lnstagram
      There was an internal research at FB on effective TC in different major cities.
      Jul 15
    • Facebook / Eng kobay
      Again, FB pays same. Not everyone pays same in BA and SEA
      Jul 15
    • Facebook lnstagram
      Exactly. That’s why you can use that data to see how much you lose by moving to BA from Seattle.
      Jul 15
    • Facebook / Eng kobay
      Your suggestion suck up the shitty weather and stay within FB, Airbnb or Uber in Seattle. Almost all other companies including G/MSFT adjusts for CoL.

      When I joined FB 3 years ago, FB offered me more RSU in Bay Area compared to SEA + $100k sign on. base was same. Now FB pays same.
      Jul 15
    • Facebook lnstagram
      All other companies adjustments are about 10%, which is less than the effective difference of 20-30%
      Jul 15
  • Facebook uijtrd
    Get to L5, marry another L5. Problem solved
    Jul 14 6
    • Neurocrine gomv61
      😂
      Jul 14
    • Salesforce shaman
      Yikes L5 wife
      Jul 14
    • Google / Eng oilchange_
      L5 married L7 when she was L3 you sucker. Women don’t kid around.
      Jul 14
    • Google / Eng
      asteral

      Google Eng

      PRE
      StartUp Health
      asteralmore
      OP
      Yes, was worried about it getting interpreted this way. I meant I don't think I have what it take to get a L5 partner.
      Jul 14
    • Neurocrine gomv61
      Why not?
      Jul 14
  • Lyft done2
    Be glad you didn’t buy a year ago man.
    Jul 14 5
    • Facebook public2
      Why? A year ago rates were about the same as they are now and you would have a higher quality of life and a few percent appreciation as icing on the cake?
      Jul 14
    • Amazon Northman
      Because prices went down in many places over the last 12 months.
      Jul 14
    • Facebook public2
      Ahh your right, sew some places outside of the bay did drop. That's ok, happens.
      Jul 14
    • Microsoft lHcN54
      Facebook, stop trolling. The rates were higher last year, the prices in San Jose metro area are down 6% YOY in May. Check Redfin data center if you don't know what is happening.
      Jul 15
    • Facebook public2
      Not trolling, bought two places last year at 3.6% before discount and once this year at almost the same interest rate. Yes san jose is south of the bay so don't know much about that. 6% drop isn't much, never buy something if you arent ok with it dropping 40% in short time periods imho.
      Jul 15
  • Google vkg38472
    Fuck up hard and get a 90m payout seems to be the best option here.
    Jul 14 3
    • Google / Eng
      asteral

      Google Eng

      PRE
      StartUp Health
      asteralmore
      OP
      Fuck up part seems easy, but the Android part. I don't know. Seems like it could take more than a few days.
      Jul 14
    • Google anonsas
      People forget that he gave Android to Google.
      Jul 14
    • New / Other
      DuQvV7y

      New Other

      BIO
      Did stuff. Hustled hard. Retired
      DuQvV7ymore
      Gave is not a synonym for sold
      Jul 20
  • Amazon jakP75
    If you're not an outdoorsy person move to Austin.
    Jul 14 4
    • Google / Eng
      asteral

      Google Eng

      PRE
      StartUp Health
      asteralmore
      OP
      Don't have all the facts, but I was under the impression that Boulder is a more outdoorsy place.
      Jul 14
    • Amazon dighit
      Not outdoorsy, then Austin
      Jul 14
    • Google / Eng
      asteral

      Google Eng

      PRE
      StartUp Health
      asteralmore
      OP
      Sorry, my bad, misread that.
      Jul 14
    • SolarWinds AnEngineer
      It's no Colorado, but there's still plenty of outdoorsy stuff to do it Austin.

      There are just 2-3 months a year you don't want to do it.
      Jul 14
  • Google / Eng pumaupma
    It's an obvious signal from the market that you should find greener pastures.
    Jul 14 0
  • Google vkg38472
    Austin is not an eng office. Its mostly recruiting
    Jul 14 3
  • Apple powerlines
    Hold your guns mate, things can’t go up forever. Keep renting. I know bashers will come blah blah its bay area it’s never gonna drop and shit, wait till elections at least
    Jul 14 0
  • Oath Atinlay2
    Nobody here can answer this for you
    Jul 14 1
    • Google / Eng
      asteral

      Google Eng

      PRE
      StartUp Health
      asteralmore
      OP
      True, the weights I give for each of these things is subjective, I get it. But I was looking for things like, have you considered X that could significantly your quality of life. Or just rent for as long as you can because Y... etc
      Jul 14
  • Nvidia tronp
    Buy now
    Jul 14 0

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