India
3h
338
People who like Modi, are you okay with your country’s leader using words like “infiltrators” for a community?
Tech Industry
7h
1145
Lack of diversity in engineering division at X
Tech Industry
9h
731
Would you burn the bridges for 2x salary bump?
Tech Industry
8h
1855
Tech companies to avoid as a white guy?
Tech Industry
10h
3102
Be a wh0re
So my fiancée and I have started house hunting in the Bay Area. We've accumulated a decent nest egg, but I'm wondering how much we should realistically budget, given that our RSUs will eventually taper off. We're in non-technical roles, so our refreshers are mediocre. I just happened to have gotten a few refreshers already + held most of it + my stock popped this year, so I feel like using current TC in mortgage calculations isn't quite accurate (i.e. max house price = 3x TC). We currently have $700K in liquidity (below) and are considering houses in the $1.3 - $1.5M price range, which is roughly $6.5K monthly. Excluding RSUs, our monthly take home is about $12K. Excellent credit scores and no debt, though planning to have kids in ~2 years. Given all of this, is it still reasonable to consider houses in our current price range? Or do we need to lower the budget if kids/childcare is on the horizon? Or am I just overworrying? Combined Base: $250K Cash: $150K Personal Stocks: $175K Vested RSUs: $375K My unvested RSUs: $450K through 2023 Her unvested RSUs: $50k over 4 years (new employee at Roblox, hoping the IPO goes well) #housing
I’m looking in the same price range OP. Although I’m single, looks like houses in this range are hard to come by. Happy to exchange notes via DM
I’m in a very similar situation as you, and I purchased a 1.7m house, so you should be good.
Which area?
What role are you in with $700k RSUs? Director level?
Nope, L5. It's just that our stock has basically quadrupled this year.
That's amazing. I keep hearing the advice that vested RSUs should be sold immediately upon vesting but I'm not so sure now. Your case in point.
Super similar numbers, but my wife is minimum wage worker; I have 2x more cash; just won a bid under 1.5 by bidding 100k over ask in a good school district...the secret is you can remove mortgage contingency, but still get a mortgage - basically rolling the dice that if mortgage rejects last minute, you lose 3% earnest
Have you factored in capital gain taxes on your personal and vested RSUs?
Not yet, but that's a good reminder. That'll probably eat up at least $80k.
Check your math. It will be at the marginal rate.