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Due to some negotiation, my tc split is, 250 - 50 - 400 (grant), vest over next 4 years will be more. So 1.6m over 4 years is just equity. But I have a small condo (fully paid off) in Palo Alto (1.5m) and have no expenses coming up (in a good school district). We are planning to live just on base salary. Early 30s. Is it time to upgrade and buy a house? What can we afford only on base salary?
Not frugal at all. Living off of base salary is a smart choice.
Woah. The base + bonus suggest you are an L6. How did you manage to get 400k grant / yr? Is there a retention bonus involved?
Yes
I would live off your base for 3 years. Then use those stocks and profits from the sale for a large down payment to upgrade to a SFH.
As a shareholder I really hope you're bringing the company at least $1M/year that we couldn't get just for another $400k spent on an l5 pleb. Otherwise, just let us know so we dump the stock if google is overpaying so much for human labor
I think I am
Guy is jelly
No
I would wait until Fall to buy a home because prices slightly decrease after the summer selling season and this year the cost of mid market homes should decline if interest rates rise substantially.
Why buy a house if you are fine with where you live now?
Congratulations with that TC at Google!
Even if you have multiple children, there should be no question that $250k is sufficient to live on.
We live off base salary only. We own a SFH in Palo Alto, the thing is after you vest your 4 years grant you can use that as down payment for your SFH and then your mortgage will be manageable if you want that upgrade.
Can I dm you?
Sure