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Yes, it's ironic.
Prices are falling fast in the SF Bay Area, but I don't want to live here anymore.
I'm with BayArea ^^^. Around here prices haven't dropped a single bit. I live within very easy bicycle commute (or even walking) to Infinite Loop and The Apple Spaceship.
If an engineer with a few years of experience joined Apple 5 years ago, they would have likely seen their initial $250k RSU grant (over 4 years) blossom to $1MM while simultaneously picking up $800k in salary and $200k from the ESPP (employee stock purchase plan). Even if they lost 2/3 of that to taxes, living expenses, and a new Lamborghini, you're looking at $667k sitting in the bank — that's 1/3 of a shack right there. Additional ongoing RSU grants gotten before the stock price run up should be pulling in another $200k/year for a few years even if the stock stays the same from now on, so $8k/month mortgage isn't much of a problem. The poor schlubs that didn't hit the high-tech jackpot are out of luck, but there are plenty of young, houseless people who can afford a house if they want one.
RSUs (r...
If an engineer with a few years of experience joined Apple 5 years ago, they would have likely seen their initial $250k RSU grant (over 4 years) blossom to $1MM while simultaneously picking up $800k in salary and $200k from the ESPP (employee stock purchase plan).
Suburbs are in bidding frenzies
BayArea saysSuburbs are in bidding frenzies
Maybe you can bid on this one.
https://www.eastbaytimes.com/2020/10/13/bankruptcy-default-crime-jolt-big-fremont-real-estate-housing-retail/
https://www.eastbaytimes.com/2020/10/13/bankruptcy-default-crime-jolt-big-fremont-real-estate-housing-retail/
.
Seems like the entire thing was an visa scam
We pass these developments every week on 680. Guess it may be another foreign 'scam and scram' fraud operation,
SunnyvaleCA saysIf an engineer with a few years of experience joined Apple 5 years ago, they would have likely seen their initial $250k RSU grant (over 4 years) blossom to $1MM while simultaneously picking up $800k in salary and $200k from the ESPP (employee stock purchase plan).
The stock thing could happen, but salaries are nowhere near $800K
BayArea saysSuburbs are in bidding frenzies
Maybe you can bid on this one.
https://www.eastbaytimes.com/2020/10/13/bankruptcy-default-crime-jolt-big-fremont-real-estate-housing-retail/
We pass these developments every week on 680Reminds me of the I-30 condo scam in Dallas of the 1980's!
$800k collected in salary over 5 years is $160k/year
My current rent is less than 25% of my net income, by choice. It's not that hard...
Moral of the story, I agree with Nutt, just get the fuck out of CA. 80% of the time you're sleeping or working. Is that 20% of free time really worth it to live there?
Moral of the story, I agree with Nutt, just get the fuck out of CA.
we are back in San Diego
we are back in San Diego. ...The move just ended up being a lot harder on my daughter and wife and I anticipated.
Where did you move? Was it ID?
900 homes burned up (over 9000 in the state)
https://theweek.com/articles/928424/housing-crisis-here