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What you knew for years - is now official


               
2013 Oct 10, 1:50am   13,190 views  49 comments

by FortWayne   follow (1)  

http://blogs.wsj.com/developments/2013/10/10/where-can-the-middle-class-buy-a-home/?mod=WSJ_article_EditorsPicks

For those of you in the coastal elite who are reading this post for the perverse pleasure of finding out just how unaffordable your city is, you might be surprised to hear that New York isn’t No. 1. San Francisco is the least affordable place to be a middle-class buyer, with only 14% of homes within reach of those making the median San Francisco household income of $78,840, according to Trulia.*

However, we were slightly surprised by the next two most unaffordable places, Orange County and Los Angeles, respectively. New York was the fourth least affordable place to be middle class. After that were San Diego and San Jose and Ventura County.

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41   thomaswong.1986   2013 Oct 14, 6:01pm  

drew_eckhardt says

Heraclitusstudent says

Most software developers can work remotely from Ohio.

Most companies do not hire software engineers for remote work and where they do they usually opt for employees living in emerging countries where they can pay 1/5th what they have to in America.

GE, AT&T, IBM and many others have many remote work RD centers across the nation . Its been very common for Decades.. Here in SV everyone of Tech companies have RD centers in other states... its cheaper and there is no need to have R&D near HQ.. they work on Long Term projects anyway... not involved in monthly sales/revenue cycle.

42   RealEstateIsBetterThanStocks   2013 Oct 14, 6:34pm  

this is good news for those who bought in SF, OC, and L.A a year ago...

43   RealEstateIsBetterThanStocks   2013 Oct 14, 6:36pm  

yep be careful with those work-from-home jobs. if they can hire you remotely they can also hire Indians remotely. they will do a crappy job but they get paid much less ($13K/year)

44   SiO2   2013 Oct 15, 12:52am  

thomaswong.1986 says

drew_eckhardt says

Heraclitusstudent says

Most software developers can work remotely from Ohio.

Most companies do not hire software engineers for remote work and where they do they usually opt for employees living in emerging countries where they can pay 1/5th what they have to in America.

GE, AT&T, IBM and many others have many remote work RD centers across the nation . Its been very common for Decades.. Here in SV everyone of Tech companies have RD centers in other states... its cheaper and there is no need to have R&D near HQ.. they work on Long Term projects anyway... not involved in monthly sales/revenue cycle.

Thomas is right. But, the flip side is that if you want career advancement, it's better to be in HQ. (that may not be important for everyone).

Also, if the time comes to make some cuts, it's tempting to streamline by cutting a remote center.

Heraclitus said that you can work in hq, develop a rep, then go remote. Possible for sure, but again, can be a target for future cuts. And then getting another sw eng job in a non-tech city could be challenging.

So it's certainly an option, but not a panacea either.

45   FortWayne   2013 Oct 15, 2:57am  

thomaswong.1986 says

John Bailo says

Is Detroit really that bad?

The 5 Best Detroit Neighborhoods

When you hit bottom .. you have nothing to lose.. therefore Detroit might just

try the unthinkable... get rid of the Govt, Big Unions, implement a Pro Business

Growth Policy and perhaps become a beacon of new 21st Century Economy.

Within 15-20 years they might have a huge turnaround..

Last time I was in Detroit it was destitute there. That place isn't recovering any time soon. Empty neighborhoods, houses that are falling over, a lot of crime. Often utilities are not available. Some folks hunt for food, not something you'd expect in a city.

It'll be ok eventually, but not until enough folks move out. That place can't be sustained the way it is. There are no industries or money there. Unless you plan to open Walmart to accept EBT cards, don't expect to have any future there.

46   freak80   2013 Oct 15, 2:59am  

Plus the weather sucks.

47   exfatguy   2013 Oct 15, 3:22am  

Detroit has reason to exist, but definitely not as big as it once was.

Ask yourself, if you were going to build a big city from scratch, would you pick the location where Detroit is? Probably not.

So let it become some small town near the lake. If that area needs more industry, put it in Toledo or somewhere more easily accessible.

48   Rin   2013 Oct 15, 4:04am  

SiO2 says

Heraclitus said that you can work in hq, develop a rep, then go remote. Possible for sure, but again, can be a target for future cuts.

This is known as corporate face time where in effect, you mingle with execs, touting the value of your work, every month. Remote workers, for the most part, simply hope that the work speaks for itself.

The thing here is that I live in western MA and when I did contract in Boston or Providence, I would periodically rent a crash pad/room, near the cities, so that I wouldn't have to drive 1.5-2 hrs per day, to generate that face time.

49   freak80   2013 Oct 15, 6:08am  

Rin says

This is known as corporate face time where in effect, you mingle with execs, touting the value of your work, every month. Remote workers, for the most part, simply hope that the work speaks for itself.

Rin, you seem to understand the cynical game that is Corporate America. :-)

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