60 Minutes segment of rising rent

[88m3]

frightful

 

[ahomeplateslugger]

I mean who has $1M to drop on a crib like that tho???!?

couples with high paying jobs or people who get bonuses and/or stocks can save a lot. for example an engineer at a publicly traded tech company will probably get 50-70k in bonus and still get their RSU which can be another 50k. combined with their salary and their partner's salary they can save up a lot and save it fast.

 

[ORDER_66]

couples with high paying jobs or people who get bonuses and/or stocks can save a lot. for example an engineer at a publicly traded tech company will probably get 50-70k in bonus and still get their RSU which can be another 50k. combined with their salary and their partner's salary they can save up a lot and save it fast.

Yeah ok

 

[ahomeplateslugger]

Yeah ok

you don't believe me or is it something else?

 

[ORDER_66]

you don't believe me or is it something else?

Both!!!

 

[MoneyTron]

Both!!!

He's right though, which why rent in a city like Seattle is crazy. Those tech jobs pay dumb money. My brother works for Microsoft in HR. He gets paid well but the engineers are making bank.

 

[ORDER_66]

He's right though, which why rent in a city like Seattle is crazy. Those tech jobs pay dumb money. My brother works for Microsoft in HR. He gets paid well but the engineers are making bank.

I mean i dont doubt these people making money but the requirements and down payment on a 1M dollar home tho?!!?

 

[ahomeplateslugger]

Both!!!

i didn't believe it until my director told me about it. he was a helpdesk manager at yahoo during their peak and was getting 50k bonuses and stocks. our salesforce administrator left for google recently and got 20k to sign with them. my director is interviewing with google and they told him as a project manager he'll get 70k a year in stocks. it's wild out there.

Google Engineer Shares How They Made Over $1 Million In Total Annual Compensation: The Advice Applies To Everyone

The big money is in stock and options. Directors of engineers at Google, sometimes called “principal” engineers at the “L8” job level, can earn base salaries of $300,000 or more, but the verified Google professional reports a total compensation package of $1.5 million—split between a base salary of approximately $400,000, a bonus and stock-based compensation. The annual cash bonus is 30% or $120,000, which means directors of engineering can receive about $1 million in restricted stock units each year.

For most people, the annual compensation is enormous. It seems within the tech sector that over $1 million is just okay and on “the low end of externally hired directors at FANG,” the acronym for leading tech companies Facebook, Amazon, Netflix and Google. The director said leaders at Amazon tend to earn less compared to the other top technology companies.

 

[ORDER_66]

i didn't believe it until my director told me about it. he was a helpdesk manager at yahoo during their peak and was getting 50k bonuses and stocks. our salesforce administrator left for google recently and got 20k to sign with them. my director is interviewing with google and they told him as a project manager he'll get 70k a year in stocks. it's wild out there.

Google Engineer Shares How They Made Over $1 Million In Total Annual Compensation: The Advice Applies To Everyone

The big money is in stock and options. Directors of engineers at Google, sometimes called “principal” engineers at the “L8” job level, can earn base salaries of $300,000 or more, but the verified Google professional reports a total compensation package of $1.5 million—split between a base salary of approximately $400,000, a bonus and stock-based compensation. The annual cash bonus is 30% or $120,000, which means directors of engineering can receive about $1 million in restricted stock units each year.

For most people, the annual compensation is enormous. It seems within the tech sector that over $1 million is just okay and on “the low end of externally hired directors at FANG,” the acronym for leading tech companies Facebook, Amazon, Netflix and Google. The director said leaders at Amazon tend to earn less compared to the other top technology companies.

I'm not concerned with the people able to make good money in the tech sector im worried about the people in other sectors that can't there's plenty of folks struggling

 

[AquaCityBoy]

Oh well.

All these lazy entitled millenials need to stop drinking Starbucks and eating avocado toast, and switch to lentils instead of meat and maybe they could actually afford a place to live.

 

[Brian O'Conner]

We are moving into 3rd world territory as far as no middle class just rich and poor. Government ruled by oligarchy.

 

[TheDarceKnight]

This system is not sustainable. Capitalism is eventually going to eat itself because there is no incentive in a market economy to do the morally right thing if it interferes with profits.

We see it the effects in health, energy and now housing. How far can they squeeze the public before people are fed up enough to take action?

I ask myself this all the time. I'd think not much more, but who knows? In some ways I think people are just appeased enough with iPhones and Netflix and social media, and so overworked and stressed and out of shape that they don't have the interest or the means to do much about it.

On the other hand it does seem something has to break. The system is absolutely not sustainable.

 

[TheDarceKnight]

We are moving into 3rd world territory as far as no middle class just rich and poor. Government ruled by oligarchy.

I heard a quote this year that said America is a 3rd world country that's rocking Gucci.

 

[ADevilYouKhow]

Oh well.

All these lazy entitled millenials need to stop drinking Starbucks and eating avocado toast, and switch to lentils instead of meat and maybe they could actually afford a place to live.

it would be better for the planet if they did

 

[mastermind]

couples with high paying jobs or people who get bonuses and/or stocks can save a lot. for example an engineer at a publicly traded tech company will probably get 50-70k in bonus and still get their RSU which can be another 50k. combined with their salary and their partner's salary they can save up a lot and save it fast.

You realize most millennials arent working in the Tech field.