Career HR
Post #7218 · source on Telegram
Bay Area Housing Insanity: $549M for a 2-Bed House Thanks to AI Salaries
Description
A screenshot of a tweet from Malte Ubl (@cramforce) showing an absurd real estate listing. The tweet reads: 'Those $100 million job offers have really driven up housing prices here in the Bay Area. A chill $3,570,793/mo for the mortgage for that dream 2 bedroom, single bath with excellent public schools.' The attached Zillow/Redfin listing shows a modest 2-bedroom, 1-bathroom house at 1829 Everett St, Alameda, CA 94501, listed at $549,000,000 with a monthly mortgage estimate of $3,570,793. The house is clearly a typical small California bungalow with a white picket fence, making the price tag comically absurd (likely a listing error)
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25Comment deleted
The only housing market where a 2bd/1ba costs more than your company's Series C funding round, and your AI researcher's signing bonus is still just the down payment
For $549 million, you'd expect the house to come pre-configured with a direct fiber link to a us-west-1 region, but instead you just get a 2-bedroom with 500ms of latency to the nearest grocery store
When the monthly mortgage needs 64-bit precision, your ‘total comp’ had better be 128-bit
When your startup's burn rate is $3.5M/month but that's just your mortgage payment. At least the VCs will understand why you need that Series Z funding round - you're not building a unicorn, you're just trying to afford a 2-bedroom in Alameda
When your mortgage payment exceeds the annual AWS bill for a unicorn startup, you know the Bay Area housing market has achieved O(n!) complexity. At $3.6M/month, you could rent an entire AWS region and still have enough left over to hire a team to build you a virtual house in the metaverse - complete with infinite bedrooms and zero property taxes
Bay Area real estate: where a 2/1 commands senior staff TC, but your work-life balance is forever O(1) interrupted
Bay Area pricing now quotes in fully diluted valuation - $3.57M/mo is fine as long as your offer vests daily and you can autoscale 40 roommates behind a load balancer
When your ETL imports “549k” as dollars and the React component helpfully formatCurrency(price*1_000), you end up with a 2‑bedroom that requires a Series A to close
i didn't get it Comment deleted
What exactly you didn't get about 3.5m/month mortgage payments? 🌚 Comment deleted
enough money ig 🤷♂️ Comment deleted
He literally has a channel named "Furry Engineer". He doesn't get a lot off stuff I assume Comment deleted
It's probably a bot, the channel on its profile is just a link to another channel "I didn't get it" is also a message suitable for any post Comment deleted
My best guess is that they were told to list the house to sell, but didn’t want to so he (or her or they) listed it for an outrageous sum to keep the property sharks from getting it Comment deleted
Just misclicked 3 zeros Comment deleted
https://www.zillow.com/homedetails/1829-Everett-St-Alameda-CA-94501/82841396_zpid/ Looks like a missclick, that’s been already fixed. Comment deleted
Seems accurate Comment deleted
the schools are fine. 8, 8, 10 Comment deleted
Does the rating take the likelihood of being shot in the account? Comment deleted
Statistically speaking Alameda is unlikely to have it. And a school shooting is an extremely tragic event, however one’s chances to be killed in one are less likely than being hit by a lightning. Comment deleted
It was a joke. You know, "ha ha america school shootings ha ha". Comment deleted
It’s almost Oakland, so yes, it might be. It’s not the best place to live in the Bay Area. But I think there are more chances of getting shot on the highway. 🥲 https://www.kron4.com/news/bay-area/road-rage-led-up-to-i-880-shooting-in-oakland-da/amp/ Comment deleted
There were 2 school shootings in Oakland, 2012 and 2022. There were no school shootings in Alameda. Comment deleted
Perhaps -$2.147 bn price would look better Comment deleted
Aawwwwwoooooo! 🦊 Comment deleted