- 1.2m cash
- 300k RSUs (probably worthless or I leave before 4 year vesting cliff)
- 200k equity (only one job is at a publicly traded company)
- <150k cash bonus
More power to you, man. I find 0..1 of these startups provides enough daily aggravation. (Though that could argue for throwing a pile together and ending it quickly.)
I guess technically the math works out that way :)
In my opinion I'm seriously mediocre as an engineer. Slightly above average at best. I'm just good at managing my time, which is more of a business/personal skill than any engineering skill.
I did a lot of leetcode when I first started. Nowadays, and especially in this market, it's not hard to find companies not doing any leetcode style interviews. If you have a decent GitHub profile and years of experience you can outright say in interviews that you won't be doing any leetcode style problems. It's an engineers market, take advantage of it!
I have no issue with employers being exploited, they would exploit you too. But the housing thing is gross — the reason housing is so distorted is that the wealthy are actively trying to deny folks access to housing. There are so many better ways.
Landlording is always a scum action. It is a personal choice to seek rent with no benefit to society while enriching oneself and preventing others from building their own wealth. Landlords hobble the middle class wealth generation, extract most of the gains from industry and then refuse to maintain their properties.
We need to make it so uncool to be a landlord. They are all scum, no exceptions.
I’d rather that housing didn’t cost a death pledge for 30 years of labor — like say every other time in human history pre-1980s.
I get that they provide you a house, me too, however if they didn’t exist housing wouldn't be a problem. It’s the best of a bad situation. At best a landlord that treats you well is the abnormality — they are still scum who deprives everyone else from ever owning a place.
I'll admit, it is an interesting thought experiment to explore what a society would look like with a 100% moratorium on rentals. It seems like you would have to do away with down payments or there would be widespread homelessness. I imagine mortgage rates would be through the roof, as new occupants wouldn't have equity in the house to protect.
Owner occupation rates are about the same since the 1960s, and worse before. I wonder if there are examples that approach this ideal. Perhaps family homesteads during the US westward expansion, but even then there was a lot of landless workers.
I was going to spend some time justifying my rental portfolio but alas I fear it will fall on deaf ears.
Thank you for your somewhat constructive criticism. I'm sorry to hear that you feel that way. Given your username, I assume you are just as worldly as I am. In that case, I hope your HODLing habits lead to success. Eventually, you will become the same "evil" that you despise... you will eventually become... me. HODL!!
Thank you! My post was overly emotional and it triggered me when I read you were landlording. Like — I have no issue with you drawing multiple wages, but then using that money to extort rent from working class folks just was a bridge too far for me.
As a renter I have experienced some really dirty actions from landlords, and given the drop in housing inventory, landchadding just seems exploitative with no gain for society.
There are many better investments that do not involve such depriving folks of the housing stock, don’t have the stress of dealing with people and better returns. Leasing property is like lazy stupid money that could do better elsewhere.
I don’t think money makes one evil. But one can use it in evil ways. I have done well over the years but I always to to consider what impact my investments have on the world or society.
Just because you have had a bad experience with a landlord does not make all landlords bad. Just like you probably had a bad experience at a restaurant, does that mean all restaurants are bad?
This isn’t a good analogy. And landlords like to delude and justify that they are not one of the bad guys to themselves. They say oh that’s just your experience with bad ones. No, the entire system is rotten.
If restaurants went round gobbling up the food supply and then the only place to eat was at exploitative prices, then yeah, all restaurants would be scum.
I think it's an apt analogy. You seem to be implying that all landlords are huge corporations that are gobbling up all the properties out there.
Individual landlords like myself are small time. I'm pretty much a mom and pop restaurant and you're criticizing me like I'm the McDonalds corporation.
I personally know 80% of my tenants and they've been renting from me for years.
