[maxfurman]

FAANG salaries are so bloated because Bay Area housing costs are insane. Someone making 500k could put half or more of into their mortgage.

I've said it before on here, but I live very comfortably in Philly for a lot less than that.

[Workaccount2]

I'd argue it's the opposite. We're coming off a decade of free money driving a second tech boom.

If interest rates stay elevated, and value investing becomes valuable again, it will be interesting to see how the tech space transforms. When start-ups have to compete with money market funds or even treasuries for investor cash, things become orders of magnitude tighter and more challenging.