[thesuavefactor]

I theorize it's the wage gap. Why bust your ass for a company that makes millions or more, when the wage you get as an employee will not even allow you to buy a roof over your head?

Real estate is bought in bulk by the same people that rake in the big bucks in those companies as well. And rented out to people that can't afford to buy a house for premium profit.

The same is happening online: companies are using the collective intelligence of everyone to train models to sell back to those same people for profit.

We're getting screwed at both ends

For the first time in a long while a generation is worse off than their parents. Food, housing, health, clean air and water. Every basic need from the bottom of Maslow's pyramid is currently under scrutiny.

[hu3]

> I theorize it's the wage gap. Why bust your ass for a company that makes millions or more, when the wage you get as an employee will not even allow you to buy a roof over your head?

Something related I heard yesterday during consulting in a client:

"Boss makes a dollar, I make a dime, that's why my code, comes from AI"

[itake]

> when the wage you get as an employee will not even allow you to buy a roof over your head?

is this actually an issue for tech workers? I don't know a single person in tech that can't afford a home within 30min of the city center.

[fishpen0]

HN is full of tech workers yes, faang workers no. HN is full of way more people in tech roles at non-tech and old-tech companies who don't shower them equity that only goes up than you might be aware of. I work in the meetup space and know many dozens of tech workers in Boston that are feeling the rent squeeze and will never own property here

[itake]

On redfin, I see lots of properties less than $1m near Boston center. A $1m home is $9k/mo at today's interest rates and considering repairs, insurance, etc., assuming 20% down.

$30k/mo income pre-tax or $360k/yr. Obviously not ideal, but a dual income family can afford this. My tech worker friends typically put more down 20% down (avoid jumbo loans), so their monthly could be much lower.

[lainga]

Crying shame, I would have liked to have known you in another life