In silicon valley, apartment rents are up 20% relative to one year ago. People are getting hired, clearly. Not sure who.

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BadCookie 7 hours ago | parent | next [-]

Or people who were remote got called back to the office. Or they lost their job while living elsewhere and had to move to the Bay to find a new one. An increase in the net number of jobs is not the only possible explanation. The jobs might just be changing their geographic requirements.

Anecdotally, I know one couple who is selling their house to move back to a tech hub for better job opportunities. Another couple working from a rural location recently had one partner lose their big tech job. If the laid-off partner doesn’t get a new job in the next few months, I expect that they will start talking about moving, too.

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petilon 7 hours ago | parent [-]

> Or people who were remote got called back to the office.

That's not the explanation according to this article [1].

> Or they lost their job while living elsewhere and had to move to the Bay to find a new one.

It is hard to afford Bay Area rents -- even if you have a job. I can't see someone looking for a job signing a 1-year lease at these rates. Also, unlike the old days, interviews are remote, being physically present in the Bay Area doesn't give you an advantage.

[1] https://www.sfchronicle.com/bayarea/article/remote-work-stab...

	▲	BadCookie 4 hours ago \| parent [-]
		It’s not hard to afford Bay Area rent if one partner is still employed in tech, especially if they are older and have savings or home equity to cash in on. The article you linked to seems to say only that employers have been unsuccessful at enforcing 100% in-office work. It does not say that people have been successful at keeping their 100% remote jobs in other states and far-off locations. Overall, we seem to be reaching a compromise where many are forced to live within commuting distance of their office but aren’t necessarily there every day. This compromise is what is pushing up rents from what I am seeing among my network. In other words, “remote” and “hybrid” are not at all the same but you are using the terms interchangeably. You can’t live in Idaho and commute to SF three days a week without major inconvenience and expense. Maybe you aren’t aware, but house prices skyrocketed in many locations (like Idaho and Florida) during the pandemic because of an exodus of Californians who were told that they could keep their high-paying jobs and live almost anywhere. The tide has reversed now. As for interviews, I have read multiple Hacker News comments from people saying that their solution to rampant AI cheating has been to make interviews in-person again. So I’m not convinced that you’re right about that either…

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petra 7 hours ago | parent | prev [-]

Startups need more than just junior software developers, and AI opened many new opportunities for startups.

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petilon 7 hours ago | parent [-]

What kinds of people are they hiring? 1 BR that used to be $2750 last year is now $3400, clearly they are getting paid a lot.

	▲	petra 5 hours ago \| parent [-]
		No idea. I'm not from the US.