OT: Another Relo to San Diego…

[XBoxBoy]

[quote=EconProf]But yesterday a factoid came out from the Hoover Institute of Stanford University that is more relevant to RE trends. CA has lost more businesses to other states so far this year than all of last year: 74 so far in 2021 vs. 62 in all of 2020. So the exodus of people (as per Census Bureau) and businesses is accelerating.[/quote]

Honestly, truth be told, I hope a lot more people and companies leave. It would make me very happy to have fewer people in San Diego. (It would also make the ridiculous rise in house prices slow which I would like.)

Unfortunately, from everything I see, people aren’t leaving, house prices are still rising, and California still seems to be the land of opportunity. I wish it wasn’t so, but it does seem to be that way.

[sdrealtor]

Yes bingo night at our clubhouse was a rousing success! Although the kids were pissed when some 85 yr old ringer took home the $200 pot with only one $2 card

[Coronita]

[quote=The-Shoveler]Seriously?

We have a few engineers in Guadalajara but they don’t seem interested in immigrating (but really never asked the so don’t know).

Also agree bingo nights would be much more productive use of the HOA’s board members time LOL.[/quote]

Lol my engineers in Mexico city were basically making US wages in Mexico city. so they have been saving like crazy and are in a good financial position to own outright in UT, or close to it. They still want to come to the US because of the opportunity once they have their green card.

[Anonymous]

Under what program do they expect to get a Green card? Going from H1B to green card is not a slam dunk and I think it takes at least 6 years before you can apply. Given the nomadic nature of the modern tech workers as we’ve discussed, probability is pretty low these guys will still be working for your company in 6 years.

[Anonymous]

Mexico City is a very expensive place to live, by the way, if you want to live with US level creature comforts. I think salary would go much further in many areas of the US.

[Coronita]

[quote=deadzone]Mexico City is a very expensive place to live, by the way, if you want to live with US level creature comforts. I think salary would go much further in many areas of the US.[/quote]

My employees say they get a full driver and nanny and their rent is like $200/month for a pretty decent place.

[Coronita]

[quote=deadzone]Mexico City is a very expensive place to live, by the way, if you want to live with US level creature comforts. I think salary would go much further in many areas of the US.[/quote]

H1-B EB-2, typically reserved for Masters/PHD and more heavily skilled people.

Anyway, the guy closed escrow last week and moved in this week. Nice home. Living the american dream…at least a preview to it…pretty happy to be here.

[Anonymous]

[quote=Coronita][quote=deadzone]Mexico City is a very expensive place to live, by the way, if you want to live with US level creature comforts. I think salary would go much further in many areas of the US.[/quote]

H1-B EB-2, typically reserved for Masters/PHD and more heavily skilled people.

Anyway, the guy closed escrow last week and moved in this week. Nice home. Living the american dream…at least a preview to it…pretty happy to be here.[/quote]

Sure, but no guarantee he will ever get a green card, not that it is necessary. Best bet is to marry a US citizen.

[Anonymous]

[quote=Coronita][quote=deadzone]Mexico City is a very expensive place to live, by the way, if you want to live with US level creature comforts. I think salary would go much further in many areas of the US.[/quote]

My employees say they get a full driver and nanny and their rent is like $200/month for a pretty decent place.[/quote]

Not a chance in hell. You can’t get a place in TJ for anywhere near $200 a month. Or maybe you just made a typo, I think you are missing a 0.

[Coronita]

[quote=deadzone][quote=Coronita][quote=deadzone]Mexico City is a very expensive place to live, by the way, if you want to live with US level creature comforts. I think salary would go much further in many areas of the US.[/quote]

H1-B EB-2, typically reserved for Masters/PHD and more heavily skilled people.

Anyway, the guy closed escrow last week and moved in this week. Nice home. Living the american dream…at least a preview to it…pretty happy to be here.[/quote]

Sure, but no guarantee he will ever get a green card, not that it is necessary. Best bet is to marry a US citizen.[/quote]

Yes, i fat fingered. $2k is for house rent + live in nanny + driver + general food/etc.

We pay him about $10% less than an equivalent Senior Engineer here in SD.

As far as visas are concerned. That was a concern with the trump administration, less so under a normal administration. During the Trump days, at my previous company, we had a few people from Spain that had their greencard status put on hold, and then they had visa issues, so they left our company, when back to Spain, and worked for a subsidiary there. But that was more attypical in the high tech field… Lots of Qualcomm engineers started as H1-Bs, and because they can’t go anywhere else for the next 5-6 years ( in the past), they put in their time. At the end of the 5 years they didn’t want to go….because they fully vested their stock grants and were sitting on a very nice stock option/RSU grant. That’s one way to keep employees and not worry about base pay raises. Qualcomm typically had lower than average base pay but the stock grants more than make up for the difference. Also they were on 6 month review cycles and had a hefty bonus. Intuit, use to be the same way also, their annual bonus was 20%+ cash on top of stock. Not sure these days. Illumina has a pretty good package too, though typically they only hire good scientists… not so much the low level IT type work. Also , unlike years past, things are slightly better with the transferability of H1-Bs across employers via an I-129. So H1-B’s to some extent ,are no longer “stuck” at an employer waiting for greencard eligibility, in case it turns out to be a bad employer, closes, etc.

Lots of foreign talent don’t need to “marry” for a greencard. They can make it on their own perfectly fine, and in a lot of ways, probably prefer that. We’re not talking about mail order bridge and grooms here….Besides. the purchasing power of that is less now too with inflation and the rising cost of housing here in the US, lol.

[barnaby33]

Sure, but no guarantee he will ever get a green card, not that it is necessary. Best bet is to marry a US citizen.

You sure do sell the dream deadzone.
Josh

[sdrealtor]

[quote=deadzone][quote=Coronita][quote=deadzone]Mexico City is a very expensive place to live, by the way, if you want to live with US level creature comforts. I think salary would go much further in many areas of the US.[/quote]

H1-B EB-2, typically reserved for Masters/PHD and more heavily skilled people.

Anyway, the guy closed escrow last week and moved in this week. Nice home. Living the american dream…at least a preview to it…pretty happy to be here.[/quote]

Sure, but no guarantee he will ever get a green card, not that it is necessary. Best bet is to marry a US citizen.[/quote]

It’s Utah! He can marry a few!

[svelte]

[quote=sdrealtor]

It’s Utah! He can marry a few![/quote]

Lol. Half of my family tree is Mormon, starting with my great grandparents. As I do genealogy, I’m running into quite a few polygamists. Which is making for some complex family tree diagrams.

I’m also finding my relatives from Idaho and Utah were no saints. Quite a few interesting events back in the late 1800s, early 1900s that were never passed down to me. I’m only now finding out about them through century old newspaper articles.

[The-Shoveler]

Another data point,

We just hired into our group a fully remote worker moving down to SD from San Jose.

(our company is L.A. based)

[Author]

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