[Coronita]

about $1100 /year for 2600 sqft.

It’s through Foremost (a farmers insurance subsidy) that was referred to me from Costco’s Auto Insurance carrier (American Family Ins, I think that’s what it’s called).

FWIW I ditched allstate for both my homeowners, renters, and auto insurance because Allstate rates went up by a bit…

Costco’s Auto was way lower than Allstate and AAA and GEICO (which sucks)…

The only insurance that was lower was Hagerty Insurance which I use to insure my two oldest cars under their “classic car” insurance….which is pretty funny because both old cars are just old. They aren’t “classic” by any means… But Hagerty insures them as long as they are garaged. Those 2 old cars are insured for about $350/year total with a 250k/500k liability, $250 deductible comprehensive and a $500 collision.

[Coronita]

[quote=sdrealtor]Whats funny is he thinks the workers all hold onto the stock in the companies they work for. Pretty much all the guys I know that work for the big tech companies sell their RSU’s as soon as they can. They are smart enough to understand they are fully invested in the company with their jobs so they cash out regularly. I guess someone not in that position might not know that

Gotta work on some market updates[/quote]

Well, when companies didn’t care as much before and didn’t have as many restrictive insider stock policies…There was a lot more to just selling RSU stock or exercising and selling ISO stock options.

When my B2B software company that priced at $30/share and IPOed at $217/share, there were lockup windows that prevented people from selling for employees. So for those that have vested stock options, many quit to be able to exercise and sell.

In other cases, those of us that had unvested stock option grants that were concerned the stock price would fall by the time we fully vested…went on the retail market to buy a lot out-of-money short term PUT options when the stock price hit $350/share a few weeks later as a insurance against a falling stock price on unvested ISO stock options…just in case there wass a correction…The slightly out-of-money put options were dirt cheap, just a few thousand…And some of them expired worthless, but when the stock corrected from $350/back to $150, they were cheap insurance to lock in value for unvested shares. Profits from that correction went into additional slightly out-of-money PUT options, and then when the stock price corrected to $50, those PUT options were worth a lot of money…

So in a lot of ways, it was better what happened. Because if the stock price stayed high, we would have had to stay working all 4 years to 100% vest and cash in on the IPO. But since the stock price corrected, we pretty much collected the same amount of money had we vested 4 years, except we could leave the company any time for another opportunity since the PUT options bought as insurance was work a heck of a lot more money than the original ISO stock option grants…

Since then, most companies have insider policies that specifically state employees are not allowed to purchase derivative equities of the company….(so no more put or call options for employees)…

Then again, moving to Broadcom, they were involved in the stock option backdating scandal, so so much for ethics at that company, lololol. But man, Broadcom was a fine ride up until it was Hock-sized.

With the exception of leaving Qualcomm in the mid 90ies, which was a big financial mistake.. I have to say, moving around to collect the stock grants was definitely a better financial decision then staying stuck at a company year after year because the largest grants were always at the time of employment signing…It’s just how it works. I’m just too old and lazy to do it anymore. I just lost a frontend web engineer to microsoft last week. He’ll be making roughly what I am currently making… So the hiring craziness continues…

[img_assist|nid=27654|title=recruitment budget|desc=|link=node|align=left|width=400]

[Coronita]

[quote=an][quote=sdrealtor][quote=an][quote=spdrun]Or it could be done in California for the same price? California has trade schools, tech boot camps, housing, and SDSU, right?[/quote]
Nah, it’s better to do it in NJ.[/quote]

How about this? We send two homeless people to live with him and pay him $100,000 a year to take care of them. Then we tax him and send him two more

That solves all our problems[/quote]
That’s an awesome idea! Let’s do that![/quote]

I heard Utah is pretty affordable lots of government jobs too.

[Coronita]

Living in the city sucks. I don’t know why my sibling insists in staying in SF and not moving to the burbs. They are paying an arm an a leg for something slightly smaller than my old house in Pac. Heights and then on top of that has to send both their kids to private schools because most public schools suck in the city. The amount they spend on private K-12 will be on the order of how much people would be spending sending them to a private college on the east coast.
I guess it could be worse. At least they don’t live in NYC anymore. What an armpit.

Makes no sense.

[Coronita]

For the cleaning, I’d say “this was already cleaned multiple times. However if you want to find a housekeeper to clean it to your standard you are welcome to to do this…” And see what they have to say. If they insist, you can compromise and say “as good will o will give you $100 towards your cleaner”….

Also far as the pressure washer, I would say the exterior appearance is as is. Pressure washer is not permitted as it can cause damage to the surfaces.

[Coronita]

thanks for sharing. Good to know!

Does anyone know about the new homes being build off of 56 in the Del Sur area next to the Exxon Mobil and Intuit office?

[Coronita]

Well what is hysterical is the original reason for his post was to prove covid ending -> WFH ending was going to dent housing….

Now the story is the tech crash is going to dent housing which had nothing to do with WFH, the original purpose of this thread. Which is why I think it’s great we’re talking about about sorts of random shit here. Because this thread is completely meaningless for it’s original intent….

Trying to prove he’s right, using anything bad news that can possibly be correlated to this correction.

It doesn’t prove he knows anything. It just proves he knows how to selectively pick current events after they happen and trying to pass them off as his predictions. lol…just in attempt to try to prove he’s right…. not even to materially financially benefit from it. Kinda funny….

Lol, this isn’t Instagram, Larry. You can’t monetize your posts here…

[Coronita]

[quote=deadzone]Meanwhile the tech industry crash continues to accelerate. First the FAANG, now Cisco getting crushed after hours to well below pre-covid highs.

There’s going to be massive layoffs in the tech industry over the next 12 months. The whole “work from home” debate may become moot.[/quote]

Like clockwork, you only show up on a down day. You were conveniently absent the past few up days. You are so predictable lol.

Well, if it happens, good luck to you too. You could be laid off too, lol.

But once again, you were WRONG about the impact of WFH…. and you were WRONG about WFH going away, Larry.

[Coronita]

https://www.protocol.com/bulletins/microsoft-raise-satya-nadella-talent

[quote]
Nadella announced that the company is doubling the global budget for merit increases, as well as increasing the range for stock-based compensation by 25% for employees under the senior director level. Business Insider reports the changes are effective Sept. 1.

Despite falling tech stocks, growing layoffs and hiring freezes, the job market is still favorable for engineers and other corporate tech workers. Amazon doubled its base compensation from $160,000 to $350,000 earlier this year, and doled out a record number of stock grants. Nadella acknowledged the competitive talent market in his email to staff announcing the change.

“Time and time again, we see that our talent is in high demand, because of the amazing work you do to empower our customers and partners,” Nadella wrote, according to GeekWire. “Across the leadership team, your impact is both recognized and deeply appreciated — and for that I want to say a big thank you. That’s why we’re making long-term investments
[/quote]

Lol. My salary has now fallen behind ….by a lot…. Thank God I don’t need to compete against these folks for a home purchase and I have rental income to supplement my wage income so relatively speaking still able to keep afloat….barely….lol…

[Coronita]

Looks like engineering wages are moving up again. Shortage of good talent still persists.

https://www.protocol.com/bulletins/microsoft-raise-satya-nadella-talent

[Coronita]

.

[Coronita]

[quote=gzz]Flu I did look into this. The cost of private cord banking is huge, and the probability of benefit very low.

No cases of leukemia etc in either of our extended families.

The benefit would typically not be to the donor but to a close relative.[/quote]

How much was it for you? CBR lifetime cord banking was $1000 for us…but that was a long time ago.
That wasn’t that much given what it could be used for in the future (stem cell)

[Coronita]

[quote=The-Shoveler][quote=Coronita]Basically, the way the law works is that…
If you want to classify a software engineer as “exempt” (non hourly worker), you must pay him/her/they $104.2k or higher, otherwise they must be classified as an hourly worker eligible for overtime pay.[/quote]

Wow! thanks for the break down on how that works.[/quote]

Yes, that’s one of many reasons why software engineers do better specifically in CA than other techies. These minimum wage laws for exempt software professionals only apply to software professionals and dont really apply to other engineers.

https://www.dir.ca.gov/oprl/ComputerSoftware.htm

That’s many times you’ll see a good software engineer with a B.S. degree making more than a PHD biologist.

[Coronita]

Basically, the way the law works is that…
If you want to classify a software engineer as “exempt” (non hourly worker), you must pay him/her/they $104.2k or higher, otherwise they must be classified as an hourly worker eligible for overtime pay.

[Coronita]

Also, please note the 2022 minimum wage law for software engineers in CA…

California increases 2022 threshold for computer professional exemption

[quote]
2022 rate increase
Each year, California’s Department of Industrial Relations (DIR) adjusts both the minimum hourly pay rate and the salary level for the following year based on the California Consumer Price Index (CPI) for Urban Wage Earners and Clerical Workers. On October 18, the DIR announced(Opens in new tab) that the compensation threshold for the computer employee exemption from state overtime pay requirements will rise 5.3% next year, mirroring the increase in the CPI. Effective January 1, 2022, the minimum compensation rates for the exemption will be: an hourly rate of $50.00, a minimum monthly salary of $8,679.16, and a minimum annual salary of $104,149.81.
[/quote]

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