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Updated almost 2 years ago on . Most recent reply

User Stats

53
Posts
17
Votes
Myeasha Jones
  • Property Manager
  • San Francisco, CA
17
Votes |
53
Posts

Considering job offer 100,000k base salary

Myeasha Jones
  • Property Manager
  • San Francisco, CA
Posted

I’m having a hard time on Deciding to take a job offer in Palo Alto My biggest hesitation is the average rent cost in Palo Alto being $4,200 for a 1 bedroom 

My personal non negotiable are not having a commute / living within 5 miles of my job

the offer I got is $100,000 base and $40,000k in equity after 1 year.

I’m currently with a company where my base pay is $38,480 and $26,100 (housing allowance) & there’s $100 bonus per lease.

So people are saying I’m crazy for even considering to stay but I’m truly having a hard time because

I also would need to pay for full time childcare in Palo Alto most quotes I have are within $2700-3500, so I’m adding that with the cost of housing and it doesn’t really add up and it’s making my head hurt. I’m the sole income provider.

Is this offer something I should be moved to take?


Most Popular Reply

User Stats

2,894
Posts
2,330
Votes
Caroline Gerardo
  • Lender
  • Laguna Niguel, CA
2,330
Votes |
2,894
Posts
Caroline Gerardo
  • Lender
  • Laguna Niguel, CA
Replied

DM me age of your children to determine how long you pay for full time child care and afterschool. Also helps with commute ideas

Daly City, Sunnyvale commute with Bart?

Ask for moving allowance up front. $10000

IRS allows you to write off $5000 of dependant child care which isn't much, but something.

What google does is they own apartment buildings and bus workers in to campus, if you took the B leap then found job at established company vs start up the housing piece is half and they subsidize care. 

Do not count on the $40000, it may not be available for three years, golden handcuff type compensation.

This is a leap of faith. How stable is the company? What income growth for you if the company does well? 

Do you have any family who could move in with you to provide back up child care when they are sick?

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