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Comment by bentlegen | Hacker News Reader

I can’t speak for every industry, but many Bay Area technology employers have set up satellite offices in Toronto and Waterloo and are paying significantly higher wages (note: I represent one of them). This is having a net effect of driving wages up; I see it in the candidates we lose to other companies who are doing the same. Consider looking for a new gig.

Also, Sentry is hiring in Toronto: https://sentry.io/jobs.

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Unrelated to the post, at a previous gig, we used Sentry.io. Other than the first 45min wait time when you first hook it up to Sentry's API, it was a smooth experience. How do you like working at Sentry?

I'm not Ben, but I have worked with him for the last 2+ years at Sentry. The whole Toronto office is super positive, and I love working with them every chance I get. Not to derail the thread too much but thanks for giving us a try and hopefully checking out the jobs page Ben linked to :)

Maybe they should consider doing an early cap on property taxes and property values before it becomes like the Bay Area where even if you work at Google you can't afford a house.

There is rent control where I live, but no buy-house control, and there's almost nothing available below $2M USD.

Google doesn't have an office in Toronto but Amazon employees don't make enough to buy houses. It doesn't matter though because most people in Toronto now make more money on real estate appreciation than they make from their jobs. Real estate gains are tax free so a modest 10% home price increase (it was 30% last year) is like earning at least an extra 150k pre tax

That's kind of sad though. It seems people own houses to sell them, instead of owning houses to own them.

I feel like the whole point of owning a house is to customize it into a fairytale home of your dreams and never want to sell it. Otherwise I'd just rent.

In the current environment, it's cheaper to borrow and buy to sell.

Prop 13 is arguably one of the reasons why Bay Area housing spun out of control, I don’t think this would help much.

You should read Henry George because you have the effect of LVT/property taxes exactly backwards. LVT is better than property taxes though, which have bad effects like sometimes motivating people to destroy their buildings to save on taxes.

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