Thursday, March 17, 2016

Google employee lives in Google's parking lot

San Francisco Bay Area has some very stable warm yearly temperatures, so it allows to live in an RV in Google's parking lot for 2 years, but I didn't get how could they save 80% of their income. It is impossible to save 80% of your income as a taxpayer, perhaps the author meant 80% of their after-tax income.
Pete, 33, will have been at Google for five years this April. He started as a temp and now works as a program manager for the research-and-development team. Nearly two of those five years, from January 2012 to October 2013, were spent living in the Google parking lot with his wife, Kara, 28. They had no electricity or water during their parking-lot stint. It was basically "glorified camping," Kara described on their blog, "Pete and Kara Living," but it allowed them to save 80% of their take-home pay, despite living in the notoriously pricey Bay Area.
Let's say they rented 2 bedroom apartment for $2,000 per month. It was still possible in 2012 to find a good apartment in desired area for $2,000 per month. It gives $24,000 per year. They save 80% of their income or $24,000 per year, so it means Google pays Pete just around $35,000 per year. I do not believe in that.

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