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What job would you take?

Which job do you take?

  • Paid $50,400 a year, you provide your own housing

    Votes: 2 40.0%

  • Paid $37,400 a year, given housing worth $1,500 a month

    Votes: 3 60.0%
  • Total voters
    5
green

green

Well-Known Member
Quick question: If you were offered a job, where you could make your current pay or be given less money but have all your housing paid/taken care of, what would you choose?

Let's say, for easy math sake, you had the option of making $50,400 a year ($4,200 a month) but you had to find your own housing, or making $37,240 a year ($3,100 a month) but no housing costs?

The average person can buy a house that costs him $1200 a month on $50,000 a year. The apartment you would be living in is worth $1500 a month.

So, if you were able to live in a nicer apartment/townhome, which option would you take?

$50,000 a year with no housing (you spend $1200 a month on housing)

or

$37,240 a year with housing provided worth $1500 a month?


More math for those interested:

If you took option one (you provide your own housing), and spent $1,100 on housing, you would have:

$1,100 apartment/house
$3064 cash after taxes to spend

OR

You take the job with housing provided and you have:

Live in a $1,500 a month level house
$3400 cash after taxes (you would actually not pay any taxes, but get a "refund" check) to spend
 
I guess it would depend on a few things. If I was dedicated to staying in the same area long term and I could afford a house in an area I liked I would buy the house because eventually you'll own it and will be able to live in it without a monthly payment or sell it to pay for some of your retirement.

If I work in a field where it is common to move around a lot, or I don't plan to stay in the place I currently work long term, or I'm not committed to my current employer then I take the appt.

That said, there are advantages to living in a house and advantages to living in an apt. For me the advantages of a house work a lot better for my lifestyle.
 
green said:
Quick question: If you were offered a job, where you could make your current pay or be given less money but have all your housing paid/taken care of, what would you choose?

Let's say, for easy math sake, you had the option of making $50,400 a year ($4,200 a month) but you had to find your own housing, or making $37,240 a year ($3,100 a month) but no housing costs?

The average person can buy a house that costs him $1200 a month on $50,000 a year. The apartment you would be living in is worth $1500 a month.

So, if you were able to live in a nicer apartment/townhome, which option would you take?

$50,000 a year with no housing (you spend $1200 a month on housing)

or

$37,240 a year with housing provided worth $1500 a month?


More math for those interested:

If you took option one (you provide your own housing), and spent $1,100 on housing, you would have:

$1,100 apartment/house
$3064 cash after taxes to spend

OR

You take the job with housing provided and you have:

Live in a $1,500 a month level house
$3400 cash after taxes (you would actually not pay any taxes, but get a "refund" check) to spend
Click to expand...

That's like the poverty line in Denmark. Why would you work my friend? USA sets the bar pretty low.
 
[size/HUGE] boobs [/size];895810 said:
That's like the poverty line in Denmark. Why would you work my friend? USA sets the bar pretty low.
Click to expand...

1 Danish Krone is worth $0.18usd
 
Gameface said:
I guess it would depend on a few things. If I was dedicated to staying in the same area long term and I could afford a house in an area I liked I would buy the house because eventually you'll own it and will be able to live in it without a monthly payment or sell it to pay for some of your retirement.

If I work in a field where it is common to move around a lot, or I don't plan to stay in the place I currently work long term, or I'm not committed to my current employer then I take the appt.

That said, there are advantages to living in a house and advantages to living in an apt. For me the advantages of a house work a lot better for my lifestyle.
Click to expand...

/thread


Really depends on the nature of the job and your own personal requirements, 5-10 year plan, family situation, etc.


If I were a young man just starting out then definitely go with the free accommodation. If I were just about to start a family and settle down then go with the higher salary. Personally I'm nearly ready to settle down so I'd probably take the extra ca$h.
 
I would always take the higher salary. Remember this is the base they use for percentage increases at annual reviews, and the base you would be negotiating from if you were looking at a new job.
 
Also consider that many apartments pay for your water and some pay for your electricity and a few pay for basic cable/internet, as well as provide a clubhouse, pool, etc.

My electricity bill was over $200 this month. Water (includes sewer, trash collection, etc) was over $100. Don't even want to talk about cable.

But still, not having to deal with people in neighboring apts stomping around while I'm trying to sleep and not having to be self-conscious about the noise me or my family is making, having room for all my brewing stuff, having room to host poker games, and all that, makes the house more than worth it to me.
 
why isn't being a "kept woman" one of the options?

Seriously though, from the scenario you presented, I'd take the higher salary and find my own housing.
 
I would take the higher salary, the housing allowance, profit sharing, and an equity stake in the company in non-dilutable stock.
 
I would take the job with the most base income so that I can barter on my wage with more leverage for the next job without trying to convince the HR that I actually earned 1500 more than whatever is given and avoid the questionmarks that is pointed at why would I need a house worth of 1500 when I could have the money. It really depends on the conditions and the house really. There is over 400 gap between the two cumulatively per month so the expense of a decent house that you would choose in your preferred restrict would matter a lot for that decision. Would 1100 do fine for you or the 1500 house is what you need? Also they usually opt you to take the money if you opt out of having the car. Does that work for the housing?
 
it's 113 miles, or about 182km, from SLC to Wendover.
 
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