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Return-to-office policies are driving people to sell their homes - even at a loss
(finance.yahoo.com)
this post was submitted on 14 Sep 2023
308 points (97.8% liked)
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I wonder with these types of stories. The people were either lied to by the company, which I don't ever see mentioned, or settled down without making sure they could. If you're signing a mortgage and not thinking beyond a few years then it's partially on you. Partially because covid lockdowns were a crazy time, companies weren't communicating well because they didn't have a plan, and recent RTO policies aren't for the reasons the company claims.
Given the prevalence of bad management, I'm sure some people were lied to, or the manager believed wrongly that it would end up being permanent, etc. However, anyone who moved and signed a mortgage without a signed remote work agreement was making a heck of a gamble. None of my folks did that, and in my overall division I only knew of one person who moved without a signed agreement, and they ended up being let go of. The funny thing was, for that person, they likely could have gotten a full remote work accommodation if they had put the request in because as a developer they had no physical infrastructure to touch.