NC House Market...

Discussion in 'General' started by HoyaXC07, Mar 1, 2021.

  1. elvee

    elvee Well-Known Member

    A lot of the tech companies started telling employees at beginning of Q4 2020 that pay would be adjusted if they chose to move to a cheaper area and take the WFH offers. Banks and finance are already telling their people to enjoy the WFH while it lasts, because as soon as they can order it they are going to have everyone back in the offices. Some companies will be somewhere between these two positions, but my gut says it won't be the majority.
  2. Christopher Graybosch

    Christopher Graybosch Well-Known Member

    Here near central Florida subdivisions of homes are going up by the truckloads, and none of the houses sell for under $400K. To some that’s fine, but holy hell at $150K I got a 3/2/2... where are these people coming that can pay $3K/mo for a mortgage. For them to be selling houses from large cities and moving here, people would have to be buying as well. Doesn’t make sense to me, seems highly unsustainable
    ducnut likes this.
  3. auminer

    auminer Renaissance Redneck

    Already happening
  4. DBConz

    DBConz Registered Idiot

    sounds like a lawsuit. cant pay someone less because they changed their address
  5. Dave_SV

    Dave_SV Well-Known Member

    Sure you can, here is your new offer letter, take it or there is the door.

    Welcome to at-will employment
    ducnut, beac83 and BigBird like this.
  6. 2blueYam

    2blueYam Track Day Addict

    BigBird likes this.
  7. BigBird

    BigBird blah

    you surely can. There was a reason why IT folks made more in SF than in Idaho, the cost of living are vastly different. SF made NYC rents look cheap
  8. R Acree

    R Acree WTF

    Companies didn't used to make the change. Real estate prices in RTP started their first boom when folks from IBM moved to the triangle with NY wages. They could afford much more house with their incomes compared to locals.
  9. DBConz

    DBConz Registered Idiot

    correct, but i cannot see a company that i work for paying me less now because they allow us to work from home and i moved.
  10. BigBird

    BigBird blah

    Maybe not yours, but at my brother's company they did have different salaries based on what office you worked out of. Since that is not such a factor any longer, they are adjusting pay if you are remote only.

    My own company has reduced salaries of workers that have become remote only by 10%, and many of those were union employees that agreed to that.
  11. notbostrom

    notbostrom DaveK broke the interwebs

    400k is not an expensive home in FL in fact it's probably cheaper than renting
  12. Montoya

    Montoya Well-Known Member

    It’s a hot topic with many of the big tech companies that have seen a lot of their remote workers leave the Bay Area. Parts of NC now have a higher percentage of remote tech workers than SF, and those high salaries that are disconnected from local wages, are wrecking havoc on housing prices.
  13. SuddenBraking

    SuddenBraking Tire collector

    I think the five day a week in the office paradigm for office workers is pretty close to dead. Even my sister's very uptight asset management firm is going hybrid going forward..........2/3 or 3/2 will be the norm, methinks.
  14. Sweatypants

    Sweatypants I am so smart! S-M-R-T... I mean S-M-A-R-T!

    only problem with that is though that you're still tethered, which kinda sucks, and then still maintains the concentrations of high housing price and demand. i know its inevitable, but just saying it kinda sucks. probably gonna happen to me too. where as if i could do 100% telecommute, i'd seriously start to consider Asheville, Tulum, Costa Rica, St. Lucia, etc... i've looked to the point of doing actual research, but if i can't get away i can't get away. we'll see yet i guess.

    I'd do 10% off to never have to come back to the office again. I'd seriously move somewhere amazing, and in most cases cheaper than living outside of DC. hell i just got a 5% raise haha, i'd be back at the previous salary in another annual review anyways. 10% is acceptable for that.
    BigBird likes this.
  15. BigBird

    BigBird blah

    If I was forced to take reduction, I would save some for the before and afterschool programs that we paid, and save some commuting costs.

    I hate moving, and wouldn't want to move somewhere else, at least not now. But I did briefly look at Sarasota, FL where 2 of my buddies recently moved to , and even with a reduction in pay for both my wife and I, we would end up paying similar to what we do now net, net, net....but it's Florida. So that's a no, and my wife is not keen to move to a place where there aren't major healthcare institutions, most are in the N.E. or Cali, and the only place she would go to is Cali, and that's a HECK NO
  16. elvee

    elvee Well-Known Member

    What Sweaty said - even if you only have to show your face twice a week, you still need to stay close. What are the options? Keep a studio apartment to crash at once a week, and commute in and out? My BIL is 100% remote through June and his company hasn't decided what they will do after that. It is even money between 100% in person, or in person one week / month. He is willing to live elsewhere and fly in for a week if that is the deal.
  17. SuddenBraking

    SuddenBraking Tire collector

    My old company was 100% remote for all of 2021 and so's my new company, and the new normal is going to be 2 days in the office (theoretically), but I presume that's going to be more voluntary than not.

    Our CMO just moved the Colorado and I'm pretty damn sure if I wanted to I could move to wherever the hell I wanted and be full time remote (only been here for two months though and still keeping my options open with other opportunities).

    I think the fly in for a week a month is also going to be a legit alternative for a lot of people.
  18. ChemGuy

    ChemGuy Harden The F%@# Up!

    Im no FL lover and there are definitely some good med paces in NE adn West Coats, dont think FL is full of hicks when it comes to that. Health Shands,hospital in the Sunshine State.

    Besides you would save so much on taxes and other North Eastern "fees" you could easily afford to travel for healthcare and still have money in the bank.
    BigBird likes this.
  19. StanTheMan

    StanTheMan Well-Known Member

    Vass and Cameron might be a little more reasonable, or so says my wife, who lived in Southern Pines till she married my dumb ass. She suggests you look there.
    BigBird likes this.
  20. BigBird

    BigBird blah

    problem is, wife works in one of the major health networks here, and to lose that experience and momentum will set her back. And she showed me what the equivalent makes in Florida, it's not pretty, it's almost half.

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