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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
309 points (97.8% liked)
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I’m pretty sure I’d stay put and not move back. Let’s be honest. An employer can and will terminate you for practically any reason or no reason at all. Selling a house you bought in a place you want to live in hopes of maintaining a toxic relationship that will end on a whim (your job) barely makes sense from an economic perspective and makes no sense from any other.
To put it in perspective… if you had an emotionally abusive boyfriend who insisted you had to sell your house and move in with him, would you do it? If you relied on him for half your income, would you do it? If the answer to those questions are “yes” then you’re gonna love selling your house because of RTO. If you have any self respect, the very notion of this would make you dust off your resume and resignation letter.
I definitely agree. I was just commenting from a purely financial perspective. Doesn't really make sense to take a $100,000 hit when you could rent it out and move and probably at least break even while continuing to build equity.