Cheap Mortgages Deter Workers from Relocating for $250k Jobs
1–10 of 31 posts
Re: Cheap Mortgages Deter Workers from Relocating for $250k Jobs
#2That seems like a bizarre way of framing it. It's the much higher current costs that are the deterrent.
Re: Cheap Mortgages Deter Workers from Relocating for $250k Jobs
#3That seems like a bizarre way of framing it. It's the much higher current costs that are the deterrent.
I'm sweating moving for just this reason. I do have some experience at landlording in one of the battleground states--tenant overfriendly--so I guess in this landlord friendly state I can do it, but I'm sure J. random manager isn't going to want to do that.
Re: Cheap Mortgages Deter Workers from Relocating for $250k Jobs
#4Re: Cheap Mortgages Deter Workers from Relocating for $250k Jobs
#5Is it just mortgage rates or is it that moving down to the southern United States is not all that appealing for other reasons? There is clearly an amount of money that would convince me to move to "the US south" but as of yet nobody has offered it. There is a significant quality of life and sanity cost that I would prefer to not incur.
Re: Cheap Mortgages Deter Workers from Relocating for $250k Jobs
#6So offer then higher salaries to offset the costs of moving there? What exactly is the problem?
Re: Cheap Mortgages Deter Workers from Relocating for $250k Jobs
#7That seems like a bizarre way of framing it. It's the much higher current costs that are the deterrent.
I'm sweating moving for just this reason. I do have some experience at landlording in one of the battleground states--tenant overfriendly--so I guess in this landlord friendly state I can do it, but I'm sure J. random manager isn't going to want to do that.
> tenant overfriendly--so I guess in this landlord friendly state I can do it
I get a concern with -over- friendly, and there are certainly some mechanics that are painful that way, but "landlord friendly" is generally ... oof. "We need to protect those who can afford to buy multiple homes from those who cannot[1] afford to buy one".
I've lived in landlord friendly states where the recourse for water leaks, failing hot water, faulty appliances that the landlord won't maintain is ... "sucks to be you".
[1] for varying definitions of 'cannot', thinking of the euphemism of "Bank says I can't afford a $2,000 mortgage payment so I guess I'll keep paying my $3,000 rent payment."
Re: Cheap Mortgages Deter Workers from Relocating for $250k Jobs
#8[deleted]
Re: Cheap Mortgages Deter Workers from Relocating for $250k Jobs
#9Am I missing something or did the writer just drop this line in the middle of the article with no context:
> But salaries in Michigan for all manager roles are typically around 15% to 20% higher than for comparable roles in the south, she said.
Why on earth would anyone move for a job paying 20% less, regardless of their mortgage status?
Re: Cheap Mortgages Deter Workers from Relocating for $250k Jobs
#10So offer then higher salaries to offset the costs of moving there? What exactly is the problem?
These are already high salaries, and they're still not enough.
And that's a good thing. These companies need to pay the true price for talent, which is much higher than what they're paying but also they've done a lot of dirty tricks to grow as big as they are; the real price for what they're asking should bleed them dry.