My company is based in NYC and fortunately for me, it is an international company and we have people working from all over the globe. I am fully remote and based in Florida. Been remote since 2016.
From the UK here -- we returned 1 day a week which everyone was OK with. Then we got a random email one day in April which said we needed to return 3 days a week, starting in 3 days time (two of which where a weekend). It's gone down like a lead balloon. Unhappy staff - staff leaving - no motivation. All of that to get people to sit at random hot desks next to people they literally don't work or interact with. It's not been thought through at all. I agree though, I see 3-4 days in office being normal come the end of next year.
My son lives in Arizona and has a coworker who was hired and worked remote. He always lived in South Carolina and was told to start coming to work, DOH!
My company has an interesting thing where most workers are remote but promotions require you to be in the office so you can stay remote, but you'll never move up.
I got hit by Amazon's RTO, they want me to move my family across the country to Seattle. I was hired last year as a permanent remote employee. I'm standing my ground and refusing, I know I'll be fine and find something else, they can decide if I'm worth keeping around.
@@sfrealestatedealmaker6001if he quits then he isn’t eligible for unemployment. A termination for not being able to relocate isn’t going to look bad on your record or deem you as un-hirable. I have been laid off many times and even let ho from one job because I wouldn’t relocate to their sister office two hours away but they knew I wouldn’t which is why they did it. It didn’t keep me from getting job offers even during the recession.
@@sfrealestatedealmaker6001 You make'em fire you because at least you've a chance at some severance benefits. What makes you think quitting voluntarily makes any more rehireable? Forget it. The RTO is in part a practical demonstration of, "Okay you f'ing uppity kids. Time for a reminder of who _owns_ you". If you don't return to the office, you've already failed that test.
I graduated in April of 2019 with $22k worth of student loans. Paid it off by Feb 2020 becoming completely debt free. It was the best financial decision I have made. Paying that off was a 100% guarantee of decreasing my monthly budget by removing that payment. As well as peace of mind.
I am always of the opinion that you always pay off debt. Living debt free is wonderful psychologically. Knowing that whatever happened all I had to do was cover the cost of property taxes and I would have a roof over my head allowed me the freedom to take the financial and professional risks I did.
During the pandemic I have been paying off $40k in remaining student load debt. I will pay the last piece in the next couple of weeks before interest restarts on September 1st. I have no regrets getting rid of it, even if I could have made a little more money somewhere else.
I have a friend that works for CBRE as a property manager. They lease commercial office spaces. The new trend is smaller offices, no assigned desks. It’s an open concept layout with group tables with outlets for presentations and collaborative work. Companies are looking for smaller square foot spaces for hybrid workers. It’s less expensive for employers and employees. Hybrid also helps retain good employees. I think hybrid will be the norm.
My employer has adopted a three tier system. Those who are 💯 WFH, hybrid where you only go into the office twice a week and some that go in three times a week and then 💯 percent office. Most of the staff fit somewhere in the hybrid model. I’m 💯 WFH but I and others in my department were hired to work from home from our date of hire which for me was 8 years ago.
Worked in open pods, and I hated it. Two people on their phones at same time, you couldn't hear your caller. Then the ones who always use speakerphone, which disturbs everyone else's concentration. You have to read the same sentence 5 times & still don't know what it said. Then there's always the ones who want everyone to buy gifts or chip in for everything, even b/c it's Tuesday!. Try serving on 3 teams that have these women. And if you don't chip in or do one of those thousand lunches out, you are the outcast. No gifts or cards for you if you didn't attend theirs. And you are going to hear about their wondersul life, whether you want to or not. These are the ones who ask you every Monday what you did that last weekend. Love working at home.
Maybe for some, but not for all--the quality is just not there for high end work. People are completely missing the obvious -- AI is the biggest threat to jobs, not overseas replacements. We have had overseas options for white collar jobs for just as long as we have had off shore manufacturing, if they could have off shored more jobs they would have already. You can thank the blue collar unions for driving manufacturing offshore. Sure, you can raise the price until they find a cheaper way to get the same product. All of this FUD about remote work is brought to us by the same scumbags that are responsible for the mess we are in. Commercial real estate is DONE FOR and those with the most to loose have been sponsoring hit pieces in the media and pressuring both local government and captains of business to bring everyone back. Sorry--you caused this--and now that it's at your doorstep--too bad you brought this on yourselves. You thought you cold send us home and then bring everyone back and the snap of your finger like we are all puppets.....NOPE. The sad part of this is that pensions have massive exposure to commercial real estate READ BONDS and the common people's retirement is about to go bust. We are run by organized crime and this needs to stop.
I’m so glad that I’m now retired 😅😅😅 I put my time in and now it’s my turn to just enjoy life 😊 I miss hiking 🥾. I did tons of awesome hikes in my 40’s, and 50’s. I hiked all over the Country and enjoyed 30 to 50 mile hikes. It makes me smile to see you guys out there and doing what you like. Thank you for another great video of course. Blessings, Carlos ✝️🙏❤️😊🇺🇸
You are not too old to hike! I'm picking up mountain and gravel biking in my mid 60's. I ride my bicycle a lot more than my motorcycle these days. So if you see a chubby old guy romping around on the trails, give a little wave. :)
Hi SirCarlosMusic (BMI) I am semi retired also....I like watching this video because I just forgot his name is it Mark or Michael he likes to hike and walk a lot and since I am a mountain gal from San Francisco and I use to hike all over the place but I regret that I don't do it so much ( got COVID and was hospitalized at Mount Zion , I truly believed had I not been so athletic in my 30s 40s etc I probably would have not made it was put on a respirator for 3 weeks. ) Some of my don't want to go on hikes anyway, just wanted to say hello cause you look very much like our ex neighborhood Supervisor John Avalos (Excelsior District)10 or 11 San Francisco CA ,I happen to live behind the second largest park in San Francisco McLaren Park we have great views and trails of the........ city and the bay....are you a music person? I went to the same High School that Carlos Santana went to.....I wish that more young people would hike and get out with nature.... instead of so much electronics sometimes...😢 ..urban trails or country trails they are all great......!! 🌉🏃
@@blancaestrada396 Thank you so much for replying. Yes I’m a singer songwriter and just sold my last house in Nashville. I only got one “Cut” while I was out there but I proved to myself that I can write with some of the best. Music is my choice of drugs 🤩 I haven’t been hiking in several years and miss it. I’m now retired and loving life. Blessings from Paso Robles, California, Carlos ✝️🙏❤️😊🇺🇸
So grateful I realized this in my 30s and not my 50s or 60s. I still work for myself doing what I love, but I insist on working fewer hours and enjoying myself more at the cost of making less money and ultimately not having bigger, nicer homes and cars. I watch people "achieve" their lives away. Could never imagine being elderly or less able-bodied and thinking "well at least those 60-hour work weeks all throughout my 30s, 40s and 50s made me extra money." I made lots of money in my twenties and early 30s and I just own a super small home and older cars. Still make good money working closer to 35 hours a week, but my priorities long term have changed.
My department has been WAO for over a decade and we just got a hybrid return to office order last week. Everyone I have spoken to is furious. People will not be able to get child care for a couple of days a week and I know several people who don't own a car anymore. They have removed the free parking, coffee makers and refrigerators. If you want to eat or drink anything you will have to pay for it. The office spaces are not assigned and only have one monitor, no keyboards, etc. so you will also have to lug all of your computer equipment back and forth. Moral is in the toilet but they keep insisting that collaborating with people you have never met and don't have any connection with your department will improve productivity. It's insane!
To be honest you shouldn’t be watching your kids on companies time, obviously you will not be as productive as you would in the office w/o those distractions. If this is the case workers should take a pay cut to stay home.
I work a data management position from home. The corporate office is so small, they only hire remote workers. The HR director states it saves money or operations, and hes able to have workers 24/7 to get work done.
Friend of mine bought an office that had in internal bathroom in a medium sized building and has been stealth living in it as far as I know for 6 or 7 years now. I thought he was crazy, but I might follow suit. I think he paid 35K all cash, and pays a monthly maintenance fee of next to nothing.
That's a great IDEA. They do that in CHINA , Thousands live in office style buildings, each floor has a communal bathroom and kitchen, but you get a room that's multi functional. Living room, bedroom, office. They are doing it in OAKLAND, Look up COLIVING in OAKLAND. 👍
Does this means they have to sell the current house, and can they get back into their old neighborhood, if they like it, or the homes now in that area is out of their budget?
It's funny when people say the inflation battle is won. Gas is still double and so are home prices. Daycare went up 16% this year. AZ had a 25% increase in car insurance alone. APS electric is going up another 11.3%. Every month I receive an email about streaming apps, Verizon, etc raising prices. Wages are not going up at that rate. Not even close.
I’m in Arizona as well. My auto insurance (2022 BMW) went from about $150 a month to now $230 a month without claims since I bought it two years ago. I have a lot of coverage but that’s still really expensive
You’re in my old neighborhood! I used to live at the base of Runyon for many years. Worked for someone who lived at the top too. Now I’m happily living a far higher standard for a lot less in Texas. Just as many amazing hikes and views without al the homeless or insane expenses.
It was smart to pay off the student loan and now they can keep up and save the $ for investments. I'm always debt free asap. I have zero debt right now, own my home, land and car outright. I don't live beyond my means. Nice to see Liz out there with you.
Collaboration is a word invented to keep HR departments relevant. NO ONE wants to do all the team building garbage or personality testing that supposedly keeps teams productive. My company is less than 30 people. The entire C-Suite is 100% remote yet they want the rest of the company in the office 3 days a week. It doesn't happen. Some of my coworkers i have not seen in months and they are local. Some come once a week, some one every two weeks. Office occupancy will take at least two years to come back great video, and kudos to lizzys acting debut for her"scream" at the cabin!!
lol right?! I once nearly quit a job when they had everyone come into the office for some 'team building' garbage and passed out CRAYONS and coloring sheets. I remember picking my son up from daycare afterward and finding out we both had similar days...bizarre!!!
GET BACK IN YOUR CAGE! Employers will do anything necessary to stay in control, and to force their employees back into their cages. There was a time where employers were afraid of asking employees to come back into the office for fear of losing a significant amount of their talent. Since then, CEOs and business owners have gotten together both physically and from a mindset stamdpoint where they came to the conclusion that if they all demanded that employees come into the office a 2 days out of the week employees would not likely leave in droves... plus if many companies did it at once, then employees who considered leaving would look around and see other employers doing the same thing and have nowhere better to go. Once employers have employees coming in 2 days a week for months, employees would be trained to accept the new norm. It would then only be a little longer before the employer says to come in 3 days per week. The employees at that point most likely won't quit because of coming into the office for one more day. Now the employer seriously has the upper hand, and by doing it this way, the figurative frog in the pot of water they are in, is unaware that the temperature of the water is slowely getting warmer. It's only a matter of time before employers are demanding 4 and 5 days per week in-office attendance. At that point, employers have regained total control. Business owners never want to be vulnerable to the wims of employees. Employers will do what ever it takes to stay in control. The only real solution is to run your own business, side hustle, or be wealthy enough to make your own rules.
My wife actually got offered her old job back in Chicago while we were living in TN, during COVID. Dream come true. Forever remote Chicago pay no state income tax.
They definitely didn't make a mistake getting out of debt. It's a huge mental relief and that alone can allow your mind to be freed up to excel elsewhere.
My husband’s field was a high percentage remote positions before the pandemic. And still is. But I know SO many in other types of jobs who are now called back in. They have to or take the termination. People are living in one state during the week and returning to another for weekends. Crazy to assume all jobs would stay that way.
The level of copium you RTO people smoke is amazing. It’s okay that y’all are lonely in the office. What’s weird is these losers who promote spending 2-4 hours of your life in traffic everyday, paying high taxes, high food costs, high parking fees, thousands for daycare - just to “help Downtowns” and get to an office to do Zoom calls. If you honestly think people will continue to grind in traffic until 2030 while their counter parts WFH - you are crazy 😂. Hybrid will not save office buildings either. Yet again - we only need to be in an office once every 3-4 months (in other words WeWork). It’s been wrong for a long time. This is the correction. No one is doing that anymore. Most already have a second job or they will quit and find another nearby.
@@geodude9395 Not pro RTO, either you didn't read or do not understand. Neither my husband or I are in an office, I stated that clearly. My husband has been mostly remote for more than the last decade and we are in favor of it where possible ofc. But we see the reality happening around us with people being forced to move and being terminated. Unfortunately, they are all in fields that are not remaining remote OR the companies are looking for ways to cut employees. Excellent that you have been able to find a permanent remote arrangement.
My job is remote and travel 2 to 3 days a week and my company has always been remote friendly. Our CEO is remote work friendly too and they have no reason to re-open a local office with only 10 people. We are regional based too and travel to visit clients. They recognize that their workers are more productive and they save money on a lease/utilities and storage.
Michael, there are still a lot of remote jobs, however, the competition for them is very high. It's not uncommon to see 200+ applicants for each opening.
I think many companies will choose a hybrid model, 3 days at the office, 2 days remote. Will increase productivity. Will be good for businesses that exist around those office spaces. Will raise gas prices. Will lengthen commute times for those already commuting. I think the biggest part of what you were saying, is, people who moved to remote locations in anticipation of working remotely for all time. That's major.
In some cities like San Francisco, the office spaces remain empty (37-40%+ vacancy rates) in 2023 which the media attributed to people working from home. Reality is the increase in vagrancy and its associated crime are forcing businesses to close in San Francisco so nobody's returning to the office there anytime soon. But I think once the companies relocate out of SF to Sonoma or out of state they would require their people to come back to the office in the new location. That means relocation if they want to keep their jobs.
That's not the reason people are not returning to the office, but that part of the homeless problem is due to sky-high rentals, and the workers don't want to live where they barely survive on high salaries with high taxes. If there is anything killing the Bay Area, it's the high interest rates which make it harder to support startups through to acquisition or IPO. The beauty of the Bay Area was the ability to rapidly hire even the most obscure technical expert, and put them together with the rest of the team. A homeless problem won't kill that business model, but high interest rates will.
I don't imagine it will be an issue in the coming years. AI is getting set up to take over the tech positions. Problem solved. All those high salary jobs will vanish.
I was just offered a nice 6 figure salary from CVS to work remotely. I’m always getting job offers, I just decline any that are hybrid or in office 🤣🤣🤣🤣.
Good, responsible people in our field should do the same. When they struggle to hire they'll go back. They are just using recession fears to goad people back. We had layoffs to recently. I've known my managers for a long time, I never thought they'd do this. Then again it could be the business owners telling them to do it because other big tech is.
@@freedomfighter-1776 recession fears? Every single economic factor you can measure is 20-35% worse than the 2007 peak relative to the median US income. It's not just going to be a recession, it's going to be worse than 2008. People are more overleveraged now than they've ever been since the great depression. Consumers are slamming on the brakes on spending and car dealerships are piled up as far as the eye can see. The last domino to fall is always going to be the $30+ trillion dollar housing market. Takes 18 months from the initial yield curve inversion. We're 14 months in.
@@enthused7591not going to happen as criminal fed will print the money. Making sure Everything stays afloat is required for political class to stay in power.
@@enthused7591 not disagreeing much, being the new guy at a business likely means you'll get canned first, it's why I'm waiting to switch. I'm prepared though, almost no debt and have a lot of savings.
My job just announced that *some* remote workers will be returning to the office at least on a hybrid basis. Fortunately my team will remain fully remote which is a godsend for me, but still the return to office is very real.
Not for long, wait until people come back to the office just long enough to find their next remote job and quit. Sure, B and C workers will do what they are told but the A quality employees will quit and move back to remote at the company's expense.
@@onezero9512remote musical chairs. Less and less 100% remote jobs out there than last year. I bet even less after this year with the thousands not returning to Google or Amazon offices.
My manager told me the big boss want to force people back into the office. But she’s afraid people will quit. It’s a medium size company and they had a hard time finding good analysts that they actually had to hire out of state. But all the new hires this year report into the office only. My manager wants them to leave us alone. 😂
Many of these companies are now located out of the city core. Drive around the suburbs and you will see many, many companies in large office buildings. I think most companies know that with modern high speed (fiber) internet and servers, you can be located in an area that the employees like. I live near a industrial park with some very impressive buildings with lots of green grass and pools with fountains. Even Starbucks, and restaurants in the center. Meanwhile the nearby city is nearly empty downtown. The companies that occupied the tall buildings are no longer there but have moved into the suburbs.
Companies should ask why people moved out of the city. They did so because cities are too expensive, riddled with crime and have long commutes. If companies were smart they would setup shop in smaller towns.
Ironic, I have a friend that had a deal with his employer to work remote and come in once a week. So he bought a place near the coast 4 hours away from work. Well they changed the terms on him to 3 days a week meaning he can't just drive in super early and drive back late once a week. He now needs a place to stay near work.
It is simple. Monitor WFH worker’s productivity more effectively and fire those who are not doing their jobs. Keep great employees and respect their WFH status as long as they do their work.
I work from home because my cube is so small and everyone I work with is working remote. If they want me to go back it's no problem for me since I live close to work. My boss says he saves a lot of money on gas working remote and he drives a kid to school etc. I have a duplicate setup at work so when I need to go in it's easy. Paying off the student loans was my goal because it kind of puts the costs of college behind you.
My sister stated that most corporate law firms were used to a larger turn over of employees. They are making them return to in person with short notice to get people to quit. Big companies like Google have stated they are not renewing their leases for many of their locations. Many economies have surrounded their locations and it is gonna be a large blow to these small shops (restaraunts, stores, etc.)
I don’t know if other people have noticed their Amazon deliveries now coming by USPS? In the last month most of my orders come by the mail which is very different then the last few years. Amazon is definitely cutting back.
I'm in the IT industry and its a bit nuanced trend where some of the big tech companies were the pioneers of remote work and then now they are pioneers of the return to office. However from what I've noticed, the smaller companies to cut cost and to attract talent have largely embraced and sticking with remote work. There are plenty of remote options and I have a feeling that these big tech companies aren't going to be as competitive in attracting talent and may need to back off the whole return to office.
I'm currently in the process of leaving a hybrid IT position in a Fortune 50 company for a job that can guarantee 100% remote work in perpetuity, and I can pretty much guarantee half my team will leave if/when my current employer decides to enforce return to work mandates. There are literally so many remote positions out there currently that I have several companies competing with each other to get to the offer letter stage and I just started sending out my resume a week ago. Needless to say I am not worried about my prospects.
@@gigagigagilgamesh That’s great you are able to continue 100% remote! I, too, have noticed that there seems to be no shortage of available remote work. My in-office and commuting days are long gone, and I’ll never compete to perform such an arduous exercise again! I planned for remote work many years ago and drove my schooling and career accordingly. I never wanted to be an office dweller.
@@AFuller2020 I’m not getting bounced. It all comes down to being able to add value. Equally important are planning and negotiation skills. Companies may want to push for control and demand on-site and/or a couple of remote days per week. But, employees want flexibility in this modern age. Companies will lose good workers if they cannot get with the times.
American customers are really fed up with speaking to any customer service that barely speaks English. Any American company selling a product that requires talking on the phone is not outsourcing.
@@katydid2877The Philippines has a 99% English speaking population. They’re super fluent so a lot of call centers are there now. As for software, India is becoming the next Silicon Valley. I know because I’m in Silicon Valley and a ton of my friends (software devs) have told me that this is happening now. Companies making people quit by making them return to the office, then replacing them via overseas outsourcing.
Companies have been outsourcing jobs for decades, nothing new. If a job is still in America, it's because there's a reason for it. Other countries are not as good at tech as America, Germany or Japan, for example.
@@sfrealestatedealmaker6001 yep. A friend just got laid off from Google because the technical writing they were doing got outsourced to the Philippines.
@@sfrealestatedealmaker6001 My niece has wfh for 3 years in HR. That’s not getting outsourced. My son wfh in franchise development. Americans talking to Americans. That’s not getting outsourced.
They for sure started threatening this at my work it’s nutty. Do they really expect us to work the same long hours at the office, I for sure won’t be working the same long hours.
Im still remote. The company has given us no indication on a back to the office. Also I have payed off 75k of student loans during the pandemic. I got a lot better job during the pandemic.
Hey i was just hiking there the other day, you definitely get a good view of LA and can hear the sirens, helicopters, and traffic much better from up there
Rate increases haven't worked because the fed opened a new overnight lending facility, the Bank Term Funding Program, and they're essentially printing around 100B a week right now. THAT is why things keep floating.
I can't believe people will move without making sure it's ok with their company. I informed my company and they allowed me to move permanently and be completely remote. This way, there's no chance for them to call me back. Our office buildings near Seattle are still mostly empty.
That's a mistake. Your employer can change policy any time. Many have. When recession accelerates and layoffs starts in earnest, being remote is inherently one strike against you. Frankly, for those where remote work is not intrinsic to the job, e.g., field sales, being remote is a job and a career killer.
Yup. My company purposely hired me, who was local to HQ for a regional manager, who works from home and travels....to keep a bench handy for future changes.
Don’t let them fool you. Quite frankly, so many people were hired as remote workers and had that status approved by their managers / VPs. Now companies are abruptly reversing course to save themselves from the commercial real estate debacle. They can revoke remote statuses anytime they want, whether you verified it or not. Don’t trust what they say.
I am gonna fight to the bitter end to continue to be a remote software dev >< it's the biggest perk and has increased the quality of my sleep, eating habits and all around life and health so much. I will fight so hard to prove WFH is good! Argh >< Offices are so unhealthy, travel time sucks, downtown overpriced garbage food is awful... nightmare fuel.
Good for you as a fellow senior dev of 12 years we have to take a stand against this. I'm back 3 days a week and pissed. As soon as I see the results of the recession play out I'm going to give them an ultimatum. I'm one of the few senior people left. Had enough of people stuck in their ways. Most of the return I think is so people can play politics or are lonely and can't handle being at home. It boggles my mind why some dont want more time with family.
@@ambivertical And why should I need to come into the office? If you were in my career you'd realize that people collaborate less in office and are even less productive. Why? Because they put on noise cancelling headphones and try and focus on their tasks. "Man up." is such a joke statement. There is no "Man up" in business, it's called get the work done and make profit. Anything past that is superfluous.
I travel while working remotely & I also enjoy life (even with a lower salary)....but I hate working at the Office, people yelling at each other, treat each other like S***t. Spending 3 hours everyday driving from home to the office.
My favorite part of working in the office is going to the bathroom with wipes to clean the shit off the seat from the last guy while pinching my cheeks. That and people wiping and throwing it on the floor instead of the toilet. Also love how wet it is in there. Always the highlight of my day.
My husband and i purchased a home back in 2018 in Ca. We decided to try something new and sold and moved to Tx, after 6 months we ran back to ca. We did make a good chunk of equity on the home close to 300k. But now we are living in a 2 bedroom apartment with 3 kids and a dog. We are feeling pretty down just watching the market and how pricey everything is with low inventory. Our rent is more than what our mortgage was, its hard to predict the future so sometimes being patient is difficult. We don’t know whether to wait or just purchase a house now even though we’d be purchasing in these crazy prices.
Remote work is a transitional Segway to sending low and mid level white color jobs overseas, saving huge amounts on payroll/benefits/medical/etc. Careful what you wish for.
I have a very comfortable home office. Since I am so close to retirement, I do not plan to return to the office setting. I enjoyed the office when I was much younger, but not anymore. The stress is not worth it at my age. I am a top performer from home. The body definitely breaks down before the mind. People need to plan for that as they approach retirement.
My job is allowing me a hybrid schedule and is now transferring me to a district closer to where I live. I'm happy on both counts. I never expected 100% full-time telecommuting. Just flexibility. I also think that the telecommuting situation made the already overpriced housing marking even worse when you have silicon valley techs buying mansions or overpaying market value in more rural areas and effect housing market for locals.
Yup. I was told off the record, a promotion is out of the question unless I'm in the office. That requires me to relocate from bay area to San Diego. I was originally hired as a remote employee. I've been remote for the last 10 years across three different companies. I'm staying put. Remote work openings will be rare going forward.
Hybrid is a win win for both employer and employee. Flexibility for worker, employer can reduce office space and have benefits of face to face employee interaction. 100% remote ideal for only a few companies.
Its good to see couples doing things together especially in this day and time. You are right Mike. The way things are going it's going to get much much worse for everyone in this country. 😮 7:10pm
Agree. My work had us give up our cubicles if we work 3 or more days per week from home. I'm ok with that. Gave up my cubicle and it was the one that everyone wanted before the pandemic because of location and windows and it was huge. I heard they are making all the cubicles basically one small size. They have also hired a ton of new staff. So I suspect when a return to office happens we'll all have the tiniest of cubicles. Good old office culture of farts, food smells, loud personal and work calls, and more. I also used to commute 30 min one way to an office to work with staff in cities 70 to several hundred miles away. I had no staff I worked with in my office. I literally commuted to sit in a cubicle and telework (which I could have done from home and currently do from home). Also as of recent, this public entity has maintained multiple large locations and has less than a 10% occupancy rate (so they're wasting lots of money to maintain and heat/cool these places that aren't highly occupied). Just let all cubicleland work from home and eat the costs to heat cool and other things at their own dime if they want.
One thing about paying the minimum on your student loans, is that the goverment has a habit of bailing out student loans. Which means the longer you can hold off the more you can take advantage of these programs.
Sweet Lisi always makes me smile! (Love your coral colored shorts, Lisi!). I hiked up Runyon Canyon years ago, and as I was going up with a group of hiking friends, Gwyneth Paltrow was coming down. Pretty cool! Also, the view that you showed from that first panoramic shot looked like basically the opening scene from the movie, “Valley Girl”. Very cool!
I saw that couple's story on MSN news. They too are a big fan of Dave Ramsey and went gazelle intense to pay of 80k. Now, they regret it. One thing they mentioned is that interest on student loans is 2% whereas interest for investing in a retirement is 6%. I suppose they are referring to a default retirement plan based on on your projected retirement age, so 6% sounds about right for one those plans... I have been wondering if wise to stop investing into your retirement plan to knock out student loans. I am glad I saw that article too
RE: Moving back and forth between expensive and cheaper locations for work. I did that during my military career, and it is disruptive and costly, so I can imagine what people are going through. It's just part of the turbulence caused by all the pandemic and all more reasons to find out who caused this and lied to us.
Yeah I work 3 remote jobs and in some cases these companies don’t have any thought of going back and in some cases they might request us to come on site.
In CA governor newsome signed a new bill any office or parking lot can develop condos or houses to create more housing. A lot of these office owners just got a whole lot richer!
The company I work for near Boca Raton Florida will bring everyone back to the office 5 days a week very soon, they have started to add this expectation of new hire offer letters. We've been working hybrid 3 days in/2 days out, since 2021. Also, my firm owns the office building where we work, so I get it. There's better collaboration when we are all together. That said, certain departments should be allowed to be remote such as accounting and customer service.
Remote work, telework, was always a trial that would expire with the end of the so-called pandemic. The possibility that companies would again require workers on-site was always there.
Yes and no - since our company has gone hybrid the talent pool has gone up exponentially. A very qualified analyst living in western MA now can justify the drive to southern Maine to work twice a week if he/she can stay home three days a week.
Yes. Imagine having to put that debt on every credit application you put in for decades. Your car or home loan payments could go up because your debt load was too high.
People who moved to low cost of living places with their west coast salaries better do some research before quitting. Low cost of living places also have much lower salaries than what they are getting for working remote. They have gotten used to living like kings, but that will change in a local job market. I knew on guy who moved his family here from Chicago. When his daughter decided to move down here to be a teacher, he was shocked at how little teachers get paid. We had to set him straight that, it's not just the teachers. All salaries are much lower than Chicago.
I paid off 64k 2 years ago and it is great to be free of it. I hated seeing a payment come out every month. The masters degree made me a lot more money so it was a good investment.
Remote work doesn't work for everyone. Some people can't stay focused with distractions at home. I work at a plant and prefer to be there even though I have the option to be a hybrid worker.
Being debt free is freedom! I had a mortgage on my house and paying it ASAP was my priority. Took me nine years but the banker ain't getting fat on my mortgage anymore.
Actually remote working is beginning to boom.. i am a remote worker and there are many many many MAJOR retail comapnies that are using remote workers along with insurance companies, utility companies, banks etc....
