Re:Opendoor is cutting 35% of its employees
by ghaff on Thursday April 16, 2020 @10:16AM
(#22889578)
>Plus supply in the tank because people aren’t moving.
One of the complicated things about housing prices is that people do (mostly) need to live somewhere. Yes, there are homeless and yes people move back in with family etc. But, for the most part, the people getting laid off from, say, Bay Area tech jobs aren't immediately picking up and moving to some cheap city in the Midwest. Especially if they already own a house.
One of the complicated things about housing prices is that people do (mostly) need to live somewhere. Yes, there are homeless and yes people move back in with family etc. But, for the most part, the people getting laid off from, say, Bay Area tech jobs aren't immediately picking up and moving to some cheap city in the Midwest. Especially if they already own a house.