Re:Federal Reserve raises rates by 0.75%
by notch656a on Wednesday June 15, 2022 @05:50PM
(#31759900)
I work remote and the thing that keeps me living in a relatively high CoL city is fear of being locked in if I'm fired and unable to find other remote work.
Getting a mortgage in the country, for a tech worker, is basically a bet that either home values will stay high enough you can back out or that you'll be able to stay remote for the length of the mortgage.
Re:Federal Reserve raises rates by 0.75%
by azemetre on Wednesday June 15, 2022 @08:39PM
(#31761243)
If you lived in a high col city by default doesn’t that mean you live in a desirable area meaning you can likely sell your home? Or are you referring to a lease?
Getting a mortgage in the country, for a tech worker, is basically a bet that either home values will stay high enough you can back out or that you'll be able to stay remote for the length of the mortgage.