Wall Street Companies are Forcing Remote Workers back into the Office. The result is a big sale of Houses in Housing Markets that relied on Remote Work demand during the pandemic.
Goldman Sachs just announced that they are requiring a full return to the office after Labor Day. They join Apple, Google, Tesla, and Peloton as other companies requiring workers go back to the office in Fall 2022. These back to work requirements are - in my opinion - "Stealth Layoffs" where they are hoping that Remote Workers Quit.
These Stealth Layoffs are going to make the Recession and Housing Crash even worse. Particularly in the metros that rely the most on remote work. Tampa and Sarasota, Florida would be one such area, where 34% of LinkedIn Applications went to Remote Jobs in 2021. As a result of the reduction in Remote Work, there is less demand in the local Housing Market, causing a big spike in For Sale Inventory.
Other Housing Markets with a heavy exposure to remote work include:
Las Vegas, Nevada
Charleston, South Carolina
Dallas, Texas
Austin, Texas
Pretty much Everywhere in Florida
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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.
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#remotework #housingmarket
Goldman Sachs just announced that they are requiring a full return to the office after Labor Day. They join Apple, Google, Tesla, and Peloton as other companies requiring workers go back to the office in Fall 2022. These back to work requirements are - in my opinion - "Stealth Layoffs" where they are hoping that Remote Workers Quit.
These Stealth Layoffs are going to make the Recession and Housing Crash even worse. Particularly in the metros that rely the most on remote work. Tampa and Sarasota, Florida would be one such area, where 34% of LinkedIn Applications went to Remote Jobs in 2021. As a result of the reduction in Remote Work, there is less demand in the local Housing Market, causing a big spike in For Sale Inventory.
Other Housing Markets with a heavy exposure to remote work include:
Las Vegas, Nevada
Charleston, South Carolina
Dallas, Texas
Austin, Texas
Pretty much Everywhere in Florida
---
JOIN as a Reventure CHANNEL MEMBER:
https://www.youtube.com/channel/UCVTQ...
INSTAGRAM: https://www.instagram.com/reventure_c...
TWITTER: https://twitter.com/nickgerli1
CONACT US: https://reventureconsulting.com/conta...
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.
Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/
Additional stock footage provided by Videvo. http://www.videvo.net/
#remotework #housingmarket
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Francisco Gimeno - BC Analyst If the housing market in countries like US were having problems, more are coming when big tech is trying to get their workers back to the office or get fired. Probably many will choose to quit rather than return to the office where they will do exactly the same work. In fact maybe in this period of lay-offs in tech this is what the companies would like, with some exceptions. The problem is that if the workers had to return to offices, they will again to have housing close to the company's offices, and leave their far away living places, putting more stress on local inventory in zones far from these companies. We are living in a transition period and unfortunately some leaders live yet in an old paradigm of company work. There will be a change where any job allowing it will be able to be done remotely; different performance benchmarks will have to be written and job agreements will have to be very clear, but this is the next future. Many are not ready to work as they were working before the Pandemic and this crisis, as they are reevaluating a balance between quality of life and work.