Corporate homes sitting empty
Monday, August 1st, 2011Fewer companies offer guaranteed buyouts of executives’ homes when relocating.
It’s the employees that take new risks or bypass enticing job offers. The leap is especially big for the nearly 25% of U.S. mortgage holders who owe more than their homes are worth. Today, companies are spending more time with employees up front, learning about their real estate commitments before job offers are extended. Same conclusion from us, when banks/govt own property you are competing against, everything slows down.