I was excited to be moving back to Houston from the Permian until I looked at home prices. While my house in the Permian was much more expensive than a similar house in Houston the price has not increased as a percentage anything close to what Houston houses have increased in the years since I moved out here. I can't even afford to buy my old house that I sold when I left Houston. So much for being rewarded financially to go to a hard to staff location. If they ask you to go to the Permian just say no unless you want to lose money.
11 replies (most recent on top)
As another thread read: "your loyalty will not go unpunished."
You made a bad investment decision. XOM is not required to pay for your STUPIDITY. You did not have to sell your houston house. You could have kept it and rented it out. IF you needed money to buy a house in Midland, you could have borrowed almost 100% of the home price at low interest rates. You must not be financially savvy. Yes, there are some headaches with owning 2 houses and renting one out, It was your house...your decision to sell. XOM did not make the decision. You screwed up. Also, if it was not the proper timing for a move to Midland, you should have turned the job down.
You made a bad investment decision. XOM is not required to pay for your STUPIDITY. You did not have to sell your houston house. You could have kept it and rented it out. IF you needed money to buy a house in Midland, you could have borrowed almost 100% of the home price at low interest rates. You must not be financially savvy. Yes, there are some headaches with owning 2 houses and renting one out, It was your house...your decision to sell. XOM did not make the decision. You screwed up. Also, if it was not the proper timing for a move to Midland, you should have turned the job down.
Tough situation. Downstream employees who used to move to the old Fairfax VA location had the same issues. Houston is a large metro area and still way behind in prices verses other growing metro areas. In the future never sell your house. East of 45 or a long commute are your options. It is only going to get worse.
Just buy in the east side of 45/99 the ratchet side of spring
Yes relo policy fu--s everyone.
Houston house prices are ridiculous.
Company won’t give a sh-t, sadly.
Maybe quit?
@kca right here with you but understand the policy for what it is and what it isn’t.
If you want to fix the problem, just buy what you can afford. Midland has not been a place to move even in a oil and gas bo-m situation. Most of the time people that move from Houston to Midland lease a good apartment knowing that one time they are going to move from the Midland shithole.
@yju. You obviously have never been subjected to the poor domestic relo policy. It svcks
What does a “hard to staff” location (and your relocation benefits on both ends of the move) have to do with a booming Houston real estate market?
Woah dude. Yeah all dat true yo. Yo fvcked. We tried holler at ya yo. Don't go yo. yo fvcked.