I should have locked in back in July when I accepted the offer in Dallas, TX. How am I going to afford this with no relocation offer? Now I’m not eligible for severance either. F’AT&T!
25 replies (most recent on top)
Y’all gonna like it down there.
"No, I didn't, I paid $50k but only made $18k per year, payment was $600. So my house payment was 40% of my gross income
Same house today is valued at $195k so at 8% the payment would be around $1400 and I make $130k per year which is only 13% of gross!"
You're an out of touch baffoon if you think the "valued" price is the price that's going on the market. Get a grip
"Did you also pay $400K+ for a 3/2 in 1982?"
No, I didn't, I paid $50k but only made $18k per year, payment was $600. So my house payment was 40% of my gross income
Same house today is valued at $195k so at 8% the payment would be around $1400 and I make $130k per year which is only 13% of gross!
8% Sounds like a pretty good deal today.
So your indecision is somehow T’s fault? What screwed up thought processes the employees have that are left on the payroll. The ones with solid cognitive abilities have already walked away.
"When I bought my first house in 1982 the interest rate was 16%!"
Did you also pay $400K+ for a 3/2 in 1982?
When I bought my first house in 1982 the interest rate was 16%!
6%-8% is a decent rate if you look at history, so don't expect the historical recent extreme low rates to come back anytime soon.
I made money selling my home and moving to Dallas for AT&T in 2021.
2021 was an OK time to move. The last chance, really, although at that time we didn't know it, and everyone was predicting that the housing marker will surely crash very soon, and were recommending not to buy but wait. Effin' experts, right? We moved to another state in 2021, and bought a house, which everyone was telling us was "too expensive", with 2.9% interest. Now, all those people that "knew better" are stuck where ever they are. Prices did not crash, they only increased, and of course the topic of this discussion, that 8% rate makes buying a house virtually impossible for most people. I'm so, so happy we acted when we did, and will not even consider moving for any job. I'll go sell junk door to door before I relocate for someone like T. It's unreasonable and disrespectful of them to even suggest something like this in today's economy.
I made money selling my home and moving to Dallas for AT&T in 2021.
“Exactly why I said F NO.”
This is exactly what T said about your future employment status with the company given this attitude.
More like #DallasBoundDrawnAndQuartered
No thanks. I commuted to traffic in my original AT&T position in 1997, then have been remote since 1999. Never commuting again, sorry I'll have to miss the "ATS Culture Club" fun /s
What irreplaceable skills do you have to warrant relo?
You should have paid cash like I did. I made a ton selling in Atlanta an moving to Dallas was a money maker for me.
You are an id--t!!!!!
I think this is bogus, nobody, not even an at&t employee, can be that d-mb.
You dirty dog, why you done went and painted yerself into a corner! D-mb, d-mb, and d-mb!
You will currently pay more for a house in Dallas. This is true. But you are also almost guaranteed to sell your current home at higher resale value given the current housing market. This is a good opportunity.
Alright. Let's assume you seriously believe this and not just another troll. The price of real estate, while inflated, will only offset the inflated cost of a new home, there is no upside there, however, an 8% interest rate, is going to double your mortgage payment. So there is no opportunity. Anyone that makes a move right now is going to lose a lot of money, for a very long time. Realtors are telling people "buy now, refinance later", yeah, good luck with that! That "later" might be 20 years later, or it may never come.
You will currently pay more for a house in Dallas. This is true. But you are also almost guaranteed to sell your current home at higher resale value given the current housing market. This is a good opportunity.
Don't move your family for these a55h0l3s.
I spent 23 years in this place and honestly, the best thing you can do is leave.
I'm sorry to hear you got screwed on relo, but I'm not surprised.
Absolutely a d-mb move to relocate without relo or a big pay bump to go with it. You should have ran the numbers, you are going to take a big pay hit.
Cost of housing, interest rates, property taxes, toll roads, high prices of consumables would make any move right now to Dallas an irrational decision.
Shingles doesn’t care.
And neither does Gargamel / AKA Stankey.
And property taxes..
There is no job guarantee with this company. You can move and they can lay you off the next day. It is a "fool's move". Best thing you will get is no state income tax in Texas, but it will be consumed by increased cost of living.
Yikes. Thanks Att
Exactly why I said F NO.
Congratulations on being #DallasBounf! You are going to love it. Things will work out.