WFH

bad_syntax

On average, over 2021, per month: $3050 - Mortgage at 2.25% interest $1900 - House maintenance, but about $1130 of that was for new house stuff like furniture, an $8k bed, so it is really closer to $750/month on average house maintenance (pool cleaning, maid service, etc). About half of this amount was offset by a bonus I got from the previous year. We pay $750/year for a warranty that saved us like $1100 for a new pool pump already. $1350 - Amazon purchases (grocery, home stuff, some entertainment stuff, etc) $1300 - My entertainment (Games, subscriptions, Books, Kickstarters, etc) $620 - Grocery Store $600 - Medical (My wife was on Cobra for 7 months, excluding that it is only about $150/mo, though another 75/mo was stuff I did through my personal insurance instead of the VA) $580 - Pets. This is higher as we adopted a dog who was thrown from a car and had heartworms and lots of other issues. All fixed now, but still at least $100/mo in food and medicine. $390 - Car maintenance/gas/insurance (note that both are paid for, 2015/2016 models, wife drives \~75 miles a work day, I drive under 10) $370 - Fast food (I typically spend about $8/day at Mcdonalds, and we frequent fast food in the evenings) $330 - Wife Maintenance/Entertainment (Hair, spa, books, etc - she is cheap!) $240 - Electric (\~3000sf house, pool, 6 laptops, 1 server, 2 workstations, all on 24/7) $200 - Dining out (we do less of this now) $200 - Our 2 cell phones, though my company offsets $125 of that $130 - Streaming services $110 - Internet (1gbps up/down) $110 - Pool (we did have a pool leak that added a bit) $100 - Presents and gifts for family and co-workers $60 - Dry Cleaning (for Wife, I WFH and dress like a bum) $60 - Gas for house (I do have a pool and occasionally run the heater) $60 - At CVS/Walgreens, mostly drugs, but sometimes some food/etc $50 - Domain Hosting, iDrive subscription, and Express VPN A few other things that didn't really fall into those categories but are not enough to mention. ​ Keep in mind this was the first year in a new home so had some expenses there. We also took on a new \*extremely\* sick pet. ​ The range in costs per month are for the craziness that comes up like a $1k vet bill, a $1k MRI, a $1k car repair, $1k for new 55" monitor, $3k for new NAS, stuff like that. It has been more stable this year. ​ Yes, I know some of these are stupid high, or just stupid, but we have an extremely low stress life at home, and the only time we fight about money is when I spend a bunch and don't tell her. Today though, WD had a sale on hard drives, and I just asked before if I could blow $3k on a NAS and she was fine with it. No impact to our monthly budget. We blew $12k last month on some landscaping. $2k the month before getting the pool cleaned. So we do have lots of things that "come up". We do not really budget, we just always have enough. I put everything possible on a credit card (for safety) that I pay off completely each month.

ldiotloser

Tesla tracking office attendance via badge use. Employee wrote “this feels so wrong…” “I can’t quite put it into words why it bothers me”. If you feel entitled to WFH then find a job that’s fine with it. Move the fuck along pussy.

dspur33

Damn man that’s also something I’ve never experienced is WFH. I feel like that’s gotta be tough on your mental state. At least for me it would have been. Also, I was just bein a dick btw if you don’t know. I wish I had a reason to wear a tie man. Been in a chef coat my whole adulthood.

honedspork

Or...a lot of the demand for these devices was pulled forward during covid times when loans were cheap, money plentiful, and WFH all the rage. is possible capex expenditures like data centers and workstations may be reduced in a recession...

YoloBigsby

For the next 5 years, would you rather **A) Earn $90k/year and not work at all** (you are not allowed to work another job for more income) **B) Earn $320k/year and work 40 hours a week** (actual full time work, not a WFH for 2 hours per day thing)

YoloBigsby

For the next 5 years, would you rather **A) Earn $90k and not work at all** (you are not allowed to work another job for more income) **B) Earn $320k and work 40 hours a week** (actual full time work, not a WFH for 2 hours per day thing)

ParkerGuitarGuy

Great theories. I'll add to that the shift to WFH. I work in IT and got to experience working from home for a while and loved it. Most of my peers who also work in IT ditched their jobs for new opportunities that offered permanent WFH, and they got some really great pay boosts on top of that. Two years later, I can still go on LinkedIn Jobs, search for remote only with twice my current salary, and there are hundreds of thousands of hits. That's just my areas of expertise within IT alone.

ProjectShamrock

> No one with a degree in, say, compsci knows everything about code review or regulatory compliance or the software ecosystem for every company. Here's where it becomes a catch 22, as a hiring manager myself: 1. In order to pay a realistic wage, I have to post a job at a senior developer level. 2. Senior developers are harder to come by, and will refuse to work at our senior developer wages, but maybe I can sneak in someone who has less skills but can learn. 3. HR refuses to budget on skills, and doesn't send me resumes of less experienced people even when I ask them to because they think they're "protecting" some standards. They also don't mind us not hiring anyone (less work for them?) because they don't adjust the pay scale to reflect the current market. As you can see, in my situation and many like me, we're set up to fail because we aren't allowed to hire entry level people. We also can't adjust wages accordingly. Oh, one other "bonus" is that my company is very anti-WFH. They have no good reason but it's caused us to not just not get applicants, but lose a lot of staff. So from my perspective, the biggest issue with this is how companies are run by geriatric elitists who don't know how to function in 2022 and are holding their companies in a death grip.

sandpipa78

My use case is, I wanna be able to WFH from anywhere in the world - not Amazon jungle kinda remote, but maybe a small city in Spain or Turkey etc. I’m afraid that after I go there, the internet scene might be bad.

handlebar_moustache

+1 to this - my wife works one day a week just to keep her foot in the door with her career, and I’m completely WFH so I can rearrange my schedule to have lighter days on the days she works to watch our kid. The alternative is exactly what you described - she works full time just to pay for child care. Ridiculous.

hydraulicshovel

There’s not a singular answer. During COVID people retired early (fueled by stimulus checks, unemployment checks., and high returns in the markets). I think this will correct itself as many didn’t properly forecast how much is needed to retire early as the market declines. An increase in the availability of WFH jobs. This is ultimately a good thing, it’ll allow many to raise children while staying in the work force and reduce dependency on expensive child care. COVIDs still around, and companies don’t want workers coming in if they’re sick. People haven’t been able to travel freely the last 2 years and it’s Summer. Airline sand leisure reduced staffing because less people traveled due to COVID. Now everyone wants to travel now that the fear of COVID has worn off. I typically fly 6 times a month, and it is always crowded, even on Tuesdays and Wednesdays. Airlines have enacted a reduction in flight hours for new hires to compensate. I do believe as we enter a recession and inflation continues to rise a lot of this will correct itself. But the US loves to spend their money and you’ll see a large amount of debt taken before this cools off. Europes inflation is driven by completely different factors.

Wise-Application-144

>I am still scratching my head why we still have this issue long after government handouts ended. Correlation does not imply causation. For starters, your observation should prompt you to question whether the lazy narrative of "no-one wants to work anymore" was maybe bullshit. The "handout" incentive has long gone, yet the behaviour remains, implying there's no cause-and-effect relationship. ​ IMHO it's a complex mix of several things - inflation, supply chain shocks, new outlooks following lockdown and ill-advised employers demanding costly office attenance for jobs that could be WFH are the causative factors. * For some people, the cost of renting near their place of employment getting to work exceeded their disposable income. It means they effectively cannot afford to work anymore. So people *want* to work, but they quite reasonably refuse to lose money by working and find an alternative. * Other people found that cutting living and commuting costs and moving to an alternative lifestyle (eg moving in with family, living in a camper van, working part time, quitting to raise their kids instead of paying childcare, starting Etsy businesses) led to more disposable income. * Some re-evaluated their priorities following covid and lockdown. I personally know a very successful chief engineer who was ventilated for covid and it completely changed him - he has completely taken his foot off the accelerator at work in order to spend time with family. * And frankly Reddit is full of examples of employers behaving unreasonably and vindictively vis-a-vis intrustive surveillance or compulsory office attendance in expensive cities. ​ So I think the real answer is a complex mix of socio-economic factors making it prudent for some people to leave jobs or the workforce altogether. You can't blame people for choosing the most lucrative employment (in fact, that's exactly what the American Dream is all about!), and right now that doesn't necessarily mean accepting a 9-5 office job. ... but there's an awful lot of assholes that just seek confirmation bias and want to assume that nothing changed in 2020 and people are just being irrationally lazy and stupid!

switch8000

Tech companies ate then up. If all my friends are WFH, I’d want to too. Also if not that, a lot of these companies, Target, Starbucks, etc… are offering free college, $20+ wages, like smaller places don’t want to compete or pay that.

RobertLahblaw

Our youngest (4yo) goes to year-round FT daycare that costs almost as much as my fucking mortgage. It's pricey, but hyper-reliable. She loves it and they work in an educational program so she's not just throwing Legos at kids *"all"* day. The 6yo stays home all summer. I'm pretty much FT WFH so the wife being gone for school isn't an issue. If I have to run out, my oldest is responsible enough to manage for a few hours. For longer times when I have to travel for work, we either call the (Ret.) In-laws to come down who love about an hour away or lean on our neighbors (who are teachers so have the summer off) to help. Having the oldest being old enough to watch the middle one really helps. When I eventually go back to in the office and the wife finds a job after school we'll probably just leave the two oldest at home for the summer. Sucks man. Not having reliable childcare was a HUGE stressor for us until we got it all sorted out.

Always_Late_Lately

> I'm WFH this week .... and you HAVEN'T BEEN SHITPOSTING SINCE SUNDAY? PriORITIES, man!

modsaregayasfukkk

lol I was scrolling down and all I see are your comments. I'm WFH this week. But! Got an email this morning that the dept hired, yes, ANOTHER GIRL. Kms. Wonder what she looks like. Will report back on Tuesday.

Asleep_Policy3050

WFH

PJBuzz

Maybe he isn't allowed to WFH anymore, and as he's a workoholic, it means he is stuck in the office where Twitter use is against policy. It's not that but... Fuck Elon.

Repulsive_Bar_5083

Biden saved me 16 cents on thanksgiving or 4th of July (can’t remember) a couple years back. He’s also going to save me 18 cents a gallon for a few months pretty soon which is nice since I WFH.

scuddlebud

Hmmm maybe you're \_mostly\_ right but I'm definitely over 30 with a real job (WFH) and I am jacked to the tits on puts since last week, (still down since open).

FaintCommand

IMO, you may as well ride it out if you're ok waiting 5-10 years. A lot of their holdings are good companies that were overvalued. Look through the top holdings and ask yourself if you can imagine those being major players in 5-10 years. Is it difficult to imagine Shopify or Square continuing to grow? Do you think people will enjoy the convenience of virtual doctor visits post-pandemic the same way many people want to continue WFH? Do you think video game developers will stop using cutting-edge 3D software? Or that businesses will stop needing to communicate with customers across multiple devices? Many of these companies are now valued below where they were 5 years ago - when everyone seemed to think they were poised for continued growth. Are those companies in a substantially worse position to grow revenue than they were 5 years ago? Is it possible they can improve margins or grow their customer base in the years to come? If you bought into an ARK fund you likely believed that the companies they held had a bright financial future. That hasn't really changed just because of market trends or a poor economic outlook. It just means it gets more difficult for growth companies to grow until there is an economic rebound.

ClumpOfCheese

I think it’s to also deal with the WFH situation. Stop hiring, do layoffs, make people feel lucky to have a job to go to at an office, just like everyone was lucky to have a job at home when Covid hit.

Brookml1

Agree. GAAMM is going to continue to innovate. The WFH story is still relevant and changes to tech will be needed for corporations as well as employees at home. AI will be central in self- driving cars and every area for the foreseeable future. Google having access to as much info as they do on individuals is truly priceless. Same for Meta. Strong balance sheets will get them thru a mild recession in my opinion.

Grand_News_5809

I mean first of all the guy that was excited about RKT was confusing Dan Gilbert's personal holdings with the Rocket holdings; Rocket does not own or operate Bedrock (the large real estate company), Dan Gilbert and his family do. ROC, which I'm assuming that person was talking about, is also as far as I can tell not a Rocket holding. Basically that guy that was talking about it in the pre-market discussion had a lot of his information wrong. And like I said in a different comment, anecdotally I think they might be starting layoffs, or at least their employees might be feeling that way. They're getting more frugal, spending less for their coffees and breakfasts and lunches in the immediate vicinity (which is also due to WFH options, but nevertheless isn't a forward looking sign). And overall these companies are going to get hit as mortgages become more expensive for the consumer, double whammy as far as fewer mortgages to find and pass along, fewer mortgages to finance. Here and in Canada. The P/B value is still at 1.75, down from like 4, so soon it might be worth the risk but not quite yet I guess. Long term? Hell yeah. Now as an entry point? Hell no.

GME_retard-rocket

Need some time off. Worked my azz off through this covid pullshit so people could "WFH". Time for a break.\\

cinefun

They themselves don’t exactly have to and sure some won’t, but their employees can, most studios are entirely WFH now, and many of them are paying for relocation already. If you don’t think 10’s of 1,000s of well paid employees moving out of these states isn’t economic repercussions, well I don’t know what to tell you.

forahive

>The stock \[*Peloton*\] value has plummeted from a market cap of $50 bn to merely $8 bn as WFH ends across US and utility for home gyms disappears. Yea, *that's* why the value evaporated... people going back to work. Uh huh, right. Nothing to do with the fact that the company was massively overvalued from the start and the business model of charging people huge monthly fees (on top of already overpriced hardware) to watch videos they can get for free on fkin YouTube was unsustainable, mhm. What a garbage article. Couldn't even spell the company's name correctly.

Dirty_Techie

This guy has a house 400ft from his office and tells us that WFH is a bad idea and his office should be in 100%

thattwoguy2

A lot of those kinds of assets are likely trash, similar to crypto and comics in the 90's, they're a speculation tool. Digital land and things like that are very unlikely to pan out unless they somehow get attached to something else that people value. They're a gamble, for now. WFH will likely increase significantly in the coming decades and having casual bump-in interactions with people will be something that we have to simulate. In that way the metaverse stuff makes sense, but is so fresh that it's unclear who will lead that revolution. It's unlikely to be an established company. The biggest horse breeder of the 19th century didn't become the biggest car manufacturer of the 20th century. I doubt the creators of an application for self gratification will ultimately create the algorithms that will spark meaningful conversations and collaborative innovation. If they could do that, I think they already would've.

Agent_BlankSlate

Do you WFH?

Dirty_Techie

You'll be surprised, I live in England and bought my 4 bed semi detached back in 2020. It's already valued at £300K from when I bought it at £264K. People and COVID have pushed everyone in London to buy outside since they discovered they could WFH and could afford an actual patch of grass. London prices are starting to fall, but most likely will pop soon. New builds and houses in my area have risen massively since, e.g. my house in today's market brand new is £304K Jokes on them since my house is 2yrs old and settled.

AbeWasHereAgain

The point is that gas prices can be controlled through WFH policies. This would be aimed at corporations that are forcing their workers back into the office.

LikeWhite0nRice

The implications of a WFH mandate are so much larger than using less gas. It'd be an idiotic move, which is why someone from WSB thinks it's going to happen...

Heap_Good_Firewater

Biden is pushing for the federal gas tax to be suspended. What about that suggests that his plan is to limit driving. Democrats took a raft of shit (much of it deserved), for supporting closures of beaches, bars, etc. even after vaccines were available. Do you really think Biden is going to impose WFH going into the mid-terms? I seriously doubt he could do this via executive order, anyway. Seems like something that would have to be signed off at the state level.

UnmaskedLapwing

I traveled a lot and was often jet-lagged in that period so started coming in quite early. To no avail, the mystery pooper was elusive and slick, no visible pattern to his behavior. He was smarter, faster, more intelligent. Simply a better man. He was never caught. I was suspecting a 40+ y old Indian guy as I noticed he didn't wash his hands (!) and was always very happy in men's room. I would like to say those were the good old times but not really. I love WFH.

Waddayanow

Do not single out the stimulus money. Not every country gave and there is still inflation almost everywhere. What was done globally is QE and low interest rates. Also a lot of WFH pretending to work.

13luckyJs

Almost any WFH job will be next on the outsourced next.

widespreadhammocks

The middle managers of the world will never let WFH stick, it shows how useless they really are

Fausterion18

Loads of people in Boise and other similar places bought over the last two years thinking they'll have permanent WFH. If the labor market cools even a little bit their employers will drag them back to their office in California.

modsaregayasfukkk

You know, I was always somewhat anti WFH but after doing it for a few weeks, it grew on me. I’m as productive as usual, I can wake up later, saving a ton of money on gas/food too.

WentFullR

[WFH btw](https://www.reddit.com/r/UberEATS/comments/vbtv9v/throwback_to_my_favorite_day_on_the_uber_platform/)

MeteoroidCrow

Or those who experience their first winter with snow. Just wait til companies start ending WFH or adjusting pay to your address.

DoritoSteroid

The only reason those markets will crash hard again is if we see end of WFH + horrible unemployment. Possible but not until next year.

somedood567

Yep it’s a step change at least for upper middle class and up real estate. Worst case they now spend four of seven days at home (2 out of 5 day WFH white collar setup), which drives a meaningful change in the value of a home. Also doesn’t hurt that the vast majority either financed or refinanced at sub 3% rates for 30 years

Slowhand1971

funniest post i saw today was on r/antiwork. his boss had been allowing TR and F work from home every week and MTW in the office, I guess since the pandemic. He finally figured out I guess that his employees were often using these two WFH days to give themselves an occasional 4-day weekend. So anyway he's still letting them WFH for two days every week but they are on T and TR. That's some funny shit.

SocialSuicideSquad

Chance for you to WFH and pork (hehe) the wife.

TwopackShaker

I think what's possible is that if a severe recession DOES come and unemployment increases to 5-6%... all those employees who demanded WFH and who were hired at ridiculous salaries due to the tight labor market will be laid off first. At that point, it could cause people to start defaulting on their homes. And unless the economy recovers quickly (1 year time frame)... then you could see some significant downward pressure on the housing market.

ItsDijital

I want the WFH job some of my friends have that basically entails a morning hour of emails, a 30 minute lunch meeting, and a 5pm email check. About 2 hours of work a day, the rest spent so whatever.

idkwhatimbrewin

WFH naps will never be meh 😌

mellofello808

But imagine how good your boss's, boss's quarterly expense report would look if he cut all the expensive WFH people off. At the end of the day that is what often makes the decisions. Going into a recession, I think a lot of people may be prematurely celebrating this new world where traditionally brick and mortar office jobs can be done from anywhere. Especially people who built their whole lives around it, and moved to far flung locations, a plane ride away from major job centers.

Werepy

Not to mention the biggest cost which has also seen one of the biggest price hikes is *housing*. And new supply for that is not only slow to come but for the most part just not coming at all. Rent will only keep increasing. We would need some major changes in our current city planning or encourage people to WFH from remote small towns and rural areas where more space and housing is available.

sandpipa78

Anyone with WFH flex thought about working a month or two out of some obscure European cities? Been looking at some second tier Portuguese cities and the shits not that expensive. A month of Airbnb is like 3k/month.

Fuzzy_Scene_8047

oh you sure can, but if I had to pick I would rather go to an office every day where I live now than WFH 5 days a week from a Manhattan apartment

ham_coffee

I think it's more than just a few people that do more hours when WFH. I see a lot of my co-workers in teams calls well after they normally finish.

ricardoandmortimer

Every day on WSB 100 portfolios are killed. WFH has casualties too.

rodeBaksteen

I'm a freelancer and fulltime WFH. My gf has done both, and is now in some hybrid function. Full WFH should never be the norm. It's bad for casual interaction, social aspects and (for most) keeping work and private life separated. So .. I understand CEOs calling for people to return. At least partially.

Endurlay

But then they need to sell the office space they end up not using, because otherwise it’s just a dead asset on the books. But if everyone goes WFH, who would they sell it to? Make no mistake, this push to eliminate WFH is absolutely motivated by real estate investment.

hothrous

My company almost had a big attrition due to demands to come in 3 times a week. Everybody started threatening to leave and they backed off to fill WFH if you want it and your job doesn't involve assisting in the office itself; e.g. facilities, office manager. Now the office has like 10 people in it that all sit next to each other.

SpaceObama

Turns out, it’s cheaper and easier to give everyone their own office by just letting them work from home. It’s tough to argue against WFH when both companies and employees prefer it. We talk about “saving downtown” but the reality is that no one gives a shit.

throwawayfinalform56

Our boomer management sent out a survey where 97% of responses were negative on going back to the office. Their suggestion was better coffee machines and more snacks to "make it feel more like home" God forbid they keep WFH, save billions on rent and getting rid of the middle management layer that exists just to keep an office environment ticking over

Vegetable-Quiet7023

At this point I don't even think I'd take a full office position. Most I would do is hybrid. I'm still 100% WFH and we've all learned there's no reason to go in when we can get our work done at home!

Nimstar7

This is absolutely the general sentiment. To me, WFH is worth about $25k a year... up to a point. I’d rather make $100k year and work from home than $150k and go into the office five days a week. It’s the most unbelievably massive waste of time and the experience of doing it is super unpleasant. WFH is the future.

tomoldbury

Starbucks business model strives on busy cities. If everyone WFH then they will not grow. If they can’t get their staff into the office then neither will other companies. It’s bad for Starbucks but tbh who cares if overall QoL is improving.

goo_bazooka

You can go to school and get STEM degree if you want to WFH. Until then, enjoy mowing your lawns and hating

MostlyUnimpressed

100% with you on that. I've crossed the Rubicon into bearded, long haired, wearing slippers all day (or barefoot) and taking a nap between noon and 1p, let alone the radical drop in fuel, car mtc, and clothing costs from WFH. \-also have hella better equipment at home than employer will ever provide. Hell with their tiny laptops. They won't roll with Alienware but I do...

Shot_Lynx_4023

The commercial property real estate theory is starting to check out. Many people can do their jobs in a WFH capable and Not pay $5-$6 a gallon for gas. And pay to eat lunch. Yet, companies say you Must come in. Is it because the property they have won't have the substantial value that's been leveraged to the tits. Just one crayon eater's thought

Irrelephant_Username

Remember when Biden said everyone needed to go back to the office to save corporate real estate, even though WFH is the best thing for the climate and inflation. 🤡

widespreadhammocks

Big brain move would be to start buying up land near the Great Lakes. Migration for WFH is so 2021, climate migration gonna be the new hotness

dafazman

Its great for the big reset in culture which is about 30 years too late. The genie is out of the bottle with WFH and online shipping (home delivery in a short period of time). People need to give the 🖕🏼 to being forced into large cities when they can just enjoy their own local area. The USA is a huge place (there is no reason EVERYONE needs to commute to work at the same time every day). If only 10% of the population of works needs to be at an office to do stuff and meet with people then let only 10% of the people grind it out in traffic. Let everyone else work from home because its the RIGHT thing to do.

Exotic_Volume696

Lol dude. My company has an office that could hold 60 and we only have 10 people who come in daily, the rest WFH. We have 1/2 the top floor,the other half is empty. Second floor is empty. First floor has one office in it that has some peoplemsome times. They are leaving the office building up, and putting apartments in every empty lot and space they can.

Beneficial_Trip9782

The potential upside would most likely outweigh the cost of additional plumbing / drainage etc. Office buildings are generally built in such a manner to “future proof” themselves (at least where I live in NZ), so I wouldn’t see this as an issue. I do however question whether this WFH thing is a blip or a fundamental change. I believe for some industries it’ll be the former, but it certainly won’t be for all.

Curious-Phi

He does rent so technically he is homeless but not being a home owner. Have you seen his WFH streams, his basement is low key.

ItsDijital

Rich people would WFH and poor people would get more poor.

rdblaw

Fucking duck heads let me work from home What’s a recession good for? According to billionaire real estate magnate Stephen Ross, it may do for employers what they haven’t been able to do for themselves: force workers back to the office. A shrinking economy and concomitant job losses will shift the leverage back to the bosses and lay low the dreaded letters WFH.

fresh-diarrhea

Do you WFH?

Yepah28

I work in downtown Seattle at a high rise building for commercial use, the property management have been toying with the idea of turning unused office space in condos/apartments. Since they are pretty much under 20% capacity at times with WFH.

gordonlabs14

I’m a IT director , everyone is WFH. No one will be getting laid off at my co recession or not. Maybe we’ll use it as an excuse for a few slackers, but that’s it.

TweaksForWeeks

So rather than writing letters to oil company execs, shouldn’t we be promoting more WFH days? Good to lessen demand and a free benefit for workers - hell it’s even greener than EVs

the_stormcrow

WFH: "office" is 18 feet away. Indecent below the waist all day. Office: office is 18 miles away. Traffic. Pants.

infinity884422

Valid points. I’m in a super high COL area but since my partner and I both WFH, we are looking to move to a lower COL and try and buy a home outright

Semi-Hemi-Demigod

WFH gang is saving even more money

Kamanar

WFH, as long as I don't stand up on video calls I can just wear a nice shirt.

Comma_Karma

That’s the new American Dream right there. WFH should probably be standard for at least 50% of office jobsZ

sunshinenwaves1

I think it will be the suburbs that suffer. People went to suburbs when WFH took off with covid. If they are forced back to the office with no supply of reliable autos/5 dollar gas, things could get rough.

ItsDijital

People talking about real estate crashes while licking their lips. Pretty much anyone with a white collar job who went WFH during the pandemic is now sitting on a fat down payment. Newsflash: Crashes don't happen when there are buyers waiting.

Premier_Legacy

Sounds like a poors thing. Get a WFH job where you play Oblivion and are paid 3x your worth bro

BlueTreeCloud

I'm going to use the MD's scanner in his office on Friday when's he's WFH

Cudi_buddy

Same. I drive a Prius so it isn't like I can't afford it lol. But it is just I don't need to or want to for that price. I WFH, so most my driving was for leisure, which I just do things closer to my house now. Went from filling up every 8-10 days, to closer to 14-16 the last couple of months.

RAGE_CAKES

I love my new job, just got told I'm WFH on Mondays and Fridays until September. They told me to just use the time to "be ready" for next year.

modsaregayasfukkk

He gives me awkward stares every time we cross paths now, lol. I am WFH this week though.

McKnuckle_Brewery

People always need homes, or rent out homes for income, and most of them need a loan to buy one. Commercial buildings for industry, retail, medical, luxury activities, etc. - I'm not so sure. I'll bet that each market varies quite a bit, so do your research. WFH and reduced travel are factors, but they can't completely obviate the persistent need for business spaces. Some markets may decline for a period but ups and downs are periodic, and the need for buildings seems to grow inexorably with time. Very generically, people will always need spaces in which to live or work. So I think that carefully chosen REITS, or a diversity of them, with continually reinvested dividends until you are ready to take the income, are justified as a permanent component of your portfolio. Just don't overweight that component.

modsaregayasfukkk

Citrix has been down all morning so I can’t even work. Best part is that I’m WFH this week, so of course my ass went back to bed. Of course a dumb coworker was like, “oh should we come into the office today?”. No, bish stfu. Thankfully, the pc’s in the office are down too 😂

BillazeitfaGates

You can look back and ask, well if there were less housing per person before covid compared to now, why weren't prices skyrocketing then? The answer is interest rates, billions in govt handouts, and WFH. Now that those things are being rolled back it only makes sense they would fall back to the trendline, every bubble eventually does

VisualMod

I am a bot. You submitted a picture of a banned ticker, WFH. The market cap of WFH is **0** This check will fire if you included unnecessary pictures that have bad phrases or a bad crop with news about cryptocoins, for example. Repost with the useless pictures omitted if you did that. Yell at /u/zjz if it's above 1 billion-ish market cap and not related to crypto/pennies/OTC.

-Anordil-

And his WFH stance

Ppubs

Your strategy breaks down in the correlation of mortgage demand is housing prices. Mortgage demand was more tied into temporarily lower rates than anything. Housing is being driven by an exodus of cities/WFH/ lumber prices skyrocketing

gordonlabs14

Fuck working in the office, u need WFH bro.

Cyrrus86

What? You realize the case shiller index is a lagging indicator right? Hop on zillow and look at all the reductions and the rapidly blossoming inventory. Wood price is collapsing largely due to the imploding real estate market. For the first time in a long time, I am seeing SFH houses listed below 600k. I live in denver too which has historically had a stronger market. WFH and/or tech areas like boise, montana, tennessee/kentucy, ohio, florida, texas, washington watch out. People's 401ks are getting destroyed, tech/crypto getting destroyed, rates are SKY ROCKETING. Due tell, where is this demand coming from?

jpoole4g63

Yep, perfect day to have The Big Short playing in the background as I WFH 😅

AcceptableBother

The Bernie/Trump unemployment was the greatest poverty reduction in 60+ years, which is kinda comical and the only part of this the poor came out winning. White collar professionals, business owners and corporations have benefitted the most, from a mixture of PPP, soaring stocks (backed by the Fed) and WFH.