3 people who thought they could work remotely for good bought homes hours from their offices. Now they're being called back and facing the decision to quit or sell.
Before remote work became the norm during the pandemic, Highbarger, 56, had always felt the need to live in a tech hub given his career as a kind of business consultant calledHe had previously lived in the Bay Area and Seattle, and most recently in the budding tech hub ofThree months ago, Highbarger took a new job with the understanding that he would be remote.
With mortgage rates far from what they were two years ago, some employees are facing the decision to take a loss on their new homes in a slower market, come up with creative ways to show face at work, or even quit. A daily five-hour drive across the state to the nearest office is hardly a consideration for Highbarger.
"At the time, the market was so crazy. Everything was selling," she said of March 2022."I thought, 'Well if I buy it and I don't like it, I can always resell it.' But that market really stopped."
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