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On the flip side, by buying the house you are taking on a lot of extra risk. If the company shuts down or moves its factory you will be left both unemployed and
by dagw 4y ago
On the flip side, by buying the house you are taking on a lot of extra risk. If the company shuts down or moves its factory you will be left both unemployed and left with a virtually worthless house, since no one will want to buy a house in a place where the by far single biggest employer just left. If you're renting you'll just be unemployed and can easier move to where you can find a new job.
- smeej 4y agoThat risk exists for any home purchase in a small town/area with one major employer, not just homes the company helped build. If you work for the company and live in the town, you take on that risk, regardless of whether the company helped build the house.
- dagw 4y agoIndeed, that was my argument for renting your company housing instead of buying it.