3 ms·
Wouldn't that be priced into the relocation package you negotiate? It is a problem but no different than buying a home in a flood plain, if it's something you
by grepfru_it 3y ago
Wouldn't that be priced into the relocation package you negotiate? It is a problem but no different than buying a home in a flood plain, if it's something you have to do.
Or maybe not, I have never negotiated relocation and the only industry I have to base an example off of is oil and gas and they pay ridiculous amounts of money so you get a comparable house/mortgage to your old one
- chimeracoder 3y ago> Wouldn't that be priced into the relocation package you negotiate? It is a problem but no different than buying a home in a flood plain, if it's something you have to do. I can't imagine a relocation package pricing in foregone tax benefits. But even if it did, that's a one-time payment in exchange for giving up a benefit that exists in perpetuity. There are ways in accounting to discount the benefit of indefinite/perpetual annuities and compare them against current cash value, and in practice they almost always undervalue the former, often by limiting the future time window.
- grepfru_it 3y agoCalifornia is only one state, I would also be upset to lose my 3% interest rate. Oil and gas companies will price that in and goes 1-2% over what you would lose. So maybe I just have a skewed perspective of relocation packages since I only have o&g to compare to