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  1. #10526
    Join Date
    Mar 2008
    Location
    the ham
    Posts
    8,490
    Re-Lo insurance policies still exist. I couldn't tell you if/how many tech firms purchase them as an employee benefit, but companies in other industries/sectors that have the right to transfer employees definitely do. If the workers are organized, they might be purchasing it though their unions as well.

  2. #10527
    Join Date
    Mar 2008
    Location
    northern BC
    Posts
    21,655
    The number I heard was 50K for a moving package, I think it was internal, a branch would only get so much budget for moving costs so they didn't wana waste it,

    not common but its part of the whole IBM'er thing which took me awhile to really understand, mostly the light bulb went on when I was out of it, I had to wear the suits but I never had to sing the company song ... I could go on for pages

    I still use the extended benifits, spend the non-contributory pension $ and hopefully later than sooner cash in that 12k insurance policy they instituted to bury me
    Lee Lau - xxx-er is the laziest Asian canuck I know

  3. #10528
    Join Date
    Oct 2003
    Location
    Big in Japan
    Posts
    44,156
    Quote Originally Posted by AdironRider View Post
    I would be surprised if that program still exists, even back in the day it wasn't a common benefit.
    Yeah. Ancient times. I don't even think they have a pension anymore. Last I heard they were forcing people to move to India to keep their jobs, and then they reduced their salary to adjust for third world wage scales.

    Let's do some livin'
    After, we die

  4. #10529
    Join Date
    Dec 2003
    Location
    Tech Bro Central
    Posts
    2,950
    Quote Originally Posted by 4matic View Post
    WFH will run it’s course. Remember when Marissa Meyer became CEO of Yahoo and ended WFH to restore accountability? Same thing will happen when companies need to cut costs. The marginal workers living to far to come to office will be cut.
    I don't think so. My company's only ~25 employees at the moment, but we had a near-instant change of perspective around WFH in March. We'll try to re-open our office when we think we can do so safely, but I'm pretty sure our mindset around WFH is permanently changed. I have one daughter who works at another Bay-area startup and another daughter who's at Square, and they would say the same about their companies.

    Other industries will differ, but tech is changed permanently.

  5. #10530
    Join Date
    Dec 2003
    Location
    Nhampshire
    Posts
    6,079
    Quote Originally Posted by The Suit View Post
    I don't think so. My company's only ~25 employees at the moment, but we had a near-instant change of perspective around WFH in March. We'll try to re-open our office when we think we can do so safely, but I'm pretty sure our mindset around WFH is permanently changed. I have one daughter who works at another Bay-area startup and another daughter who's at Square, and they would say the same about their companies.

    Other industries will differ, but tech is changed permanently.
    Also FinServ. Especially given that an increasing amount of work is global and cross time zone, shit is just easier to schedule if you can hop on for an hour at 9 PM or 5 AM on occasion.

  6. #10531
    Join Date
    Aug 2007
    Location
    At the beach
    Posts
    14,249
    Quote Originally Posted by schuss View Post
    Also FinServ. Especially given that an increasing amount of work is global and cross time zone, shit is just easier to schedule if you can hop on for an hour at 9 PM or 5 AM on occasion.
    WFH is great for those in FinServ who would normally need to be at work at 6am for the opening bell. My oldest loves rolling out of bed at 5:30am and jumping on the computer to work. She never wants to go back to the office. So long as an employer can be sure the work is getting done in a WFH enviroment, why pay big $$$ for all the fancy office space downtown?
    Quote Originally Posted by leroy jenkins View Post
    I think you'd have an easier time understanding people if you remembered that 80% of them are fucking morons.
    That is why I like dogs, more than most people.

  7. #10532
    Join Date
    Mar 2006
    Posts
    16,974
    All it takes is one major security breach and wfh is in trouble. Especially in banking and brokerage.

  8. #10533
    Join Date
    Dec 2009
    Location
    The Mayonnaisium
    Posts
    7,949
    Quote Originally Posted by Shredhead View Post
    There’s going to be lots of opportunities.
    Just not in ski towns, for now.
    What is your take on timelines and the broader market going forward? Seems like you've had some home runs over the last few years.

  9. #10534
    Join Date
    Dec 2003
    Location
    Nhampshire
    Posts
    6,079
    Quote Originally Posted by 4matic View Post
    All it takes is one major security breach and wfh is in trouble. Especially in banking and brokerage.
    Everything is cloud based anyhow. Core infra being tied to a physical location will become increasingly rare.

  10. #10535
    Join Date
    Jan 2010
    Location
    2 hours from anything
    Posts
    8,446
    Quote Originally Posted by 4matic View Post
    All it takes is one major security breach and wfh is in trouble. Especially in banking and brokerage.
    That shit happens with people in the office too.

  11. #10536
    Join Date
    Mar 2006
    Posts
    16,974
    ICE stopped paying for cell phones and Internet access years ago and had a zero wfh policy prior to March. I’m out but I’ll find out what happens when restrictions are lifted. I suspect they go all hands at some point to at least to get a baseline. Their deal was always have really nice offices to showcase.

  12. #10537
    Join Date
    Mar 2006
    Location
    Beaverton, OR
    Posts
    461
    Quote Originally Posted by AdironRider View Post
    I would be surprised if that program still exists, even back in the day it wasn't a common benefit.
    I bought my house from someone on a transfer with Dahmiler from here to chicago. They had a similar program. ReLo company takes ownership of house after accepting offer, does all inspection fixes, gives back to seller just before sale and then transfers to me or something like that. Goofy system. I walked away from a house under contract just 2 months prior to that with similar construct... sellers already moved to Boston and after signing contract, ReLo company came back with a different one 3 days later....instead of signing I looked at property again and had buyers remorse and punted.

    Seems those are quite common...although maybe not with IBM anymore?

  13. #10538
    Join Date
    Oct 2005
    Location
    Idaho
    Posts
    8,927
    In the insurance brokerage world, I can tell you those going into the office are crushing it and those who continue to work from home are not hitting the numbers they need to be. I think it's more of a work ethic thing for sales though. Our company has allowed brokers to work from where ever they wanted much before covid and the same held true then too. Hustlers make the money.

  14. #10539
    Join Date
    Apr 2006
    Location
    Movin' On
    Posts
    2,580
    Quote Originally Posted by liv2ski View Post
    WFH is great for those in FinServ who would normally need to be at work at 6am for the opening bell. My oldest loves rolling out of bed at 5:30am and jumping on the computer to work. She never wants to go back to the office. So long as an employer can be sure the work is getting done in a WFH enviroment, why pay big $$$ for all the fancy office space downtown?
    I started WFH for a UK based tech company in April. I have a lot of 7 AM meetings and sometimes the odd 2 AM or 2:30 AM call or email that I have to send out.

    It's so much nicer to be WFH. I don't mind the hours if I can run/bike/ski between the odd hours that I have to work. I can roll out of bed 5 minutes before a call, grab something to drink, and then cruise to my office. It beats the hell out of the 45-minute commute through suburban stoplight hell that I previously had to deal with.

    In my previous role, I would often have calls until very late at night with clients in Asia and Australia. People would look at me like I was a slacker when I walked into the office at 9:30 AM after I had been on calls until after midnight.

    The WFH change has been pretty sweet, but I realized the other day that there will probably never be a time in the future where my former boss, myself and the team I used to manage are in the same place again. We were all pretty close and had spent years traveling the world together. Since the covid lockdown, my boss got poached, I got poached and my team got rolled into a different department. It's such a different world now. I never would have believed it a year ago.

  15. #10540
    Join Date
    Aug 2007
    Location
    United States of Aburdistan
    Posts
    6,923
    Quote Originally Posted by 4matic View Post
    ICE stopped paying for cell phones and Internet access years ago and had a zero wfh policy prior to March. I’m out but I’ll find out what happens when restrictions are lifted. I suspect they go all hands at some point to at least to get a baseline. Their deal was always have really nice offices to showcase.
    You work for immigrations and customs?

  16. #10541
    Join Date
    Mar 2006
    Posts
    16,974
    Quote Originally Posted by muted View Post
    You work for immigrations and customs?
    The ICE

  17. #10542
    Join Date
    Dec 2010
    Posts
    375
    I'm looking at a piece of property that's up on an absolute auction. Just land with some utilities on it currently. Anyone had any experience with absolute auctions? Any tips?

  18. #10543
    Join Date
    Mar 2008
    Location
    the ham
    Posts
    8,490
    Are you talking courthouse steps?

  19. #10544
    Join Date
    Dec 2010
    Posts
    375
    Quote Originally Posted by Ted Striker View Post
    Are you talking courthouse steps?
    Nah, online auction setup over a few days.

  20. #10545
    Join Date
    Sep 2006
    Posts
    4,476
    Quote Originally Posted by tetzen View Post
    Nah, online auction setup over a few days.
    This is a real piece of dirt, not some scam auction? Have you talked to a local RE agent on the estimated value of the property, and you know, verify that the property is real?
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  21. #10546
    Join Date
    Feb 2015
    Location
    Boston
    Posts
    3,567
    Hubzu listing?

  22. #10547
    Join Date
    Dec 2010
    Posts
    375
    Yep, it's a real lot. Been to it once before and scoped the area. I watched it get foreclosed on about 2 years ago by the bank. Seems like the bank is eager to get it off its hands.

    The only question that remains is if the septic system is still operable. Although if it isn't, it's not a deal breaker. Auction is run through the auctioneer/broker's own website.

  23. #10548
    Join Date
    Sep 2006
    Posts
    4,476
    I guess is long as you have done your DD, then come up with a dollar value that you feel the property is worth, and be disciplined not to go over that in your bidding. Good luck!
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  24. #10549
    Join Date
    Nov 2003
    Location
    none
    Posts
    6,826

    Real Estate Crash thread

    I got screwed by BA’s online auction.com in 2013.

    Paid $7500 deposit up front to participate and submitted financial info.
    Ended up highest bidder.

    “We’ve accepted another offer”.
    Fuckers.
    Last edited by Shredhead; 10-24-2020 at 09:10 AM.

  25. #10550
    Join Date
    Apr 2006
    Location
    Movin' On
    Posts
    2,580
    My former company (tech, >500 employees, I was there until August) announced today that no one is going back to the office until July 2021 at the earliest and that employees can now be permanently remote with manager approval. The company is seeing all-time record profits right now with everyone at home.

    Glad I pulled the trigger on mountain town real estate when I did. I'm sure other companies will be making similar decisions. Several former coworkers have contacted me asking for info on where I'm living- they are all looking to escape the Front Range. With their wages, they will easily be able to live in ski towns. One just pulled the trigger on Bozeman, another pulled the trigger on Breck. Another is looking at Steamboat and possibly here (Teton Valley).

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