I should have clarified that it's the big corporate homebuyers who are going to be the bag holders on toxic home assets. Not the three companies I originally indicated. I didn't mean like wholesale liquidation as in they own thousands of homes, just getting rid of the inventory of what they do own. I don't see it majorly impacting the housing market here or at large. Just pointing out that it's a signaling indicator.

Some of the big corporate homebuyers can carry the float. Only for so long though. At the end of the day though, no one likes going to their boss and saying "Yeah I lost us a ton of money by holding on too long". Even CEOs fear the board.

Yeah. VCs, tech valuation, and "profitablity" is a fucking wild landscape. Meta is a prime example of that.

Yeah. Too risky to their bottom line and best to stick to their core business model.

The jobs that lend themselves to being fully remote with high pay tend to be in technology. Yes, there are companies that are fully remote. There are also companies pushing for hybrid. Like I originally posted, if we go into a recession, employers are going to use this as leverage.

You're only seeing the tip of the iceberg.

Here's more.

Keep in mind when you are remote and laid off. You're competing against everyone in the United States (generally speaking) who are qualified for a position. Would you hire someone from a top 5 tech giant or someone from a company you've never heard of? Lots of companies will bait and switch and say "fully remote" and really mean hybrid. They'll also know that they can get away with offering a lower salary because they'll find someone willing to take the pay cut and they can save money.

Finding a new job is a nightmare in the digital age. Go look at /r/recruiting.

Yeah, I wasn't being particular to those companies in the Richmond market. Just that their moves indicate a trend.

Redfin will give you a cash offer

Zillow

Airbnb

Mixed bag. Lots of transplants flocked here because of LCOL. There are more rentals on the way and still not a lot of inventory for a buyer. Rising mortgage rates will cool the heels of some buyers.

Redfin, Zillow, Airbnb are dumping their inventory. A shitload of toxic assets can absolutely destroy a balance sheet. Corporate homebuyers face the same fate.

The interesting bit will be what happens after earnings reports come out and signal if we're truly headed towards a recession. There have been rounds of layoffs in almost every sector.

If we are headed into a recession. Employers are going to have all the leverage. The old school CEOs who prefer people to be in office are absolutely going to use this as a way to force employees back into the office, "trim the fat"( laying off middle management / "low performers" ), or use it to justify reducing pay to match regional costs. There have already been layoffs or hiring freezes in many sectors. Have you tried applying for a job lately? The process is a fucking nightmare! Now combine that with job scarcity and an overflowing pool of laid off workers.

Those who bought a high priced home based in the past two years planning on two incomes are going to be struggling if one of those incomes dries up. Unless one partner can carry the weight, that RVA grass isn't going to appear as green when they realize there's not a lot of tech jobs here and might be forced to sell. Increasing the inventory.

All we can do is wait and see.

But how else am I going to run for office? Merit?

We need to start taxing churches and put that money towards social programs that work.

I miss Richmond prior to 2016 except the racist statues.

You're gonna have a bad time.

Where near RIR? There's a massive difference between Northside and Hanover.

It is loud. Terrible traffic when the race is in town. The good news is you can monetize your yard and charge for parking.

The Mad max corridor

Here's your badge and gun, now get out there and clean up these streets, start with the crab hole.

Keep up this work and you just might make sergeant.

Don't give bottoms up ideas.

What paddle and boat do you have?

He wanted those genetics more than the other sperm.

Locker room

Will I ever get what a "Jeep thing" is?

Always has been.