Remote Workers Getting KICKED OUT of Their Houses (Back to Office)

Wall Street Companies are Forcing Remote Workers back into the Office. The result is a big sale of Houses in Housing Markets that relied on Remote Work demand during the pandemic.

Goldman Sachs just announced that they are requiring a full return to the office after Labor Day. They join Apple, Google, Tesla, and Peloton as other companies requiring workers go back to the office in Fall 2022. These back to work requirements are - in my opinion - "Stealth Layoffs" where they are hoping that Remote Workers Quit.

These Stealth Layoffs are going to make the Recession and Housing Crash even worse. Particularly in the metros that rely the most on remote work. Tampa and Sarasota, Florida would be one such area, where 34% of LinkedIn Applications went to Remote Jobs in 2021. As a result of the reduction in Remote Work, there is less demand in the local Housing Market, causing a big spike in For Sale Inventory.

Other Housing Markets with a heavy exposure to remote work include:

Las Vegas, Nevada
Charleston, South Carolina
Dallas, Texas
Austin, Texas
Pretty much Everywhere in Florida

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