House price increases. Is everyone absolutely loaded?

newsgroupmonkey_

lookstraightahead said:

Then everyone will have longer commutes when they're expected back at work potentially! 

The 10,000 people that work for my company aren't expected back in the office.

And if they are, it's likely to be 2 days a week, so a commute of double the distance isn't going to make much odds.

I'm not saying that some won't choose to go back, because many will. It's the same for many office workers. Business are going to realise it's cheaper to have people at home than pay for costly office space.

lookstraightahead

newsgroupmonkey_ said:

lookstraightahead said:

Then everyone will have longer commutes when they're expected back at work potentially! 

The 10,000 people that work for my company aren't expected back in the office.

And if they are, it's likely to be 2 days a week, so a commute of double the distance isn't going to make much odds.

I'm not saying that some won't choose to go back, because many will. It's the same for many office workers. Business are going to realise it's cheaper to have people at home than pay for costly office space.

Yes I suppose it depends what type of work people do, but salaries might reduce as well.

I know the areas you are talking about really well. I moved from there but gave my job up as I couldn't cope with companies changing their minds.

Have they all been given new contracts and office equipment etc or are the 10000 still hoping? Companies and employees shoujd be agreeing to terms going forward. Many office buildings have long tenancies so companies may have to pay for their office space fur a few years yet, and decide they want their staff back in, which of course is their prerogative. I'm sure lots of people are just risking it, and thinking it's up to them, when actually they are still employees. 

MobileSaver

Crashy_Time said:

getmore4less said:

You go back to the rental (you could no longer afford either) or if you had not bought go into rent arrears.

They will still chase you for the debt though?

Of course, whether you own or rent, you will still have to pay off any arrears once you've been evicted (which is going to come as a bit of a shock to some renters who thought the temporary eviction bans meant they could live somewhere for free!)

lookstraightahead said:

newsgroupmonkey_ said:

I think many of us office drones have realised we don't need to have our bums tied to the office chair.

As such, those who live in expensive areas of the country are looking to move out to the country.

Then everyone will have longer commutes when they're expected back at work potentially! 

I suspect you can count on one hand the number of people who went through all the rigmarole of moving home without first checking with their employers that WFH would be a long term thing.

Greymug

lookstraightahead said:

newsgroupmonkey_ said:

lookstraightahead said:

Then everyone will have longer commutes when they're expected back at work potentially! 

The 10,000 people that work for my company aren't expected back in the office.

And if they are, it's likely to be 2 days a week, so a commute of double the distance isn't going to make much odds.

I'm not saying that some won't choose to go back, because many will. It's the same for many office workers. Business are going to realise it's cheaper to have people at home than pay for costly office space.

Yes I suppose it depends what type of work people do, but salaries might reduce as well.

Why would that be?

SeanG79

Greymug said:

lookstraightahead said:

newsgroupmonkey_ said:

lookstraightahead said:

Then everyone will have longer commutes when they're expected back at work potentially! 

The 10,000 people that work for my company aren't expected back in the office.

And if they are, it's likely to be 2 days a week, so a commute of double the distance isn't going to make much odds.

I'm not saying that some won't choose to go back, because many will. It's the same for many office workers. Business are going to realise it's cheaper to have people at home than pay for costly office space.

Yes I suppose it depends what type of work people do, but salaries might reduce as well.

Why would that be?

Because if the company doesn't need/want staff in the office, the staff catchment area increases dramatically and they can employ capable staff elsewhere in the country or even abroad at a much lower cost, so why would they not try to reduce their wage bill?

charliewhisky

Greymug said:

lookstraightahead said:

newsgroupmonkey_ said:

lookstraightahead said:

Then everyone will have longer commutes when they're expected back at work potentially! 

The 10,000 people that work for my company aren't expected back in the office.

And if they are, it's likely to be 2 days a week, so a commute of double the distance isn't going to make much odds.

I'm not saying that some won't choose to go back, because many will. It's the same for many office workers. Business are going to realise it's cheaper to have people at home than pay for costly office space.

Yes I suppose it depends what type of work people do, but salaries might reduce as well.

Why would that be?

The issue may be that yes employers will realise that home working is doable, then as this is the case , working from anywhere is possible and hey presto your job could be done at a vastly reduced salary cost by a foreign country resident..the knock on could cause issues!

lookstraightahead

Greymug said:

lookstraightahead said:

newsgroupmonkey_ said:

lookstraightahead said:

Then everyone will have longer commutes when they're expected back at work potentially! 

The 10,000 people that work for my company aren't expected back in the office.

And if they are, it's likely to be 2 days a week, so a commute of double the distance isn't going to make much odds.

I'm not saying that some won't choose to go back, because many will. It's the same for many office workers. Business are going to realise it's cheaper to have people at home than pay for costly office space.

Yes I suppose it depends what type of work people do, but salaries might reduce as well.

Why would that be?

As per other comments. People are often paid a "weighting" for an area. I know that in the midlands for a 'normal' job I will get paid less than in a big city. 

You can't sell up in an expensive area, move away to get a bigger property, and then expect long term to get the same salary, otherwise I might just choose to work in New York from the midlands!

lookstraightahead

MobileSaver said:

Crashy_Time said:

getmore4less said:

You go back to the rental (you could no longer afford either) or if you had not bought go into rent arrears.

They will still chase you for the debt though?

Of course, whether you own or rent, you will still have to pay off any arrears once you've been evicted (which is going to come as a bit of a shock to some renters who thought the temporary eviction bans meant they could live somewhere for free!)

lookstraightahead said:

newsgroupmonkey_ said:

I think many of us office drones have realised we don't need to have our bums tied to the office chair.

As such, those who live in expensive areas of the country are looking to move out to the country.

Then everyone will have longer commutes when they're expected back at work potentially! 

I suspect you can count on one hand the number of people who went through all the rigmarole of moving home without first checking with their employers that WFH would be a long term thing.

You cannot just check, you need a whole bunch of paperwork and a change in your written contract. Checks that your home workspace will be suitable, health and safety, correct equipment etc. Just talking to your line manager about what might happen following the lock down is pie in the sky.

Ramouth

charliewhisky said:

Greymug said:

lookstraightahead said:

newsgroupmonkey_ said:

lookstraightahead said:

Then everyone will have longer commutes when they're expected back at work potentially! 

The 10,000 people that work for my company aren't expected back in the office.

And if they are, it's likely to be 2 days a week, so a commute of double the distance isn't going to make much odds.

I'm not saying that some won't choose to go back, because many will. It's the same for many office workers. Business are going to realise it's cheaper to have people at home than pay for costly office space.

Yes I suppose it depends what type of work people do, but salaries might reduce as well.

Why would that be?

The issue may be that yes employers will realise that home working is doable, then as this is the case , working from anywhere is possible and hey presto your job could be done at a vastly reduced salary cost by a foreign country resident..the knock on could cause issues!

Starting to see this in the company I work for.  The easier work is starting to be outsourced to a company in Vietnam more leaving those of us in the uk to concentrate on the tricky bits.  I like the easy, repetitive tasks so am sad about this.  Change is happening slowly but the direction it is taking is clear and I can see myself being obsolete in 15 years.  We set our house budget accordingly.

lookstraightahead

If I was an employer I would expect people back. Through the lockdown we've naturally had a distorted experience but now that children are back at school, transport is better and offices can open, we need to revert as much as we can.