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My base loc is Bengaluru, but currently I am not mandatorily required to work from office, and have been working from home since I joined Deloitte in July. Should I talk to my manager and go back to my hometown Kolkata and work from there? Staying in PG all day and working from here is not quite feasible for me. Suggest pls. Deloitte India
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I don’t think it has made a big difference in how much realtors make. I think it’s just not automatic that sellers pay the whole commission, which is then split with buyer’s agent. Some companies offer a fixed fee, but I think most are still percentages. That drives me nuts. Do they really put in that much more work in a higher priced area? Long-term homeowners end up paying a chunk of their appreciation to a realtor. I was hopeful that the suit against them would have resulted in flat fees. I don’t think that has happened. I hope I’m wrong.
Having once been a homeowner decades ago, there were times when it felt like the Tom Hanks/Shelley Long movie "The Money Pit" (1986). Purchase price was about ~$185k (3 bed, 2.5 bath, ~1900 sq ft) not counting fees and transaction costs. Same Northern VA house/lot, largely unchanged, now has an estimated market value of ~$772k shown at realtor dot com.
D1's talking points are spot on, IMHO. I generally prefer to be a renter but might be an all-cash house buyer in the future if the property is right and the terms and conditions are optimal.
As an aside, a trend I've liked about the equities markets is how nearly all major brokerage commissions went to $0.00 in late 2019. Plus for cash accounts, the T + 1 settlement rule (trade date plus one business day) is an added plus. Liquidity combined with zero commissions has its benefits.