Housing costs in Houston are up so much since 2021. Really su-ks for those of us the company sent away and now expects to return. Meanwhile those who never leave Houston have their sweet low interest rate mortgages and bought their houses for half of what they cost today while complaining that expats make too much and Permian CLs are inflated.
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@g3 That's actually…fair.
My reading of the post isn’t that OP is saying compensation is not matching the increased costs of living. This is true. Raises have been cr-p as of late.
I'm busy planning go fund me website for Darren now.I promise I'll work on yours as soon as I'm done with his
No need to have house insurance or pay Homeowners Association fees or pay school and property taxes.
Renting works for some but not all employees.
Rent!
I sold my house a year ago and became a first time renter
It is so much better bro.
I put the proceeds in index funds, it's 30% up, which is more than what the house made in 6 years, pandemic included.
I leave in an amazing neighborhood and never go to home Depot.
Best decision ever.
Home ownership is an illusion. When I sold my house, I was forced to do repairs I would have never done for myself, so you tell yourself that your house is yours, but only a % of it is, the rest is for the tax collector, the lender, AND FOR THE NEXT OWNER AND THE REALTOR AND THE TITLE COMPANY and all other suxers that take a piece of it.
Be a tenant bro.
It is so much better.
Sounds like you need help from a financial planner/ lifestyle counselling.
If you can't afford Houston on an ExxonMobil salary then you made some poor life choices
@OP What do you want to do? There’s no ‘heaven on earth’ company. A lot of people get pulled in by the shiny ExxonMobil brand and the solid base salary, and then reality hits them soon. It’s an at‑will contract on both sides. Always keep your options open and choose whatever works best for you.
@c4, who said anything about living decently? Nobody is crying poor victim here. It’s just a question of alternatives. Given the alternative of what Exxon pays in Houston, the cost of living in Houston, and the quality of life in Houston, there are better alternatives available to smart, educated, hard working Americans. We have a choice. Just like the company has a choice to pay us well, or pay us below market, or even don’t pay us at all and take their chances with workers from other countries.
@OP You can’t live decently on the $170k-$300k+ that EM pays you people IN HOUSTON?
Unless you’re in River Oaks or something, you should be able to pay for your housing on a professionals salary.
It works out for the executives who have a massive amount of RSUs and get quarterly dividends.