Moving for a Corporate Transfer What Employees Face
Major firms relocate workers to new hubs like Greenwich, Connecticut, cutting New York headquarters. The piece weighs costs of moving, home sales, new purchases, school-age children, and lack of uniform relocation policies. It cites 2 million annual transfers, 500,000 per year with $4 to $8 billion in relocation costs, and typical move costs near $12,000. It notes few transferees have formal policies or access to home-buying services. A sample sale price of $45,000 is mentioned with presale reconditioning.
MENTIONED IN THIS ARTICLE
New York City
Greenwich, Conn
New York
Employee Transfer Corp
Chicago Title & Trust Co
Costs of Disposing a Home When Relocating for a Job
The article breaks down disposition and hunting costs for selling a $45,000 home, totaling $11,045 including mortgage, taxes, utilities, insurance, maintenance, and moving expenses. It notes average two to three months to sell and suggests employer coverage of these costs plus tax differences. It implies relocation benefits depend on employer proximity and status.
Star Vending fights city rules on hot dog carts
Star Vending complains to Washington mayor that seven agencies approved its eight foot high carts with water sump tanks and metal floors yet city rules were changed to seven foot height. Lawyer Lawrence J. Hogan warns the firm may go out of business without amending the restrictions.
MENTIONED IN THIS ARTICLE
Washington (Ap) — Star Vending
Washington
Company
Lawrence J. Hogan
Star Vending
Hogan
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Radical Party
Sora
Hills Bros Coffee Inc
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Alus 5
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Macha
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