Date: October 31 2009
Source: denverpost.com
Website: http://www.denverpost.com/business/ci_13681568
A depressed housing market coupled with high unemployment has many companies reducing the number of employees they transfer between cities.
As a rule, employees won't relocate if they have to take a hit on their house, and in today's economy, many companies aren't willing to make up the difference.
"Now, in the interview process, they'll ask you what's the status of your home and how much you owe," said Kimberly Smith, president of Avenue West Corporate Housing. "Employers can't discriminate on a lot of things, but there's nothing to protect you from (being asked) what your home is worth and what you paid for it. The candidate that has less attachment to real estate gets the job."
