Reason being1) Oil industry mass lay offs.2) Even though they are lower than california, they are 40% more than they were 3 years back - yes, a 300k home in 2012 is now at 550k.3) Property taxes are very very high especially in master planned communities (3.8 % in new areas of pearland, a suburb of houston), plus there is requirement for flood insurance separate from home owners insurance.4) cost of living has gone up a lot in Texas against other states (again don't only compare with California).

You either had a friend in HR covering for you who didn't realize there would be two requests for Verification of Employment, or the word wasn't out about layoff's yet when they were asked or the lender is taking short cuts and not asking before things got this far.

The stock market held up till 2008 and the worst of the layoffs were 2009 (that's when I got the axe).

(Wife in big tech finance) with all of that easy money stock options and big salary signing bonuses were offensive before  ... trending other way (severance packages is the topic at the moment) every day a company is announcing a “re-org” involving layoffs.

Also banks are less likely to loan in this period of lay offs because of potential defaulting on a loan, therefore it's harder to get a loan in these times if you not only have the 2 years of work history lined up, but current employment as well too, irregardless of the savings I have and first time homeowner grants I plan to use (in my experience) .Would owner financing and hard money lending be the only way around this (hypothetically - not saying I would want to start out like this though ) ?

Oh right - I have no money, and if I had the money to buy a community, I certainly don't have the credit (I had lost my job at one point, and with the layoff and loss of income went the good credit..

I'm beginning to think that there isn't a single place in Colorado where you can cash flow on small multifams 😔.My company is starting to lay off people and I'm putting together contingency plans.

Layoffs and retirements.

But lets see if there're new rising of migration wave from tech layoffs.

Company runs into issues and has to start doing layoffs.