Mortgage rates have skyrocketed and homeownership is often a liability for city managers given our short life spans and transient nature. Combined with residency requirements and rampant inflation, it can be extremely expensive for city managers to relocate for a new opportunity.
In this episode I discuss some inventive ways local governments can get creative to lure city managers to dump their sub-3% mortgage rates and relocate to a community in an environment where interest rates exceed 8%.
SHOW NOTES:
In this episode, I referenced my guest appearance with the Northeast Government Executives Council (NEGEC). You can watch my interview replay here.
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