Housing crisis? Bank of America takes $533,500 loss on exec’s home

Possibly, but your employer buying your house (and selling it on the market) as part of a relocation used to be a not-uncommon perk of some jobs. My parents got this nearly 30 years ago while working at a big company, and my father was no executive. These kind of perks have widely fallen to the wayside, except for top executives, of course. Just imagine, regular working people used to have benefits, vacation, bonuses, medical/dental, etc., and this isn't even Canada or Europe. What do we have now? Shit, is what, and the moribund unions are being laid to final rest. Things have gotten steadily worse in the last 30-40 years and people don't even seem to notice.