alt Hacker NewsThey don't want just a house though. They want a house in a "cool" area. Look at median home prices in rust belt cities. Mortgages around $2k a month or so. Very doable for a lot of people but you never hear a drum beat about this. You never hear about people moving to these cities unless they have family there already to remind them that, hey, this is in fact a great deal.
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A yes, the rust belt, where folks are famously living like fat cats.
Are there jobs in those cities who sit in an area named after their economic collapse?
Do student loan costs go down if you move to a low cost of living area?
We had some movement in the direction of people immigrating to low cost areas like that with the rise of remote work, but then execs decided they didn’t like not having control over their workers live and did RTO. To their offices in the cities with high rent and home prices.
You never heard about people taking that “great deal” because it’s not a great deal. Like really, you think there’s money left on the table like that and there’s not at least some low double digit percentage of the population that would have sought out the benefit? Or is it more likely the market evaluated the option and it’s not good
Used to be you could buy a starter home in those cool places. I live in one today with a $1200 mortgage. Good luck buying that now, kids.
>They don't want just a house though. They want a house in a "cool" area.
I'd just like a proper job again, thanks. Just like I had before the tech industry shit itself 2-3 years ago. My current "cool" ideas are not being in debt and not worrying about a 3000 dollar catalytic converter replacement.
Now my "really cool ideas" is being able to take a bus around town without being stranded if I miss the last bus at 8pm. But that's blue sky thinking right now.