logoalt Hacker News

zozbot234today at 8:05 AM1 replyview on HN

> Especially when the big city CoL rises higher than your salary anyway, what's the point of working harder?

If anything, big city CoL is the flip side of higher productivity inside the big city. If you're going to have an "idle" lifestyle, you'll be vastly better off moving to a small rural town where prices are a lot lower by default - same if you work fully remote. (Connectivity used to be a key barrier for the latter case, but fast mobile and sat-based connections have changed this quite dramatically.)


Replies

joe_mambatoday at 8:14 AM

>If anything, big city CoL is the flip side of higher productivity inside the big city.

Productivity is only one of the smaller reasons. The other bigger ones are landlord rent seeking, nimbyism, mass migration, interest rates and real estate speculation, all of which aren't connected to your income progress. That's how productivity and employment in a city can stagnate or even decline while real estate prices can keep climbing.

show 1 reply