3 ms·

Most of the country also doesn't have the problem of rampant housing cost inflation the way NYC or SF does.

• maxsilver 10y ago
  Sure they do. There are gentrification problems happening in most small-to-midsize "rest of the country" cities. Places like Cincinnati / Minneapolis / Austin / etc just don't get as much attention for it because the scale is smaller, but the effect on residents is very similar. In these "rest of the country" places, you can't have a meaningful conversation about housing problems, because the residents will point to the suburbs/exurbs and say "those are still affordable -- that's where the middle class should go". Which is a better situation than say San Francisco, but it's still bad -- it's generating even more sprawl and further kills public transit (as this article highlights). New dense urban construction in small Midwest cities is close-to-identical (within 10-15%) to top ten market pricing, even though wages are still 20-40% lower on average, and construction costs + land costs are lower. Small and medium sized Midwest cities cut themselves off at their own feet, building lots of "urban" housing that's priced identically to places like Seattle / Portland / Denver. They then act really surprised/frustrated when working class people complain about housing costs and gentrification in their "low cost of living" cities. A $300k housing unit in "the rest of the country" is often just as unaffordable as say, a $600k housing unit in Seattle, if you measure that cost in terms of percent of paycheck -- which is what working class people rent/purchase housing with.