4 ms·
Not a surprise to me given that LA has the least affordable rent in the country (a measure of average percent of income spent on rent --- not absolute rent). Bu
by bagacrap 10y ago
Not a surprise to me given that LA has the least affordable rent in the country (a measure of average percent of income spent on rent --- not absolute rent). But in both cases, my intuition is that this just means California is a very desirable place to live. If Dallas has lots of jobs and relatively affordable housing but you choose to live in California despite the financial burden, it must be because you think it has greater intrinsic value (weather, culture, community, etc).
- NTDF9 10y ago>> affordable housing but you choose to live in California despite the financial burden, it must be because you think it has greater intrinsic value (weather, culture, community, etc). Agreed. In addition, migration and re-establishing a new life in a new place is stressful and not cheap.
- dragonwriter 10y ago> If Dallas has lots of jobs and relatively affordable housing but you choose to live in California despite the financial burden, it must be because you think it has greater intrinsic value Or because you were born here and can't afford to leave; the share of California's population that is native born Californian has been growing for the last decade or so.
- massysett 10y agoFor many people, having family nearby saves so much money that a much lower cost of living elsewhere won't offset it. Having to pay for childcare (vs. having Grandma do it) alone is enough to wipe out the savings of moving to Dallas.
- danjoc 10y agohttp://www.apartmentcities.com/Los-Angeles-Apartments/Los-Angeles/Price-500/ http://www.apartmentcities.com/Los-Angeles-Apartments/Los-An... Here's a 15 page list of apartments under $500 in LA.