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> No one else does this but me Are you being sarcastic? If you're not a Bay Area (or other unaffordable area) resident, then your viewpoint is rational. The p
by linkregister 9y ago
> No one else does this but me
Are you being sarcastic?
If you're not a Bay Area (or other unaffordable area) resident, then your viewpoint is rational. The price-to-income ratio of your new neighbor should be about the same as your price-to-income ratio when you moved in.
If you're a resident of metro San Francisco, San Jose, Denver, Dallas, Austin, Washington DC, or Boston, then you are expecting different behavior from your new neighbors. They will need to save for 10 or more years for that down payment of 20% due to competition from each other. The income required to live in these metro areas is much higher. The lower-middle class is pushed out. Upper-middle class folks who want to live below their means don't have the option to.
Fairness is the wrong metric; life in all societies is fundamentally unfair.
It is just nonsensical for you to expect other people who are chasing opportunity (those metros are where the best jobs are) to give up, when you chased that same opportunity when you moved where you currently live.
Because our economy is changing, this means it's harder, but don't knock people for trying.