5 ms·

$700,000 per unit? Or even $100k? For "affordable" housing? Meanwhile, in Mississippi.... regular brand new houses (not "affordable" housing) are actually affo

$700,000 per unit? Or even $100k? For "affordable" housing? Meanwhile, in Mississippi.... regular brand new houses (not "affordable" housing) are actually affordable at $150k, or less than a down payment in any west coast US city. https://www.zillow.com/ms/new-homes/ https://www.zillow.com/ms/new-homes/ Or check out a brand new 2200sq ft house in Indiana for $200,000 that would sell for about $2.5 million in the Bay Area, or about $1.5 million in Seattle or Portland https://www.zillow.com/community/harrison-lakes/2095745355_zpid/ https://www.zillow.com/community/harrison-lakes/2095745355_z... Sometimes I wonder why people aren't more willing to move to new states. I realize that Indiana and Mississippi aren't particularly "cool" and certainly not trendy, but what matters more in life? Being in a trendy spot, or actually being able to afford a reasonable lifestyle?

conanbatt 9y ago
There are houses way cheaper than those in Indiana in Costa Rica. Why arent people moving from Indiana to Costa rica??? I dont get it!
- notadoc 9y ago
  Why not Morocco, Bangladesh, or Bolivia? The price per square foot with the exact same materials, finishes, construction quality, etc - not including cost of land - is 1/5 or less in a state like IN, MS, WI, MN, etc than CA, WA, OR, why is that? These states are in the same country with the same first world amenities.
  - richardknop 9y ago
    But it is the same principle inside a big country like US which is really vast geographically. Look at Europe. Properties in Eastern Europe are still a lot cheaper yet most university educated young people are migrating from east to west. So obviously they value the economic and career opportunities in those big metros in Western Europe and even though flats there cost 2x or 3x they still go. Just because you can buy cheap house in Mississippi is not going to cause young doctors, engineers, lawyers, other professionals and graduates from top schools to start migrating there. It's just not worth it for them, they are looking at their long term career prospects and can do the math.
khuey 9y ago
Median income in the SFBA: $96,677 Median income in Mississippi: $36,919
- notadoc 9y ago
  Take a bay area income and telecommute from the south and you're really living large. But really, even at the much lower income levels of the south the money goes so much further.
  - khuey 9y ago
    Taking a bay area income and telecommuting from the south is not an option for the vast majority of residents of the bay area.
  - obscurantist 9y ago
    Not to mention much taxes, particularly the state income tax.
- beager 9y ago
  For sure, but the disparity between median income and home price in SFBA is much greater.
- seanmcdirmid 9y ago
  Then you would also have to live in Mississippi, and getting a job isn't as easy either (even making median) because the place isn't exactly overflowing with non-minimum wage opportunity. If it wasn't for my dad's skills as a nuclear technician, we would have never lived there (BTW, if you want cheap housing and high salaries, go into nuclear power, they mostly built nuclear power plants where no one wants to live).

conanbatt 9y ago

There are houses way cheaper than those in Indiana in Costa Rica. Why arent people moving from Indiana to Costa rica??? I dont get it!

notadoc 9y ago
Why not Morocco, Bangladesh, or Bolivia? The price per square foot with the exact same materials, finishes, construction quality, etc - not including cost of land - is 1/5 or less in a state like IN, MS, WI, MN, etc than CA, WA, OR, why is that? These states are in the same country with the same first world amenities.
- richardknop 9y ago
  But it is the same principle inside a big country like US which is really vast geographically. Look at Europe. Properties in Eastern Europe are still a lot cheaper yet most university educated young people are migrating from east to west. So obviously they value the economic and career opportunities in those big metros in Western Europe and even though flats there cost 2x or 3x they still go. Just because you can buy cheap house in Mississippi is not going to cause young doctors, engineers, lawyers, other professionals and graduates from top schools to start migrating there. It's just not worth it for them, they are looking at their long term career prospects and can do the math.

khuey 9y ago

Median income in the SFBA: $96,677 Median income in Mississippi: $36,919

notadoc 9y ago
Take a bay area income and telecommute from the south and you're really living large. But really, even at the much lower income levels of the south the money goes so much further.
- khuey 9y ago
  Taking a bay area income and telecommuting from the south is not an option for the vast majority of residents of the bay area.
- obscurantist 9y ago
  Not to mention much taxes, particularly the state income tax.
beager 9y ago
For sure, but the disparity between median income and home price in SFBA is much greater.
seanmcdirmid 9y ago
Then you would also have to live in Mississippi, and getting a job isn't as easy either (even making median) because the place isn't exactly overflowing with non-minimum wage opportunity. If it wasn't for my dad's skills as a nuclear technician, we would have never lived there (BTW, if you want cheap housing and high salaries, go into nuclear power, they mostly built nuclear power plants where no one wants to live).