The point of the example is you could own a nice 4bd 3ba in the Dallas area for $300-400k. But say you work in software and your career has plateaued. It’s tem

The point of the example is you could own a nice 4bd 3ba in the Dallas area for $300-400k. But say you work in software and your career has plateaued. It’s tempting to move to SF because there are so many great jobs. But you cash out your $60k of equity or whatever in Dallas and go look for housing in SF.... well, you’ll have to accept a significant lifestyle change and switch to renting. There are a lot of people who feel tied down by that deal and so don’t move even though it might be better long term to be climbing the ladder at a major company than to be maxed out in the best available local job you can get.