4 ms·

Home ownership isn't realistic in every market, especially ones in which there's such huge demand. The easy answer to this is living somewhere with low real est

Home ownership isn't realistic in every market, especially ones in which there's such huge demand. The easy answer to this is living somewhere with low real estate costs (e.g. the Midwest US) instead of massively over-saturated markets.

romwell 8y ago
Sure, the easy answer is to save up a few grand (when you don't have money to begin with) to move into an area where there are job little opportunities. That's easy, even easier if you have a partner or a family. The #1 reason why in-demand markets are that way is jobs. Moving out of these areas is not an easy answer.
- deadmetheny 8y ago
  There's plenty of opportunities around that pay enough to afford real estate. They won't be as sexy, pay as well as the coasts (the lower COL helps to offset this), or likely to be working on cutting edge problems, so if you're looking for that kind of work you're not gonna have much luck. To say there's nothing anywhere outside of major cities at all is misinformed.
zaccus 8y ago
Places with low real estate costs tend to have fewer and lower-paying jobs. Part of me would love to move back to KY where I'm from, but where would I work? That's the reason I left in the first place, no good jobs.
- souprock 8y ago
  The places that pop into mind are Lexmark, Big Ass Fans, Lockheed Martin, General Dynamics, and Johnson Controls. There are lots of smallish places doing factory automation, particularly near the Toyota factory. Salary seldom keeps up with real estate costs. The real estate cost difference can be a factor of 10, but you won't see that difference for salary. Lots of low-cost areas will specialize in an industry. You shouldn't expect to pick a random low-cost area and find the industry you want, but the industry you want is probably in at least one low-cost area. Find that area, move there, and do well in life.
Domenic_S 8y ago
A nice middle ground is living in commute distance to work. There are lots of way more affordable options in the SFBA -- Morgan Hill/Gilroy south, Petaluma/Santa Rosa north, Pleasant Hill/Antioch/Pittsburgh east. Get a cheap used EV and take the HOV lane, or ride bart/caltrain.
- masonic 8y ago
  Or look for a vanpool or carpool.

romwell 8y ago

Sure, the easy answer is to save up a few grand (when you don't have money to begin with) to move into an area where there are job little opportunities. That's easy, even easier if you have a partner or a family. The #1 reason why in-demand markets are that way is jobs. Moving out of these areas is not an easy answer.

deadmetheny 8y ago
There's plenty of opportunities around that pay enough to afford real estate. They won't be as sexy, pay as well as the coasts (the lower COL helps to offset this), or likely to be working on cutting edge problems, so if you're looking for that kind of work you're not gonna have much luck. To say there's nothing anywhere outside of major cities at all is misinformed.

zaccus 8y ago

Places with low real estate costs tend to have fewer and lower-paying jobs. Part of me would love to move back to KY where I'm from, but where would I work? That's the reason I left in the first place, no good jobs.

souprock 8y ago
The places that pop into mind are Lexmark, Big Ass Fans, Lockheed Martin, General Dynamics, and Johnson Controls. There are lots of smallish places doing factory automation, particularly near the Toyota factory. Salary seldom keeps up with real estate costs. The real estate cost difference can be a factor of 10, but you won't see that difference for salary. Lots of low-cost areas will specialize in an industry. You shouldn't expect to pick a random low-cost area and find the industry you want, but the industry you want is probably in at least one low-cost area. Find that area, move there, and do well in life.

Domenic_S 8y ago

A nice middle ground is living in commute distance to work. There are lots of way more affordable options in the SFBA -- Morgan Hill/Gilroy south, Petaluma/Santa Rosa north, Pleasant Hill/Antioch/Pittsburgh east. Get a cheap used EV and take the HOV lane, or ride bart/caltrain.

masonic 8y ago
Or look for a vanpool or carpool.