3 ms·

The places with cheaper housing also tend to suffer from a dearth of employment options. There are probably a few mid-sized cities out there that have both chea

The places with cheaper housing also tend to suffer from a dearth of employment options. There are probably a few mid-sized cities out there that have both cheap housing and decently-paid jobs, but I imagine they are few and far between. I don't know how legitimate this source is, but > ATTOM points out that home prices are climbing faster than wages in 80% of U.S. markets. In fact, median home prices increased at a faster pace than average weekly wages in 601 of the 755 counties analyzed in its report. https://www.housingwire.com/articles/47878-home-prices-are-rising-faster-than-wages-in-80-of-us-markets https://www.housingwire.com/articles/47878-home-prices-are-r...

JoeAltmaier 8y ago
They are pretty common. Kansas City. St. Louis. Des Moines. Dayton. And that's just the Midwest. You don't need a great job market; you just need the one job. Works for some people.
- lotsofpulp 8y ago
  With the market changing quicker than ever before due to various structural changes such as new technologies, consolidation of employers, and globalization, I would not recommend having one, or even just a handful of buyers for what you're selling. This applies to businesses and individuals. I would demand a premium for being in a market where there are fewer buyers and I am subject to more risk of losing my income.
  - deleted 8y ago
    [deleted]
- collyw 8y ago
  In Europe house prices seem fairly tied to employment opportunities. Certainly if you are working in It.
  - malvosenior 8y ago
    Is that true? I know real estate is incredibly expensive in places like London/Paris and most people cannot afford to own homes there based on their working salary (which is usually much lower than the US equivalent).
- goobynight 8y ago
  Works for a lot of people, especially if they fall into fairly standard, but good service gigs. e.g. vehicle repair, home repair, cutting hair, or working a local pub. Even better if you show up with a pile of cash from a former career.
greedo 8y ago
I live in a midwest college town. Unemployment here is extremely low, has been for decades. Housing costs are relatively low as well. I live in a house that in the Seattle area would be over $1M. I paid 20% of that. There are multiple startups for tech here, as well as government jobs, college related jobs, and other industries. So there's no dearth of employment options. If something were to happen, I can commute an hour to a city with a population of 1M.

JoeAltmaier 8y ago

They are pretty common. Kansas City. St. Louis. Des Moines. Dayton. And that's just the Midwest. You don't need a great job market; you just need the one job. Works for some people.

lotsofpulp 8y ago
With the market changing quicker than ever before due to various structural changes such as new technologies, consolidation of employers, and globalization, I would not recommend having one, or even just a handful of buyers for what you're selling. This applies to businesses and individuals. I would demand a premium for being in a market where there are fewer buyers and I am subject to more risk of losing my income.
- deleted 8y ago
  [deleted]
collyw 8y ago
In Europe house prices seem fairly tied to employment opportunities. Certainly if you are working in It.
- malvosenior 8y ago
  Is that true? I know real estate is incredibly expensive in places like London/Paris and most people cannot afford to own homes there based on their working salary (which is usually much lower than the US equivalent).
goobynight 8y ago
Works for a lot of people, especially if they fall into fairly standard, but good service gigs. e.g. vehicle repair, home repair, cutting hair, or working a local pub. Even better if you show up with a pile of cash from a former career.

greedo 8y ago

I live in a midwest college town. Unemployment here is extremely low, has been for decades. Housing costs are relatively low as well. I live in a house that in the Seattle area would be over $1M. I paid 20% of that. There are multiple startups for tech here, as well as government jobs, college related jobs, and other industries. So there's no dearth of employment options. If something were to happen, I can commute an hour to a city with a population of 1M.