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Yes but in the "middle of nowhere" these houses are owned by the middle-of-nowhere gentry. Saying something that is 300k is not expensive shows a lack of perspe
by zwkrt 8y ago
Yes but in the "middle of nowhere" these houses are owned by the middle-of-nowhere gentry. Saying something that is 300k is not expensive shows a lack of perspective I see a lot in this corner of the internet. Growing up in a rural town, my friends parents rented an apartment multiple towns over because they couldn't afford to live in my town (pop. 5k, surrounded by corn fields). All the problems we think are unique to cities or that we think are more important because there is more money involved really aren't. Everyone has the same problems at different scales.
- notyourday 8y agoThe problem is that we have a class of intelligentsia such as the author of this piece who thinks she knows better how the rest should live. It is a typical elitist attitude. 300k is not an expensive house. It is 6x 50k/year salary, which is the current not really even stretching for mortgage. In NYC 5k square feet house would cost ~4M if it is in Brooklyn or Queens and it would be much worse than McMansion but I'm sure the OP would be thinking it is wonderful because it is located in NYC.
- cjhopman 8y agoThe fact that you don't even recognize that 50k/year is significantly higher than the median income in many of these places (e.g. 38k in much of Green Bay WI https://www.incomebyzipcode.com/wisconsin/54303 https://www.incomebyzipcode.com/wisconsin/54303) and the fact that you use 6x income when investopedia say that most people can only afford 2-2.5x (https://www.investopedia.com/articles/pf/05/030905.asp https://www.investopedia.com/articles/pf/05/030905.asp) their income shows just how completely out of touch you are.