3 ms·
This would be a good idea, if Tier 2 and Tier 3 cities weren't also "effectively full" (they aren't full, but their land is mostly all claimed by someone and un
by maxsilver 7y ago
This would be a good idea, if Tier 2 and Tier 3 cities weren't also "effectively full" (they aren't full, but their land is mostly all claimed by someone and unusable for human housing, so they are effectively 'full')
We have an affordability crisis in Michigan because average rents are now up into the $1600/month range in many areas. Once you adjust for income, a $1600/month rent in Michigan is an effectively identical expense to a $3200/month rent in SF/NYC.
When NYC / SF / other top-tier cities chew you up it's no big deal -- cash out and move to the Midwest. But what can someone do when a Midwest or other bottom-tier cities chews them up? They're stuck, there's nowhere cheaper to move that still has any jobs.