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Businesses have burnt job security to the waterline and demanded more mobility of workers. Meanwhile, they have concentrated jobs in high-cost-of-living cities
by logfromblammo 7y ago
Businesses have burnt job security to the waterline and demanded more mobility of workers. Meanwhile, they have concentrated jobs in high-cost-of-living cities while completely ignoring Rust Belt bargain prices. Incumbent NIMBYs have quashed higher-density housing construction. Nobody can confidently expect to stay in one place for the minimum 5 years it generally takes to break even on selling one's primary residence with a 30-year mortgage.
It's a perfect storm for living in a van down by the river--or at least renting for a long, long time.