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"in August, I bought a modest two-bedroom home in South Hadley, Massachusetts. Population: 17,500." "My living expenses here are ~$2k per month, which is close
by tristanperry 7y ago
"in August, I bought a modest two-bedroom home in South Hadley, Massachusetts. Population: 17,500."
"My living expenses here are ~$2k per month, which is close enough to the rate of return on my personal investments that I'm kind of at equilibrium."
- i.e. Michael moved to a much lower cost of living area.
- onion2k 7y agoIf that "I bought a house" is literal then he doesn't have rent or a mortgage to pay. That's a big chunk of most people's outgoings.
- mtlynch 7y agoYep, paid in cash, so there's no mortgage or rent.
- redisman 7y agoOutside of the super-star cities, housing is pretty affordable!
- onion2k 7y agoSure. Thankfully most people can afford their outgoings if they're sensible. It's still a lot easier if you don't have rent or a mortgage though. If you're trying to suggest houses are cheap enough that lots of people can afford to buy one outright then you're absolutely wrong regardless of where it is. Very, very few people manage that.