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Housing is inherently local. You can't aggregate over multiple commute sheds and have your conclusion mean anything.
by closeparen 6y ago
Housing is inherently local. You can't aggregate over multiple commute sheds and have your conclusion mean anything.
- Pfhreak 6y agoIs there some way to look at $700,000 and not think, "Holy shit that's a life changing amount of money for nearly any American."?
- stadium 6y agoFOMO is the biggest reason I find not to sell and rent for a while. If I want to buy again in a few years, there is no way to know if the equivalent house would be out of my price range. And I can't think of too many places I would feel safe investing that amount of money given current asset price inflation. Becoming a landlord while renting out something new may be a good option though. Or moving to a low cost of living area.
- deleted 6y ago[deleted]
- closeparen 6y agoLife-changing would be living in nicer arrangements, consuming more stuff, doing less work, being more secure. That’s not what’s going on here.