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> You literally said “the prices were through the roof”, not the growth. Maybe english is not your first language but when something is "through the roof" it m
by mbesto 5y ago
> You literally said “the prices were through the roof”, not the growth.
Maybe english is not your first language but when something is "through the roof" it means it raises at a very rapid rate. In other words, speaking to the velocity, not the overall speed.
> Yes something that is really cheap can experience rapid price growth and still be relatively cheap.
You're being overly pedantic about this for no reason. Put this into the context of the discussion. Yes, moving from San Francisco, CA to Wichita, KS will mean your cost of living will drastically decrease. The discussion is about whether there are jobs in Wichita. People will naturally migrate where jobs are and a rapid growth in housing costs (i.e. demand outpaces supply) means people are staying where the jobs are.
Again this has been all talked about in the daily news cycle. Covid has allowed a significant portion of the population to virtually live wherever they want. Thus people are moving from large cities and suburbs to more rural locations. Thus jobs are opening up in these areas (think Wichita) because both remote workers are moving there and then local markets that can't be remote (think retail) will grow as a result.
- seanmcdirmid 5y ago> Maybe english is not your first language but when something is "through the roof" it means it raises at a very rapid rate. English is my first language, but I get your meaning now. It wasn't that Kansas property was expensive, just that it went from very very cheap to just very cheap very quickly.
- mbesto 5y agoFair. But "cheap" is relative. Most people who don't work in tech that would from <insert big city here> to <insert small city here> are going to get wages relative to their living cost. So "very cheap" isn't really a thing anymore.