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When you're born into a HCOL area, and all your friends and family are in a HCOL area, it's not exactly such an easy thing to just move out to some random cheap
by uejfiweun 5y ago
When you're born into a HCOL area, and all your friends and family are in a HCOL area, it's not exactly such an easy thing to just move out to some random cheaper place. For one, I don't even know where to look, there are too many choices and too many of them are shitty places to live. And that's to say nothing of having to start a brand new social life from scratch.
- ghaff 5y ago>And that's to say nothing of having to start a brand new social life from scratch. Many of those who moved to that HCOL area did likewise--which probably contributes to it being a HCOL. Not saying it's trivial but many people in the US move for all sorts of reasons including people who strictly speaking weren't "forced" to.
- maerF0x0 5y agoI cant think of a single market where lower percentile items are also high percentile quality[1]. Why should places to live be any different? [1]: and when there is such a case people often play arbitrage or other economic games to close the gap quickly.