4 ms·
There's the location choices you describe (city vs suburb vs middle of nowhere) and there's location choices around large city vs smaller city that's still sign
by throw_nbvc1234 4y ago
There's the location choices you describe (city vs suburb vs middle of nowhere) and there's location choices around large city vs smaller city that's still significantly larger then "a liquor store, some off brand shopping market, a burger joint, and a 20 year outdated public library". Especially if/when remote work and non-location based salaries become the norm.
I recently had a recruiter try to convince me to move back to the midwest by throwing numbers about how median housing prices were over $500k less in my hometown then where I am now on the west coast. I don't need a house with my lifestyle right now, but I'll probably just move back if/when that changes. I enjoy living in a west coast city but not at the cost of 500k-1mil additional housing costs for a smaller place with less land. I'd be just as content moving back and using some of that extra money to travel or fund a long-term sabbatical.
- base698 4y agoAssuming you don't own in a high cost of living area you may have waited too long. I live in one of the highest cost of living areas. My assumption was I'd end up moving and be able to buy with cash in a semi desirable area in a low cost medium size city. It is cheaper for sure, but it's not quite as I expected. Most of the desirable homes have doubled or tripled since 2020. They are still under a $1 million and usually have quite a bit more land, but most medium size cities have seen huge increases in housing costs and rent.