4 ms·

> Land in places with jobs is scarce The part that I don't get is with the pandemic you heard about folks moving out of the major cities. With that said you wo

> Land in places with jobs is scarce The part that I don't get is with the pandemic you heard about folks moving out of the major cities. With that said you would think that prices in the cities would go down because there is more supply; however, looking at the numbers it seems quite the opposite. I heard of many folks my age (mid 20s) moving to "lifestyle cities", places like Miami, NYC, LA, etc. These people aren't coming there for work, rather they are just there for the lifestyle. I can't really feel bad for this group of people because they did it to themselves. No one is putting a gun to your head and telling you that you have to live in NYC, LA or Miami with some of the highest cost of living in the country. Don't move to a HCOL city and then bitch about the HCOL.

LesZedCB 4y ago
i don't think there's a high proportion of transplants complaining. rather, it's those that were already there and already struggling who have now found themselves in deep or deeper water.
skrtskrt 4y ago
LA was not really a HCOL city for much of its history. Also these cities could be much lower COL with better housing policies - that’s the point. It really does not have to be either or.
mywittyname 4y ago
NYC is an economic hub and there are many jobs that can only be done in or around NYC. Same goes for LA. Plus, both of these cities need regular people to run the services that a city relies on. Not to mention that generations of people have lived in NYC.
ProAm 4y ago
Housing prices is determined by a lot of factors. The most recent being the pandemic and institutional investors. But we are still reeling from the 2008/9 housing crash. Everyone that went bankrupt couldnt buy a house for 7 years after their insolvency. That caused rents to rise, but also slow home sales. Once those people could buy houses again did, but even those people took time save properly so the buying period was (2008 + 7 years) give or take 7 additional years. Which is where we are at now. Everyone that cannot buy a house right now has the ability to change their lifestyle drastically and save. Move and save. etc.... There is plenty of housing (and jobs) if people were willing to change their lives for what they want instead of forcing the land to bend to their will.

LesZedCB 4y ago

i don't think there's a high proportion of transplants complaining. rather, it's those that were already there and already struggling who have now found themselves in deep or deeper water.

skrtskrt 4y ago

LA was not really a HCOL city for much of its history. Also these cities could be much lower COL with better housing policies - that’s the point. It really does not have to be either or.

mywittyname 4y ago

NYC is an economic hub and there are many jobs that can only be done in or around NYC. Same goes for LA. Plus, both of these cities need regular people to run the services that a city relies on. Not to mention that generations of people have lived in NYC.

ProAm 4y ago

Housing prices is determined by a lot of factors. The most recent being the pandemic and institutional investors. But we are still reeling from the 2008/9 housing crash. Everyone that went bankrupt couldnt buy a house for 7 years after their insolvency. That caused rents to rise, but also slow home sales. Once those people could buy houses again did, but even those people took time save properly so the buying period was (2008 + 7 years) give or take 7 additional years. Which is where we are at now. Everyone that cannot buy a house right now has the ability to change their lifestyle drastically and save. Move and save. etc.... There is plenty of housing (and jobs) if people were willing to change their lives for what they want instead of forcing the land to bend to their will.