4 ms·

It's not about how much money you have, it's about what you do with it. Do you match your standard of living to those around you, or do you distort the environm

It's not about how much money you have, it's about what you do with it. Do you match your standard of living to those around you, or do you distort the environment to provide you with what you desire regardless of what those around you have? Do you isolate yourself except for your spending, or do you participate in the community in the ways expected of a local? Are you living there to live there, or are you living there for financial reasons? If your goal isn't to live like a colonial master, make sure your execution doesn't look like an attempt at colonialism. That principle should get you 99% of the way there.

dsfyu404ed 4y ago
This. People don't care that you're there. They care that you are making boutique $15 sandwich shop(s) a viable business where they were not previously causing rent to go up driving the burger joint they loved out of business or whatever. Ideally you've retire to Arizona or Florida or some other traditional retirement or tourism destination with an economy has had an influx of money for a long time and reached equilibrium. In lieu of that the next best thing is assimilating and living like the locals.
- cmh89 4y ago
  That's not really the problem. The big problem is that people who move from a HCOL to a less or low cost of living place are able to pay more for housing than people who live in the local economy. This doctor is a great example of it. He makes more than an Austin doctor, he probably is buying or renting at the top end of the market and driving up prices. I live in Portland, Oregon. Pretty much every who lives here has had a conversation with a Californian transplant who raves about how cheap the housing is, when most people will never dream of owning a home here.
  - dsfyu404ed 4y ago
    The housing is just one aspect. They do this the same thing to the entire economy.
    - cmh89 4y ago
      Can you give an example of this? I haven't personally experienced my everyday cost of living of going up due to other factors. The only thing I've really experienced is the price of real estate/rents causing businesses to charge more, but that's still fundamentally tied to housing/real estate. In regards to transplants moving to my area
      - dsfyu404ed 4y ago
        Say a bunch of rich people move in and want their lawns to be perfect and are willing to pay for the service. Your landscaper is going to up his rates for his normal services to reflect the fact that time spent doing those is time spent not mowing some rich guy's lawn.
        cmh89 4y ago
        You're just describing supply and demand. You've provided two hypotheticals that I've never seen borne out in reality. Rich people generally want to pay the least amount of money for lawn service like everyone else. Can you point to actual real life examples where something like lawn care became unaffordable due to rich transplants? There are 'rich' boutique services everywhere. You haven't established how selling a $15 sandwich somehow makes running a cheap burger joint untenable.
        midoridensha 4y ago
        There's only so much supply for lawn care, so some rich people moving in increases demand, raising prices. For the sandwich shop, there's only so much commercial real estate available, so $15 sandwich shops increase demand for real estate in that location, raising rents, and making the cheap burger joints either raise prices to pay rent, or go under to make room for more boutique restaurants.
        cmh89 4y ago
        >There's only so much supply for lawn care, so some rich people moving in increases demand, raising prices. Again, any real examples of this? Lawn care supply is not finite. As demand goes up, more people will enter that profession. >r the sandwich shop, there's only so much commercial real estate available, so $15 sandwich shops increase demand for real estate in that location, raising rents, and making the cheap burger joints either raise prices to pay rent, or go under to make room for more boutique restaurants. That's not really true. Cheaper food options are almost always more profitable than high-end places. The whole argument seems like nonsense that sounds like it might be true if you haven't thought about it very long.

dsfyu404ed 4y ago

This. People don't care that you're there. They care that you are making boutique $15 sandwich shop(s) a viable business where they were not previously causing rent to go up driving the burger joint they loved out of business or whatever. Ideally you've retire to Arizona or Florida or some other traditional retirement or tourism destination with an economy has had an influx of money for a long time and reached equilibrium. In lieu of that the next best thing is assimilating and living like the locals.

cmh89 4y ago
That's not really the problem. The big problem is that people who move from a HCOL to a less or low cost of living place are able to pay more for housing than people who live in the local economy. This doctor is a great example of it. He makes more than an Austin doctor, he probably is buying or renting at the top end of the market and driving up prices. I live in Portland, Oregon. Pretty much every who lives here has had a conversation with a Californian transplant who raves about how cheap the housing is, when most people will never dream of owning a home here.
- dsfyu404ed 4y ago
  The housing is just one aspect. They do this the same thing to the entire economy.
  - cmh89 4y ago
    Can you give an example of this? I haven't personally experienced my everyday cost of living of going up due to other factors. The only thing I've really experienced is the price of real estate/rents causing businesses to charge more, but that's still fundamentally tied to housing/real estate. In regards to transplants moving to my area
    - dsfyu404ed 4y ago
      Say a bunch of rich people move in and want their lawns to be perfect and are willing to pay for the service. Your landscaper is going to up his rates for his normal services to reflect the fact that time spent doing those is time spent not mowing some rich guy's lawn.
      - cmh89 4y ago
        You're just describing supply and demand. You've provided two hypotheticals that I've never seen borne out in reality. Rich people generally want to pay the least amount of money for lawn service like everyone else. Can you point to actual real life examples where something like lawn care became unaffordable due to rich transplants? There are 'rich' boutique services everywhere. You haven't established how selling a $15 sandwich somehow makes running a cheap burger joint untenable.
        midoridensha 4y ago
        There's only so much supply for lawn care, so some rich people moving in increases demand, raising prices. For the sandwich shop, there's only so much commercial real estate available, so $15 sandwich shops increase demand for real estate in that location, raising rents, and making the cheap burger joints either raise prices to pay rent, or go under to make room for more boutique restaurants.
        cmh89 4y ago
        >There's only so much supply for lawn care, so some rich people moving in increases demand, raising prices. Again, any real examples of this? Lawn care supply is not finite. As demand goes up, more people will enter that profession. >r the sandwich shop, there's only so much commercial real estate available, so $15 sandwich shops increase demand for real estate in that location, raising rents, and making the cheap burger joints either raise prices to pay rent, or go under to make room for more boutique restaurants. That's not really true. Cheaper food options are almost always more profitable than high-end places. The whole argument seems like nonsense that sounds like it might be true if you haven't thought about it very long.