3 ms·

I think people/execs/etc, have shot themselves in the foot with housing. Sure a 200-500k salary sounds great, but in the markets where they exist, they don’t go

I think people/execs/etc, have shot themselves in the foot with housing. Sure a 200-500k salary sounds great, but in the markets where they exist, they don’t go super far on the essentials. You can eat great, you can buy a fancy car, but housing? I personally peg all my shit to housing. It’s not only the fact that the crappy SFH that was 1M is now 4M, it’s that you have the property taxes it perpetuity of a 4M abode that’s honestly pretty mediocre. People will jump through all sorts of hoops for a better life/better things. But when those better things are so absurdly out of reach for even most people making 1%-er salaries, it discourages everyone. And “you can eventually move to the Midwest” isn’t really a sales point (I’ve been told this by multiple managers/directors).

apologia 4y ago
> And “you can eventually move to the Midwest” isn’t really a sales point (I’ve been told this by multiple managers/directors). Why is it not? I have a number of friends that have done this: work in SF, make (literal) millions of dollars over the course of ~10 years, move to the Midwest with their new/growing family — and a nest egg it might take ~30 years to accumulate anywhere else. They seem pretty happy about it.
- ckdarby 4y ago
  That has always been the recommended strategy I've seen being told. Most people get stuck in lifestyle creep while there and aren't able to properly save.
- lapcat 4y ago
  Wasn't this predicated largely on rising stock prices rather than salary? But the stock prices have stopped rising.
- uejfiweun 4y ago
  Eh, the problem is who the fuck wants to move to the midwest? That’s such a shitty consolation prize.