4 ms·
There's no hoarding or saving. The wage/rent ratio is insanely skewed. This isn't a 'be smart' situation it's a 'something has to change before the bottom falls
by truckerbill 3y ago
There's no hoarding or saving. The wage/rent ratio is insanely skewed. This isn't a 'be smart' situation it's a 'something has to change before the bottom falls out' situation.
- Dig1t 3y agoI did this in the Bay Area (one of the most expensive areas in the world to live). I lived with 5 roommates in a house. It wasn't the most comfortable, but it wasn't horrible either. The fact that there were 5 of us in one house meant we got the rent down to a very reasonable amount. I lived like this for many years and was able to save enough to buy a house for cash in a cheaper state. Anyone can do this same strategy, it works well. Maybe they won't earn enough to buy an _entire_ house somewhere else, but they can earn enough to afford a large portion of one. Aiming for a world where anyone can live wherever they want for peanuts is just not a realistic concept. Even when you build densely like in New York City, there will always be droves of people competing for the space in whatever system you build.