4 ms·

A typical home in Wyoming or Iowa, yes. In bay area, LA and nearly all metros where >80% of people live, no.

jabroni_salad 3y ago
Tyranny of averages... You can buy a home on way less than that here in Iowa. If you're renting here it's because you're planning on moving sooner rather than later. DSM is pretty affordable but I'm 2 hours out and it's even better. Maybe that figure would make sense in MPLS.
- bugglebeetle 3y ago
  And if you lose the one tech job available in Iowa, how do you pay for your house?
  - AnimalMuppet 3y ago
    If you lose your job, then you look around, and you discover that there is in fact more than one tech job available in Iowa. I'm not sure why you're fear mongering, but stop.
    - bugglebeetle 3y ago
      I’ve just had a lot of friends who got sold the bill of goods of “move out to [insert Midwestern state] it’s so much cheaper and everyone is nice” only to get trapped in toxic, underpaying workplaces with nowhere to go. The ones that have families tend to just suffer through it and the ones that don’t end up back in big metros within a few years. And before you think I’m some coastal elitist, I was born and raised in unincorporated farm country. I just also know the realities of the job market.
  - jabroni_salad 3y ago
    tech-company tech-jobs sure. Iowa has an outsized financial sector and they all use computers. Lots of opportunity if you are willing to do some client serving as well, all my clients are complaining about how scarce labor is and im billing them dry in the meantime. If FIs decide they hate me I know enough JD Edwards to consult in that realm instead.
cvccvroomvroom 3y ago
To buy the home my grandparents bought in 1968 for $30k ($265k in 2023) in San Jose, CA would require an income of about $12k then ($90k in 2023). Today, with a value of $2.2m, that would require an income of about $800k. Primarily, the only buyers in this hyperlocal market are rich people who move money from overseas because locals cannot afford it. Occasionally, there are the lucky few who survived and exited a startup or inherited wealth dot the landscape.

Tyranny of averages... You can buy a home on way less than that here in Iowa. If you're renting here it's because you're planning on moving sooner rather than later. DSM is pretty affordable but I'm 2 hours out and it's even better. Maybe that figure would make sense in MPLS.

bugglebeetle 3y ago
And if you lose the one tech job available in Iowa, how do you pay for your house?
- AnimalMuppet 3y ago
  If you lose your job, then you look around, and you discover that there is in fact more than one tech job available in Iowa. I'm not sure why you're fear mongering, but stop.
  - bugglebeetle 3y ago
    I’ve just had a lot of friends who got sold the bill of goods of “move out to [insert Midwestern state] it’s so much cheaper and everyone is nice” only to get trapped in toxic, underpaying workplaces with nowhere to go. The ones that have families tend to just suffer through it and the ones that don’t end up back in big metros within a few years. And before you think I’m some coastal elitist, I was born and raised in unincorporated farm country. I just also know the realities of the job market.
- jabroni_salad 3y ago
  tech-company tech-jobs sure. Iowa has an outsized financial sector and they all use computers. Lots of opportunity if you are willing to do some client serving as well, all my clients are complaining about how scarce labor is and im billing them dry in the meantime. If FIs decide they hate me I know enough JD Edwards to consult in that realm instead.

cvccvroomvroom 3y ago

To buy the home my grandparents bought in 1968 for $30k ($265k in 2023) in San Jose, CA would require an income of about $12k then ($90k in 2023). Today, with a value of $2.2m, that would require an income of about $800k. Primarily, the only buyers in this hyperlocal market are rich people who move money from overseas because locals cannot afford it. Occasionally, there are the lucky few who survived and exited a startup or inherited wealth dot the landscape.