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If you go far enough away from the nearest city that housing prices drop, median income drops as well. I'm not saying I'm surprised that housing in NYC is expen
by thomaslord 3y ago
If you go far enough away from the nearest city that housing prices drop, median income drops as well. I'm not saying I'm surprised that housing in NYC is expensive, but I live in the suburbs of Philadelphia (specifically in one of the cheaper areas that's still close enough to commute into the city) and housing is expensive here too.
- crooked-v 3y agoHousing is incredibly expensive everywhere in the US because every major metro area is short on housing [1]. It really doesn't matter where you go specifically because anywhere that people might want to live, for any reason, suffers from the spillover effect from all the people in high-population states who will never be able to afford homes there. [1] https://www.fanniemae.com/research-and-insights/perspectives/us-housing-shortage https://www.fanniemae.com/research-and-insights/perspectives... - take a look the linked report