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During COVID, a lot of techies who could suddenly work from home ended up flooding smaller rural towns, and shot up the price of housing like 2-3x. It's a bit l
by solardev 3y ago
During COVID, a lot of techies who could suddenly work from home ended up flooding smaller rural towns, and shot up the price of housing like 2-3x. It's a bit late now, between the increased prices and the increased interest rates, and many devs can't afford to buy anymore... especially after the layoffs.
Like everything else in America, homeownership is increasingly a privilege reserved for the rich, and everyone else just rents if they're lucky or lives outta their car/van if they can't.
Best case, you work for a FAANG on a 6 or 7 figure salary and buy a house somewhere cheap. But that's pretty rare.
- jasonjmcghee 3y ago> 6 or 7 figure salary and buy a house somewhere cheap Huh? If you have a 7 figure salary in a single year you’ll have a down payment for a nice house in a lot of places, and in a few, one for a house in Palo Alto. If you don’t blow your salary you could easily save to buy a house outright in cheaper areas in a few years
- solardev 3y agoTrue! I was thinking more low-mid 6s.
- datascienced 3y agoSeems off. How many devs are there as % of population that moved to a rural area and purchased a house in 2020/21?
- solardev 3y agoFair question, and would be a fun GIS analysis sometime!