3 ms·
This is only true to some degree though. People can (and do) move to other areas of the country when cost of living becomes too expensive. They buy land and bui
by jupp0r 2y ago
This is only true to some degree though. People can (and do) move to other areas of the country when cost of living becomes too expensive. They buy land and build on it themselves. It's not like there is a fixed housing stock and a fixed set of players has control over it (although it can be close to that in specific geographic areas, ie cities).
- bobthepanda 2y agothis has become less of an option though because pretty much all semi-decent job markets are really frothy now. one could theoretically maybe move to the barren wilderness of Nevada or Alaska or somewhere else desolate but given the lack of services, job, etc. it's not very practical. WFH didn't really lower home prices in the Bay, but it did make a bunch of attractive rural towns really expensive.
- deleted 2y ago[deleted]