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It might be as simple as the regional options that middle-American households can afford have decreased. For example, in 1990, the median home price in Californ
by 11thEarlOfMar 2y ago
It might be as simple as the regional options that middle-American households can afford have decreased. For example, in 1990, the median home price in California was 10x the median household income in West Virginia. Today, the gap has increased to 16x. Meaning that even fewer West Virginian households can include California as an option to move to as 25 years ago.
- QuarterReptile 2y agoThese people you propose are renters, not buyers. I don't entirely discount the impact of CoL differences (moving to California is pretty annoying from that perspective, and I've done it twice), but it's not the barrier you're suggesting.