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Probably also doesn't help that to many people want/need to live in the same few areas. If you could take your office job (which in most cases would work perfec
by mrweasel 4mo ago
Probably also doesn't help that to many people want/need to live in the same few areas. If you could take your office job (which in most cases would work perfectly fine) and move to a less popular area, 30% might be rather high.
- ghaff 4mo agoThat's the thing or at least one thing. These discussions aren't about most small towns and cities in the Midwest. They're about prime areas on the coasts for the most part. Heck where I live about an hour west of Boston/Cambridge is a lot cheaper than the metro itself for the most part.
- TimorousBestie 4mo agoHousing prices in the Midwest have also inflated greatly.
- NDlurker 4mo agoI'm paying 28% of my net income for rent and utilities on a one bedroom apartment. I could find a cheaper place too and it would be just as nice, just not in as desirable part of town. Not sure I'll ever be able to afford a house though.
- ajmurmann 4mo agoWell, it doesn't help but that's where the money is and as a society we should want people to move where they are most productive. Geoffrey West shows in Scale that social outcomes like GDP, patents, etc. but also crime grow with a factor of 1.15 while infrastructure needs like pipes, wires, heating cost, gas stations, etc only shake with a factor of 0.85. So it should be highly desirable to have larger, denser cities. Unfortunately, it seems that once the boomers had stepped into adult hood and bought there first homes, we decided that cities are complete now and existing neighborhoods shall not change anymore.