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> "Americans are moving far less often than in the past, and when they do migrate it is typically no longer from places with low wages to places with higher wag
by robotcookies 13y ago
> "Americans are moving far less often than in the past, and when they do migrate it is typically no longer from places with low wages to places with higher wages"
Might have something to do with the aging population and baby boomers retiring. When you stop working, you no longer need to migrate to where the jobs are. Surprised the article didn't mention this.
- bane 13y agoHousing prices are still recovering from the crash as well. Lots of people are still underwater and/or their home would sell at a loss compared to 7-8 years ago. Moving means taking accepting that loss.
- mfringel 13y agoExactly. Being underwater on a house means not being able to pull up sticks and just move. Strategic default might get you clear of the house, but your credit rating (and therefore your ability to rent) will be trashed.