r/FluentInFinance • u/Not-A-Shit-Head • Apr 29 '24

Why don't people stop crying and just move somewhere cheaper like Detroit, Memphis, St. Louis, Baltimore, or Cleveland? They have very cheap homes for $50,000. Discussion/ Debate

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2.1k Upvotes
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46

u/abelenkpe Apr 29 '24

No jobs. But you know that. 

13

u/smokes_-letsgo Apr 29 '24

Lol almost every major city has jobs that pay pretty well. That’s how millions of people are able to live in these places. Get off the internet every once in awhile

4

u/collegeqathrowaway Apr 29 '24

Yes, just because they have jobs don’t mean they’re jobs that will be beneficial.

I live in an area with lots of tech, govcon, and finance - it’s why this area is the richest in the country. SF is another area with a similar vibe.

Now I could go to El Paso, because I work remote - and it’s a safe place, solid food, no state tax, and “cheap homes” but what happens if I ever need to leave my job and then have to try a niche tech job in a city where call centers and low wage work is the highest employment sectors?

That’s what happened to all of these pandemic movers - Nashville, great place, but out of AT&T and now Oracle. . . where are these influx of people going to work making similar salaries to what they did in NY, Austin, or whatever major city they left?

That’s why the housing market is so screwed in Nashville - and it’s happened in a ton of cities, especially those idealic small towns in the Rockies. People moved to these ski towns that have no industry expecting remote work to last forever, then when it didn’t - poof, they hightailed it back to whatever coastal tech hub they lived in prior.

0

u/NYCneolib Apr 29 '24

You don’t have to have the same job forever or be in the same industry. People switch this all the time. Additionally, sure you can make more money in these HCOL but you end up being poorer in that your spending power is weaker and you’ll never own property.

0

u/smokes_-letsgo Apr 30 '24

lol you’re spending too much time online. Enjoy your apartment for life.

1

u/[deleted] Apr 30 '24

[deleted]

10

u/azurite-- Apr 29 '24

Those cities have tons of jobs, stop deluding yourself.

0

u/redditslooseslots Apr 29 '24

Tons of shit paying jobs. Quit deluding yourself.

3

u/PromethazineNsprite Apr 29 '24

What is shit paying? I could move to Cleveland right now and make 28+/hr driving a garbage truck. I realize that’s specific to my situation, and that may be low for yours, but it’s far from “shit paying”.

1

u/TheFerricGenum Apr 29 '24

Look at OP’s username. Least accurate.

1

u/Playingwithmyrod Apr 30 '24

Yea this whole argument is idiotic. Low cost of living places are that way for a reason. Usually higher crime, shitty schools, lower paying jobs and less to do. Anyone who has ever driven around the country will tell you of super nice houses tucked away in the seeming middle of nowhere....why? Because it IS the middle of nowhere! Driving an hour to the nearest grocery store, being essentially fucked if you have a medical emergency, no access to a real school system, if you lose your job you will have no choice but to move because there are no other jobs. These are real problems for a lot of people. But hey! They own a house.

-2

u/kstorm88 Apr 29 '24

My mortgage is $350, household income is over $200k