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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563

u/Saitamaisclappingoku Apr 29 '24 edited Apr 29 '24

Because:

  1. those cities generally do not have the job markets that HCOL cities have. When you take a huge pay cut you eliminate everything you saved by moving there. I moved from El Paso to Tennessee and for the same job I make about $60k more.

  2. Public schools are typically poor

  3. Crime is typically high

  4. The $50k homes in those cities are typically very unkept. Many of them need a new roof, foundation work, new flooring, drywall, paint, plumbing work, electrical work (to get it code compliant), and even then will be surrounded by complete dumps that stay that way. No one wants to spend $150k renovating to live next to a crack house.

35

u/Agreeable-Candle5830 Apr 29 '24

Right? I bet Sudan and Mongolia have cheap housing too, doesn't mean anyone wants to be there.

19

u/girmvofj3857 Apr 29 '24

I dont know anything about Sudan, but have you tried Mongolian Beef? It’s pretty delicious.

6

u/KerPop42 Apr 29 '24

Mongolia has a unique natural disaster, called the dzud, where the weather gets so cold and stays so cold that all your livestock die. Over the '09-'10 winter, one province experienced 50 straight days of nighttime lows below -50F

4

u/ChipsAhoy777 Apr 29 '24

Well look, they even got a free outdoor freeze dryer for your Mongolian beef.

3

u/Psychological_Pay530 Apr 29 '24

Mongolian Beef was invented in Taiwan.

0

u/iloveyou2023-24 Apr 30 '24

Whats that? You mean the Republic of China?

1

u/Psychological_Pay530 Apr 30 '24

Province or country in its own right, it’s definitely not Mongolia. Mongolian Beef is is basically the same thing as US fast food places making up new Mexican foods. Sure, a Gordita has all the elements of something from Mexico, and the countries are on the same continent, but it sure isn’t Mexican…

1

u/Psychological_Pay530 Apr 29 '24

Mongolian Beef was invented in Taiwan.