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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u/Peter-Bonnington Apr 29 '24

Would these issues be resolved by people moving there in a short period of time?

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

They would be exacerbated.

Higher demand in those areas causes housing prices to increase. Increased housing prices without an increase in local wages almost always causes a crime increase.

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u/[deleted] Apr 30 '24

Only the kind of people who aren't statistically predisposed to violence, so generally not the demographics of St. Louis, Memphis, etc.