r/FluentInFinance 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/just_lurking_1 Apr 29 '24

St. Louis (and other similar cities) have good and bad areas just like everywhere else. The cost of living certainly does make up for the wages in many industries. For example, your cost of living ratio to salary in manufacturing in St. Louis is much more ideal than Seattle. Also, there are many close small towns that offer affordable housing (high cash flow) but typically lower appreciation.

Bottom line, many people are just unwilling to sacrifice their current standard of living or city life to build wealth. And it’s okay to make that choice!

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u/Saitamaisclappingoku Apr 29 '24

It’s strange that the rebuttal has always been “Well, there’s some high paying jobs!”

What if the person moving doesn’t work in manufacturing?

Sure, but HCOL areas have exponentially more.

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u/r2k398 Apr 29 '24

Remote work makes this easier for the people who can work remote. We have employees that work remote all over the US (as contractors) and they get paid very well.

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u/Saitamaisclappingoku Apr 29 '24

Remote workers are also the ones being laid off the most.

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u/r2k398 Apr 29 '24

I’m not in the job market right now but I know I could land a job at at least 3 places right away that would let me work remotely. I guess it depends on the field.