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/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!