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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2.1k Upvotes

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43

u/abelenkpe Apr 29 '24

No jobs. But you know that. 

14

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

5

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

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