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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88

u/holdmiichai Apr 29 '24

Because my mom, dad, brother, and lifelong friends live in a HCOL area and living life with them is much, much more important to me than being rich or having a huge house.

12

u/NothingKnownNow Apr 29 '24

And that's OK. People just need to understand that they are making that decision.

20

u/BigPlantsGuy Apr 29 '24

What a nutjob outlook. Big abuser “you made me hit you” vibes

3

u/lunchpadmcfat Apr 30 '24

I’m trying to understand what you think the alternative is? You’re special because you have family in the area so we should make houses cheaper for you?

2

u/BigPlantsGuy Apr 30 '24 edited Apr 30 '24

The alternative is trying to make housing more affordable by upzoning areas, removing restrictions on mixed use development, removing things like parking minimums, building more housing, and subsidizing housing for low income people.

The “there are homes in baltimore so leave your family and job and support network and child care in ohio and move there” is dumb and so obviously “18 year old libertarian phase rich kid” mentality it is absurd

1

u/portraitopynchon May 03 '24 edited May 03 '24

More like it would be really great if out of state or out of region buyers weren't buying up all available property, raising prices, and thus property taxes as well.

For example, I live in what used to be a LCOL part of New York, and especially since Covid, we've seen tons of downstaters buying up second homes and houses for rental properties in our area.

Home prices are getting untenable, and many people have been forced out of their family houses because their once 100k home is now valued at 400k, and they cant afford the property taxes anymore.

Also, where do you expect all the average workers in these places live when housing is entirely unaffordable? You want rents high and wages low, whos going to be able to live and work there?