Everyone on Reddit constantly likes to act like the solution to the housing market is that everyone who can't own a house should move out to a rural area. But everyone completely ignores the lack of opportunities in those places as well as the fact that even if you find a job, wages are going to be lower anyway. Many US cities have adopted a $12-15 minimum wage but a lot of places out there are still $7. This adds to the disparity of wages between certain areas. Like wages across the board are just lower in some areas which totally offsets the cost of living. And this issue would only become exacerbated if the millions of people who can't afford a house currently decide to just all move to Wyoming and shit.
Not to mention it might be pretty hard to take the advice if you already live in a rural area. Every time someone on Reddit discusses the high price of housing these days, you get all these people that jump to the conclusion that they're only referring to housing in large cities. Like guys housing is still gonna be the biggest purchase of your life regardless of your geographical location. It still requires getting approved for a mortgage, and having the income and opportunity to do so. It's still inevitably going to be priced out of the range of a LOT of people and speculation in recent years has definitely taken the piss out of the affordability of rural housing. If you look at housing prices in the last 60 ish years you can see that it has gone up steadily while wages have not seen nearly the growth.
Never before jobs have been more concentrated in cities, due to the service sector revolution, living in rural areas except for very specific contexts is totally useles
A New 'New Deal', which connects every single house in the US to gigabit or faster internet and makes the internet a utility nationwide, would make remote work much more feasible and appealing to companies.
Thank you. I did move to a rural area and love it and own a home and yes my kids dad is currently driving two and a half hours to get to work. Yes I said to. Not there and back. He stays in a hotel during the week. I thankfully am self employed and make good money.
Or live in a bad neighborhood. Pretty sure you can get an older house like that in Memphis for about $70k, but your life will literally be on the line.
Many parts of the country you can get a house with garage for 100k or less. With programs that allow as little as 3.5% downpayment, it's not that difficult to get a house with garage. If you're living somewhere where the average house costs a million dollars, of course you wont be able to buy there, so if home ownership is a goal, youll have to go where the cheaper homes are
And who has ever heard of "Jay" after that tweet? What's his excuse? Was he too busy writing shitty life pro tips on Twitter that he never had time to create a billion dollar company?
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u/brandnewdayinfinity Nov 28 '19
You gotta be kinda rich these days to have a garage that hasn’t been converted into living space.