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Homebuyers need to earn 80% more than they did in 2020 to afford a home in today's market (finance.yahoo.com)

submitted 7 months ago by farcaster to c/economics

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[–] Furbag 8 points 7 months ago (1 children)

I would be fine with that arrangement if living in the city actually made economic sense. Yeah, if you really value that sort of lifestyle then you can't really put a pricetag on it, but the pragmatist in me sees a studio apartment in the city going for as much as a mortgage on a modest new house in the suburbs and I just can't justify paying more and getting less out of it.

Even the suburbs now are unaffordable. Everybody is getting pushed further and further out from job centers and the commutes are hellish. I'll never understand why there's such a push for return to office from big tech companies when what we need more than ever is more freedom to relocate and work from home if possible.

[–] RaoulDook 4 points 7 months ago

You're absolutely right, I'm here to tell you from experience. Land and homes are still cheap in many rural areas, and you can get good Internet connections in many such places. WFH in low cost of living area is the best way to win against today's economy.