I know I’m probably feeding the troll here, but how is someone “entitled to live in an expensive area”? Like sure he could probably move to a cheaper city… but then they won’t have the same jobs getting the same salary. They are likely only making that much because of the area they currently live in. Sure there might be some variation from block to block or subdivision to subdivision, but in many areas in the country that isn’t enough for even the cheapest housing in the metro area.
Not to mention, that’s both of them working full time jobs. 15+ yrs ago, one salary should have been enough for a house. Now if they ever have a kid, they have to take the cost of child care into account and that’s not cheap. This leads to some of the drop in fertility we see in many places. It’s simply not financially possible.
I know I’m probably feeding the troll here, but how is someone “entitled to live in an expensive area”? Like sure he could probably move to a cheaper city… but then they won’t have the same jobs getting the same salary. They are likely only making that much because of the area they currently live in. Sure there might be some variation from block to block or subdivision to subdivision, but in many areas in the country that isn’t enough for even the cheapest housing in the metro area.
Not to mention, that’s both of them working full time jobs. 15+ yrs ago, one salary should have been enough for a house. Now if they ever have a kid, they have to take the cost of child care into account and that’s not cheap. This leads to some of the drop in fertility we see in many places. It’s simply not financially possible.
The difference in wages is not enough to make up for how much more expensive it is to live in a major city.
It’s why people are actually able to own their homes outside of major cities.
Okay, professor. What is the exact maximum people are allowed to earn and exist in high expense areas?