Quote:
Originally posted by Porsche-O-Phile
That's great, but it's all relative. An $80,000 mortgage is just as daunting for people that have a hard time finding a job that'll net them $20k a year (because the economy sucks in that area) as it is for a half-million dollar mortgage here in SoCal for people that net $100k a year.
Location, location, location. . . There's a reason.
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You're assuming that 6 figure salaries aren't available in many of these locations... but they are! Back during the 'high tech' craze of the 90s, someone was bragging to me about the big $ contract they had just landed in CA...I didn't have the heart to tell them that it would have been a pay cut
. IMO, it's NOT relative... housing is affordable, just NOT in CA for most.