> And that will work fine for 1 person or 10 people but not 100 people or the 1000 in that rent controlled building in NYC, because you don't have a Manhattan's worth of jobs for working people in some suburb in New Jersey. Sure, some people can afford the car, the insurance, the gas, the parking, the hours a day commuting, but for those that can't, they end up on the street.
You’ve got it backwards. There’s not enough jobs in Manhattan for all the people who want to live there. The unemployment rate in NYC this time two years ago (before pandemic) was 4.2%. In Iowa it was 2.7%. In December 2020 NYC unemployment was over 11%. In the rest of NY it was 5.9%. In Iowa it was 3.1%.
Cities like NYC are a Mecca for yuppie jobs. For the most part, they are shitty places for normal people to find work.
> In some areas, like in CA, you really don't save very much at all going out to the suburbs.
That’s because California is the epicenter of bad ideas about housing policy: https://www.latimes.com/opinion/op-ed/la-oe-broughel-hamilto.... I live an hour outside DC and you can buy a 3BR family home for 3x median family income in the county. In CA it’s like 7-8x even in the suburbs.
You’ve got it backwards. There’s not enough jobs in Manhattan for all the people who want to live there. The unemployment rate in NYC this time two years ago (before pandemic) was 4.2%. In Iowa it was 2.7%. In December 2020 NYC unemployment was over 11%. In the rest of NY it was 5.9%. In Iowa it was 3.1%.
Cities like NYC are a Mecca for yuppie jobs. For the most part, they are shitty places for normal people to find work.
> In some areas, like in CA, you really don't save very much at all going out to the suburbs.
That’s because California is the epicenter of bad ideas about housing policy: https://www.latimes.com/opinion/op-ed/la-oe-broughel-hamilto.... I live an hour outside DC and you can buy a 3BR family home for 3x median family income in the county. In CA it’s like 7-8x even in the suburbs.