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TopicNew York has fourth-highest household debt in US and it's getting worse
s0nicfan
09/23/22 12:05:50 PM
#3:


Questionmarktarius posted...
My cynicism-reflex tells me this is because of stubborn insistence to remain in rapidly-gentrifying high cost-of-living areas.

The slums are being obliterated, and this is what happens.

I definitely think we're entering an era where we collectively stop pretending that the only places to live are New York and the bay area, where people start seriously considering moving out into any number of states where cost of living is far lower. The last few years have showed us that a distributed workforce can work, so there's no longer a need to physically consolidate in one or two places.

We don't have a housing problem. We have a population distribution problem.

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