Re:Sculpture of Housing Prices Ripping San Francisco Apart
by JauntTrooper on Friday July 22, 2016 @03:58PM
(#12146334)
Switching costs to move cities is quite high.
Even if you find a new job and an affordable place to live -- not that easy to do -- you're going to have to pay a lot of out of pocket expenses (i.e. rental deposit, moving/packing expenses), which is really tough when 47% of American's are so cash strapped they can't afford to pay for a $400 emergency. [0]
It also has a high social and emotional strain. You'd be leaving all your family, friends, and cultural identify you've built up in a city. Plus if you're in a relationship or have a family, your partner would need to find work too, and your children would have to leave school/their social circles.
It's a really disruptive life change, and though sometimes it can help improve someone's financial situation, it's a tough thing to expect of thousands of people. I can't blame them if choose to keep struggling to get by in their hometown.
Even if you find a new job and an affordable place to live -- not that easy to do -- you're going to have to pay a lot of out of pocket expenses (i.e. rental deposit, moving/packing expenses), which is really tough when 47% of American's are so cash strapped they can't afford to pay for a $400 emergency. [0]
It also has a high social and emotional strain. You'd be leaving all your family, friends, and cultural identify you've built up in a city. Plus if you're in a relationship or have a family, your partner would need to find work too, and your children would have to leave school/their social circles.
It's a really disruptive life change, and though sometimes it can help improve someone's financial situation, it's a tough thing to expect of thousands of people. I can't blame them if choose to keep struggling to get by in their hometown.
[0] http://www.theatlantic.com/magazine/archive/2016/05/my-secre...