Re:Vancouver house prices are falling
by mahyarm on Saturday February 04, 2017 @07:29PM
(#13570005)
People often downgrade their housing type before they start paying more for housing if they can. Ex: Live with room mates, live in a studio vs a 1 or 2 bedroom with their partner, etc.
[ Parent
| on HN ]
Re:Vancouver house prices are falling
by closeparen on Saturday February 04, 2017 @07:53PM
(#13570103)
Precisely. The downgraded housing options that tech workers accept, i.e. roommates, tiny studios, bad neighborhoods, poor maintenance, long commutes, etc. are hallmarks of poverty in the rest of the country.
In Milwaukee, a 20th percentile household still has a car and a commute below 30 minutes [0].
Here, even six-figure professionals can't afford such things, so life is nearly impossible for the genuinely poor.