Re:How Many Years of Life Does That House Cost?
by vecinu on Saturday September 09, 2017 @01:03AM
(#15205639)
I'm not sure how true this is. My coworkers mention that during the 2007/2008 recession in SF they saw all of their coworkers/friends laid off and leave the Bay Area.
It took one of my coworkers a whole year to find another job during that period, even though he was in a high CoL area and initially had a "great selection" of jobs.
Re:How Many Years of Life Does That House Cost?
by rconti on Saturday September 09, 2017 @02:55AM
(#15205877)
I don't know a single person that lost a job in 2007/2008. Everyone just hunkered down. Stopped job hunting, employers stopped hiring, everyone just stayed quiet.
Now, I know my anecdote doesn't mean much, because supposedly unemployment went up. Traffic certainly got better. But my point is, the anecdotes aren't worth a ton. I'm not making mine up -- I'm dead serious. Nobody I know got laid off, nobody I know left the area.
I also know far more people who have moved TO California than out of it, and the only people I know who moved out were a couple of people in the past 3 years.
Re:How Many Years of Life Does That House Cost?
by austincheney on Friday September 08, 2017 @06:56PM
(#15204555)
The best bet for low risk, high employment, and CoL - https://en.wikipedia.org/wiki/Plano%2C_Texas#Economy
It costs much more than where I live, but it is still incredibly cheap compared to west coast.
If there is a recession can you easily find another job? Do you have a decent selection of local employers to ensure sufficient competition in terms of wages and benefits? Etc.
Living in a high CoL area seems to correlate with a healthier job market.