News for hackers. Stuff that matters.

A comment on Housing Can’t Be Both Affordable and a Good Investment (2018). Parent comment

Re:Housing Can’t Be Both Affordable and a Good Investment (2... by dsfyu404ed on Thursday May 02, 2019 @06:12AM (#19806318)
I'd wager that many more people are moving to the cities that have housing problems for the jobs than because they genuinely want to live there.
[ Parent | on HN ]
Re:Housing Can’t Be Both Affordable and a Good Investment (2... by lotsofpulp on Thursday May 02, 2019 @06:40AM (#19806438)
It only matters where the people with money want to live, and in my experience they overwhelmingly choose to live in high cost of living cities. The rest have to follow, if they want high paying, upward mobility jobs.
[ Parent | on HN ]
Re:Housing Can’t Be Both Affordable and a Good Investment (2... by geezerjay on Thursday May 02, 2019 @06:53AM (#19806515)
> [people with money] overwhelmingly choose to live in high cost of living cities.

You're confounding your observations. People with money choose to live in areas that maximize their quality of life, and they don't mind paying a premium for that.

Quality of life matters to all, whether rich or poor. Poor people aren't masochists.

[ Parent | on HN ]
Re:Housing Can’t Be Both Affordable and a Good Investment (2... by thedaemon on Thursday May 02, 2019 @10:22AM (#19808176)
You keep thinking people move places and then find jobs. This is not correct in the USA. Also, the quality of life is not higher in these expensive cities.
[ Parent | on HN ]