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Old 06-15-2007, 12:21 PM
 
Location: Houston, TX
1,712 posts, read 3,882,258 times
Reputation: 775

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Quote:
Originally Posted by crystalblue View Post
but for those that are just barely scraping by to make ends meet, doesnt that bother you? what do you do if something should go wrong?
It does bother me because I'm living in a city where the cost of living is ridiculous. I've been trying to move out of here for months... just gotta wait for the job market to cooperate a little.
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Old 06-15-2007, 01:18 PM
 
Location: Scottsdale, AZ
4,486 posts, read 15,296,093 times
Reputation: 3936
Well I guess I'm lucky, I bought before the boom and my house is now worth over double what it was when I bought it. I don't make 6 figures or have a huge bank account, I just bought at the right time.
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Old 06-15-2007, 01:32 PM
 
3,161 posts, read 8,102,519 times
Reputation: 2385
I like the area and I can afford it on the salaries my spouse and I earn. I don't really need any more reasons.
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Old 06-15-2007, 02:28 PM
 
Location: Chicagoland area
554 posts, read 2,281,231 times
Reputation: 523
It's just like asking some people why they wear designer clothes rather than regular clothes.

Why spend $72 on a Lacoste polo when you can get the same polo at JCPenney or somewhere (without the crocodile) for around something like $15?

The answer is personal preference, and personal finances. Some people might LIKE prefer to live in an affluent area. $730,000 may seem like a lot to one person, but pocket change to another.
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Old 06-15-2007, 02:49 PM
 
Location: Tampa
3,981 posts, read 9,435,965 times
Reputation: 1171
yes, but for most of the people living in those areas, it isnt pocket change...
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Old 06-15-2007, 02:59 PM
 
Location: Journey's End
10,189 posts, read 24,925,906 times
Reputation: 3840
Living in a city defined as expensive has the attributes tahiti lists. Everything comes at "some" price!

But don't fool yourself: in many towns/cities expenses are higher because of a smaller population; isolation; not on main roads; low turn over; and other economic factors.

I don't consider it too high a price to pay for the amenities important to me and the salary I might have earned was considerably higher than if I had worked in a less desirable town/city.

Quote:
Originally Posted by tahiti View Post
because cheap housing is the be-all, end-all of life?

how about: educated population, excellent schools, great amenities, family and friends close by, great job opportunities, higher salaries, diverse culture, great food, 4 seasons.

many people survive in these areas without living beyond their means and not making $200K a year. i think the 2 states with the highest rates of foreclosure are Nevada and Colorado. Cali and CT are in the top 10, but so are GA, FL ,AZ, IL, and MI - "cheaper" states.
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Old 06-15-2007, 03:04 PM
 
Location: In exile, plotting my coup
2,408 posts, read 13,368,706 times
Reputation: 1792
Quote:
Originally Posted by tahiti View Post
how about: educated population, excellent schools, great amenities, family and friends close by, great job opportunities, higher salaries, diverse culture, great food, 4 seasons.
Yep. Those are pretty much my reasons.

I've always lived in more expensive areas and since I grew up in one, it's what I'm used to; and I will now be moving yet again from one expensive area to another (DC to NYC).

Sure I would like to pay less for rent and car insurance and the like, but more often than not, it seems you get what you pay for, and the majority of the areas in this country that have a lower cost of living hold no interest to me. I can see the appeal they hold for others and wouldn't rule out moving to one in the future, but as far as what I'm looking for at this point in my life, I think the trade-off of all the benefits listed earlier of living in the more expensive areas of the country, outweight the costs.
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Old 06-15-2007, 03:16 PM
 
1,647 posts, read 2,320,476 times
Reputation: 479
comforts, weather, and a high paying job would justify it.
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