Quote:
Originally Posted by Hemlock140
We get a lot of that here in WA state too, but then they discover that $60k is not enough to buy a house, at $600,000. I don't know about Indiana, but in Tennessee $24k is just enough to buy a home at the state average price of $127k. When/if pay in those southern states goes up, so will the cost of everything else.
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$24k is barely enough for basic subsistence, even in a low cost area. Also, basics like food in east TN are higher than here in Indiana and Iowa where I previously lived. Car insurance was more than double in TN than IN. Taxes are substantially cheaper in TN, but almost everything else is more expensive than IN.
How is someone supposed to save for a downpayment on $24k, or get any cushion at all? Truth is, they really can't.
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