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I could never afford it. I would have loved to buy a condo in Uptown Charlotte, but living in the suburbs I got twice the space at half the cost for a new house....If the prices were cheaper yes. I'm a teacher, so I think I'm pretty ordinary or common as far as income goes.
It seems as if it is becoming increasingly unimportant for people to be tied down to a physical office. As technology improves, this will continue to increase.
In 10-20 years when technology improves so much that employers are not tied to having people in a centralized location such as NYC, why would they pay drastically higher salaries demanded by the cost of employees living / working in NYC. Also, how many people live in cities like NYC solely b/c their job is tied to there and would jump at a chance to get out of that environment.
If I could do my job from miami, I'd be on the first flight out of JFK.
I think ordinary people CAN live in cities - there are many that do. Not all of them have high 6-figure incomes. They take on roommates, cut expenses down in certain areas, ect. For a while I was considering moving to Manhattan - and as a CPA without a family I had calculated that it was doable based on some salary ranges I was receiving from potential employers.. I consider myself and ordinary guy...
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