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That's really strange, considering how mobile and portable the economy has become these days. You would think people would be moving more often these days in pursuit of job opportunities and the like.
Location: New Albany, Indiana (Greater Louisville)
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When you're stressed out - which a 5 year recession that's just now ending will do - you cling more to your family and familiar places.
When I was 19 I moved 70 miles away from where I lived since age 11 (Lexington KY) and have thought about moving to different places (Portland, Dallas, DC etc) but I wouldn't want to be so far from any family.
I moved back home to TN from IA at the end of 2012. In a few months, my income was cut in half to under $12/hr. I received an offer more than doubling my TN pay in IN, but would have been living in my car if it wasn't for a relocation stipend.
Couple that with many small town and rural real estate markets still being in the toilet, it's often hard for people to move where the jobs are, big cities.
COL is almost across the board equal. A 1br in Pittsburgh can go for $1200 a month. Why move? It's not 10+ years ago when a move would mean cheaper living expenses.
COL is almost across the board equal. A 1br in Pittsburgh can go for $1200 a month. Why move? It's not 10+ years ago when a move would mean cheaper living expenses.
Only in the most expensive parts of the city. There are plenty of places you can find apartments cheaper than that.
I agree with the downward mobility, out of all of the people I know from my youth, only 3 don't live in the area anymore (I'm 23).
You don't need to move as far anymore to find a big city with big city attractions and amenities. Most people already live in a big city, not a small town in a rural area. You don't necessarily have to hop on a bus to NYC if you're ambitious... there are plenty of career opportunities these days in large regional centres.
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