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Instead of inland in places like Kansas. You can get a house for almost no cost in certain areas of Kansas and other non coastal states. Try finding that deal in a coastal state. Will not happen, you will likely be spending well north of $1 million dollars to own a home in the coastal states. Especially in highly desireable areas. So my
question is even if one have a good cash flow why would someone willingly choose to live in a place like Boston when they could own a house for almost no cost and save more money in the Midwest states?
Last edited by Europeanflava; 02-13-2015 at 06:27 AM..
Because I'd choke from being landlocked. I grew up in an area where I could be at the beach and see/smell the ocean in 20-30 minutes. I spent 7 years living 5-6 hours from the ocean, and the last 2 years were pure torture.
Instead of inland in places like Kansas. You can get a house for almost no cost in certain areas of Kansas and other non coastal states. Try finding that deal in a coastal state. Will not happen, you will likely be spending well north of $1 million dollars to own a home in the coastal states. Especially in highly desireable areas. So my
question is even if one have a good cash flow why would someone willingly choose to live in a place like Boston when they could own a house for almost no cost and save more money in the Midwest states?
Because they could have more money but live miserably. There are tons of other reasons.
Because the cities of the east cost usually have more to offer than the cities in the center of the country. Better job opportunities, great universities, art galleries and cultural attractions.
But you can save more money by not owning a home on the east coast if your yearly salary is less than $75,000.
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