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Is there a point in measuring affordability relative to locals’ purchasing power, when the question the article raises isn’t how many people who already live there can afford homes, but rather where you should move to buy a home “for cheap” when your job has suddenly become mobile?

I would think absolute home prices (plus cost of living, minus any local tax incentives for moving to the state, etc.) might be a more interesting metric here.



Only useful for devs and other digital people. Not useful for a construction worker. If I were Price Economics I would keep it general as there are many (knowledge) workers not being able to go remote (or wanting to go remote).


Not quite true: a lot of non-tech jobs can be done remotely these days as well. E.g., my daughter works in event marketing management and her entire team works remotely.

It is a tech company, so they are comfortable with this, but a decidedly non-tech job.

Absolutely spot on re hands on work, e.g., construction, plumbing, electrical, other trades.


Also, construction workers are going to make a lot more money in a booming high priced market than a depressed one.


One aspect of geographical arbitrage that I rarely see discussed is what it's like to live in a community as someone with a high-paid job that's very different from your neighbors.

From that perspective, I like this take on it - if I'm going to be able to easily my afford my home, I'd like it if the same was true for my neighbors, even though most of them have more local, less tech-oriented careers.


There are also cities where the majority of the people there at any given moment aren’t actually employed by the local economy of the place: the estate communities of the northeast US, where everyone is the owner of some corporation who moved there to get away from people; tourist towns where the tourists outnumber the locals, with roughly all the locals employed in hospitality.

And there are cities where most everyone you’ll run into is employed by the local community, but doesn’t live there: agricultural towns where most people there at any given moment are temporary workers bussed in; “global” cities like Dubai which have roughly no local population, where most of the population at any time are there on temporary business visas; mining/oil-and-gas boom towns (though this last one tends to change, with the workers often settling into the area.)

It’d be interesting to see cities measured on what proportion of the people who you’d have as neighbours, are actually “attached” to the local economy. How much the city exists as an autonomous, self-sustaining entity; vs. being some state government or corporation’s loss leader for some project.


These are all really good points. I've mostly only lived places where I was "attached to the local economy" as you put it; I wish I had a better sense of what it's like to live someplace where you're not as locally enmeshed, and how that differs when your neighbors are or aren't in a similar situation.


What you’ve written could be read as: I have money and would prefer to live around other people with money.




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