Re: /S/a/l/a/r/y/ ... er... I mean rates
I've been wrong before (stop that snickering), but isn't $100K in a place like New York (NY) or Silicon Valley about the same as $85K in a place like... hmm Ottawa?
Everything is relative..... Over the last couple of years, newspapers frequently printed stories about families who moved from places like Silicon Gulch, New York, Boston, etc., and plopped down in places all over the Midwest. The significant drop in housing prices combined with a lack of congestion were two primary reasons for the moves. A house in Kansas was 30% of the cost of a similar size house in the San Francisco area of California. However, they also found that local wages were reduced by similar amounts. The fact that they ended up essentially buying their new houses outright make the move a lot more palatable. If you have the ability to work remote and a nice nest egg, you can "have your cake and eat it too." If you are thinking of moving to someplace with a lower cost of living and you don't have a humongous nest egg, you might be in for a rude awakening.
Just observations from someone who has living in entirely too many places over the past five years......
Al
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