/S/a/l/a/r/y/ ... er... I mean rates

Al Geist al.geist at geistassociates.com
Mon Dec 4 14:58:43 MST 2006


mlist at safenet-inc.com wrote:

>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

-- 

Al Geist
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