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0 pointsakgerber3y ago0 comments

Rent in a city like Appleton, WI (a random small Midwestern industrial city) averages $659 for a 1br: https://appleton.craigslist.org/search/apa?min_price=&max_pr...

Sharing a 2br is even cheaper. And this is only if one wants to buy a house all-cash.

Another traditional route to homeownership in Midwestern cities is purchasing a 2-family house. The tenant's rent generally covers the house's mortgage, even at today's interest rates: https://www.zillow.com/homedetails/701-Broad-St-Menasha-WI-5...?

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notch656a3y ago· 2 in thread

There's a certain segment of people with a smug self superiority that think because they earn six figures in places like Seattle or San Francisco that the simple forklift driver in bumfuck, WI has even less chance of buying a home than they have.

They couldn't be more wrong.

While the forklift driver is slowly saving 10k a year for a 150k house, the SF bro is saving 50k a year for a similar house for $1M. Guess who gets to the target first.

akgerberOP3y ago

Nowadays one can also work remotely for an SF/Seattle firm and live in Appleton & buy a very nice house & talk about Bucks games at the bar rather than website capitalism.

notch656a3y ago

It's a valid point but if your remote employee can live in Appleton they may also be able to live in Bangalore.

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