Is it just mortgage rates or is it that moving down to the southern United States is not all that appealing for other reasons? There is clearly an amount of money that would convince me to move to "the US south" but as of yet nobody has offered it. There is a significant quality of life and sanity cost that I would prefer to not incur.
Cheap Mortgages Deter Workers from Relocating for $250k Jobs
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Re: Cheap Mortgages Deter Workers from Relocating for $250k Jobs
#12Is it just mortgage rates or is it that moving down to the southern United States is not all that appealing for other reasons? There is clearly an amount of money that would convince me to move to "the US south" but as of yet nobody has offered it. There is a significant quality of life and sanity cost that I would prefer to not incur.
Not only do the outdoor activities pale in comparison to what you get in other parts of the country, but additionally so much of the political rhetoric, attitude, and actions isn't just "I want myself, my family, and my neighbors to do well" but "I want other people to suffer."
It's truly a terrible micro-society within the U.S.
Like anywhere, there are of course tons of nice/great people and some nice places. But exceptions, rules, etc.
Re: Cheap Mortgages Deter Workers from Relocating for $250k Jobs
#13Is it just mortgage rates or is it that moving down to the southern United States is not all that appealing for other reasons? There is clearly an amount of money that would convince me to move to "the US south" but as of yet nobody has offered it. There is a significant quality of life and sanity cost that I would prefer to not incur.
So, probably you and your peers like you would never move there, but a ton of people are moving there:
https://www.census.gov/library/stories/2023/11/state-to-stat...
Re: Cheap Mortgages Deter Workers from Relocating for $250k Jobs
#14Am I missing something or did the writer just drop this line in the middle of the article with no context: > But salaries in Michigan for all manager roles are typically around 15% to 20% higher than for comparable roles in the south, she said. Why on earth would anyone move for a job paying 20% less, regardless of their mortgage status?
Re: Cheap Mortgages Deter Workers from Relocating for $250k Jobs
#15Am I missing something or did the writer just drop this line in the middle of the article with no context: > But salaries in Michigan for all manager roles are typically around 15% to 20% higher than for comparable roles in the south, she said. Why on earth would anyone move for a job paying 20% less, regardless of their mortgage status?
Re: Cheap Mortgages Deter Workers from Relocating for $250k Jobs
#16Am I missing something or did the writer just drop this line in the middle of the article with no context: > But salaries in Michigan for all manager roles are typically around 15% to 20% higher than for comparable roles in the south, she said. Why on earth would anyone move for a job paying 20% less, regardless of their mortgage status?
Re: Cheap Mortgages Deter Workers from Relocating for $250k Jobs
#17Am I missing something or did the writer just drop this line in the middle of the article with no context: > But salaries in Michigan for all manager roles are typically around 15% to 20% higher than for comparable roles in the south, she said. Why on earth would anyone move for a job paying 20% less, regardless of their mortgage status?
If taxes and CoL end up being more than 20% less, then it can be profitable to move.
Re: Cheap Mortgages Deter Workers from Relocating for $250k Jobs
#18Re: Cheap Mortgages Deter Workers from Relocating for $250k Jobs
#19So offer then higher salaries to offset the costs of moving there? What exactly is the problem?
These are already high salaries, and they're still not enough. And that's a good thing. These companies need to pay the true price for talent, which is much higher than what they're paying but also they've done a lot of dirty tricks to grow as big as they are; the real price for what they're asking should bleed them dry.