Earlier quoted context omitted.
I'm not sure this rather dated precept is compatible with the exigencies of 21st century economics, and the flexibility, mobility and long hours demanded. For one thing, houses are cash sinks. It doesn't make sense for highly paid professionals to spend enormous amounts of time or money reshingling roofs, painting, mowing lawns, treating weeds, trimming hedges, repairing plumbing, etc. The deep specialisation and con…
>It doesn't make sense for highly paid professionals to spend enormous amounts of time or money reshingling roofs, painting, mowing lawns, treating weeds, trimming hedges, repairing plumbing So we pay HOA fees for high-rise condos. Rents in SF grew $2000 over 5 years. I would be ecstatic if my worst-case housing market outcome were a measly $250/mo. My standard of living is going to fall every year at lease renewal t…
Median rent in Midtown Atlanta, where I last lived, is pushing north of $2000, which for Atlanta is a _princely_ sum considering it's ... well, it's Atlanta. It's not Brooklyn or Chicago. If I'm going to pay that much, I want Brooklyn or Chicago.