This is a huge change and will hit those who live in big coastal cities the hardest. (thebrokeprofessional.com)
Also there's an international impact too where people overseas are mostly buying in big coastal cities like SF, LA, NYC, etc. — re: oppt cost with stocks, one thing I keep hearing again and again is that in today's market with interest rates at record lows (98 % percentile compared to all of history), we can not just expect the same 6 - 7 % real return from stocks going forward, and that is will be a lot lower than that. (jlcollinsnh.com)
The Midwest has a reputation for being more down - to - earth than the big coastal cities, and Dayton doesn't disappoint when it comes to cost of living, which is well below average. (creditdonkey.com)