I own a home in a very rural part of the US, but do a lot of work with people in large cities. I was talking with some people in NYC about our 5 bedroom home that we bought for $120,000 and how most of the houses for sale in our town are about half that price. The people from NYC couldn't imagine such a thing. One said, "So does that mean that no one needs to take out a loan to buy their home?" I explained that the people in my town weren't making NY level wages either.
The idea that there were parts of the US where you could buy a house for $60k was just as foreign as the idea of someone making $25k per year. They simply had no frame of reference for what wages and cost of living look like in places that weren't big cities.
The idea that there were parts of the US where you could buy a house for $60k was just as foreign as the idea of someone making $25k per year. They simply had no frame of reference for what wages and cost of living look like in places that weren't big cities.