this post was submitted on 02 Nov 2023
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There's not many "worlds" with those price points, so you're probably in Boston, NYC, SF, or somewhere similar. I, too, live in one of the highest cost-of-living areas in the US, so I get it more than you think.
But rent in those areas... 1 Bedroom apartments in Boston $4000/mo for 800sqft. Same thing, actually a bit more expensive to rent than to buy.
How so? If I actually were willing to rent, I could pocket a couple hundred grand and just pay apartment prices.
In fairness, on the price difference I can afford a landscaper and use delivery services for errands. But I don't mind mowing my lawn or driving, so I don't do those things. But I don't grok your point here. Are you suggesting nobody would actually want to live outside of big cities "because lawns and driving"? I understand some people love cities, and I respect that. I had a starry-eyed coworker who GUSHED about his visits to Boston. I like leaning back and chillin in my yard, swimming in my private pool, without anyone bothering me.