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A Huge Number of Homeowners Have Mortgage Rates Too Good to Give Up
(www.nytimes.com)
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this post was submitted on 15 Apr 2024
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And people moved away from cities during COVID to decrease their cost of living and get a bigger place while still being able to work from home. They bought with lover interest rates in their mortgage.
Now employers want a return to office. The employees can't afford to move back.
Also a lot of people have discovered that no one wants to live in rural areas because they fucking suck. That's why there's no people there.
People don't live in rural areas primarily because of the distance to their jobs and a lack of infrastructure. Otherwise most people would choose rural living over living in a dense city if all other factors were equal.
Closeness to nature, lack of pollution/ city noise, free use of the earth and land, etc.
[citation needed]
I greatly enjoy not having to drive 30 minutes to get groceries or run errands. I very much enjoy dense urban areas where everything is within walking distance or good transit.
Throw in a nice park and some greenery and I’m good. I frankly think most people would pick that than a car centric plot in the middle of nowhere.
For me, it’s not just the closeness of things, but also having a dozen good options for eating takeout, or numerous local coffee roasters or bakeries. I love the idea of living closer to nature on the big island of Hawaii but, it would be rough. To bring the things I love with me I’d also have to roast my own coffee, bake my own bagels and pizza, and brew my own beer. Basically it would be a full time job. I’m happy that these things are still available to me as hobbies, but they are easily outsourced in a real city. And it’s not like you can’t find pizza or beer or coffee on Hawaii, but the quality and variety of those things falls short of what you’d get in a bigger city.
fuck that! give me nyc. I love nature but it's so inconvenient. it's something to visit.
Yep it's awesome to be free of all the hassles of city life, living out in the woods basically with room to do whatever. The air is clean and fresh, and I can piss in the yard day or night.
Being close to a small town, I can even access groceries and restaurants within 10 minutes. Fiber internet is available and affordable. Wouldn't trade it for any city.