Reply to What is it like to be “house poor”?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This thread perfectly illustrates why people are choosing to leave HCOL cities like DC and NYC. Why be house poor and stretch your budget just to make sure your child goes to a good school or you have access to good restaurants or things to do? Reading this thread has really reaffirmed my desire to leave this area and WFH permanently. Thankfully I am in an in demand field and no matter the state of the economy finding a remote job in the event I ever get laid off or fired will be very easy. And like a previous poster said 2020 and the next few years is not the time to be burdening yourself with high house payments or any other liability really. The economic fallout of this crisis has yet to be fully felt and you never know what will happen in the coming months to years. [/quote]

Great to be optimistic about your skills. However there is one variable that is very difficult to control - HEALTH! [/quote]

Please elaborate. You don’t have to be in a major city to get covid treatment, if that’s what you’re implying. [/quote]

What I am saying is that major health events such as cancer do happen and are costly both socially and economically. I am speaking from experience. My wife went through a major health even and despite excellent heath insurance we faced 100k in medical bills over several years. I had to leave my job and when I came back I simply wasn’t the most attractive candidate. But this is life. We should always be optimistic about the future, but we need to be careful as well.[/quote]

I am the PP and moving away from DC and the high HCOL is another way to make sure in event of a catastrophe I will have saved more money and be able to make less in the event I or my partner need to cut down on hours. Living in DC does not mean your healthcare is better or if you get very sick you will weather the storm better. In fact you will go broke faster and your buffer will be thinner. So yes leaving DC makes economic sense in almost every way for me and my partner. [/quote]

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