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by pishpash
3165 days ago
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They're not wrong. There will be more people moving there if prices are lowered, and over the long run unless Portland can absorb the entire movable population whatever it is, it will be helping to lower rent everywhere in the country. So thanks! |
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One problem, though, is "stickiness". I wouldn't move to a different city for $1/month. I probably wouldn't move even for $100/month. Why not? Well, I'm not single, and I have kids. It's not just that I'd upset everyone's routine - I'd also have to move all this stuff. I'd also have to sell my place and buy (or rent) a new one. Total cost to me: Probably in the $20,000 range. I'm going to do that for $100/month? No way. Even for $1000/month, it would take 20 months to pay back, not counting the time and aggravation.
So cities are "sticky". I'm stuck here; it takes a seriously better situation to break me loose.
Many people have lower thresholds than I do; but for most people, the threshold is some way above zero. (Exceptions do exist; if the current situation is socially or emotionally difficult, they may move to something even if it's economically worse.)