[bitL]

Race to the bottom. No rewards for excellence, why bother studying/working hard when all you get is 80k? That's basically a life-time mortgage if you want to own a house.

[ilaksh]

In some places houses cost less than $150k..

[bitL]

Would you live/work in Rust Belt or Appalachia? I've also heard many houses in Detroit go for $1. Sounds great, right?

[ilaksh]

I work for a startup and live in Tijuana.