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by arthurofbabylon
20 days ago
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The article details costs and leaves two big ones out. First, opportunity cost: lot of folks rent instead of own on the basis of keeping assets in higher-performing market sectors. Second (and perhaps actually an expression of the first), anything that prevents a working professional from changing cities can exert downward pressure on future economic opportunity. |
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Changing cities? Sell or rent out your house. Not harder than moving apartments.