Quote:
|
Originally Posted by x54.4blue
Owning a home in a high cost location that has appreciation (normal market conditions) is much better than owning a how in the middle of nowhere and not having appreciation.
|
Of course, job opportunities are important. I'm not saying "go buy a home in the middle of nowhere cuz its cheaper". A high cost of living does not guarentee a better living quality. It also does not mean real estate will appreciate. Washington DC area's housing market has been in a drought for a while, this despite the good job opportunities it offers. One can't link "high cost of living" with "better living quality' or "more jobs".