re: Salary of $115,627 needed in order to qualify for a mortgage on a typical American home

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It’s the same thing when the low end workers complain they can’t afford an apartment working 40 hours a week. The prices of big cities/high end suburbs distort these numbers. You can move in rural areas, small town and even medium size towns and it would literally take half of these salaries to own a house. And I mean 3-4 bedroom homes that’s rent rundown at all. Location is the key. It is t just where you live in the rural/ urban divide either it’s certain states. You might just not be able to afford to live in California, New York, Oregon etc.

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I work with some startups in the tech business.

In most cases, the R&D needs to be near Stanford and other tech hubs where the talent is concentrated. But the bulk of the other jobs that fit the standard industry practices can just as well exist in Nebraska or some other LCOL place as the company grows.