Originally Posted by choli
Hmm, I'm not sure about that. Housing prices are pretty extreme where I live, but if I were to relocate to say, Arkansas where prices would be about 1/3, would I be able to get a job in my line of work? If I did, would it pay anything like it pays here?
Part of the reason that housing is expensive is the availability of well paid work.
I don't agree with this. Yeah, if you are talking moving to Podunk farmland somewhere, but $500,000 houses are not a requirement to have a good paying job. I live in a very large Midwestern city. I'm less than 20 minutes from downtown, and we live in a nice 2000 sq ft 3 bedroom on 1 acre. It wasn't a fixer upper, it was 20 years old and in good shape. We paid $140,000 two years ago, which is about average for a mid level house with a bit of land.
There are plenty of jobs here-we have two of the Big 4 accounting firms, several extremely large banks, a big state university, a large branch of IBM--it's your typical large city. I make about 10-15% less than I would in Washington DC (I looked into moving at one point) and my house cost less than a third of what I would pay there for a home 2 hours out of the city. I make a bit less, but figuring in cost of living I make a *heck* of a lot more than what I would make in a high cost of living city.
I'm honestly with the education thing. If you want to make more money, get a *useful, marketable* technical or bachelors degree. Not art, or business or psychology or history or poli sci or English. If you are getting a degree for the love of the degree, those are great choices! If you are wanting to make more money, go for nursing, accounting, engineering, electrician, plumber, machinist. With an apprenticeship program, you take a few classes and then get paid around $9-11 an hour for a year or two, and then you make really good money. I think a lot of people think "degree=good job" and then when they are working at Mc Donald's with their history degree, they gripe that a degree is worthless. Degrees aren't worthless. Some degrees aren't marketable though