Would you rather live poor in a great location or live rich in a poor location?

Question

I am deciding on if I want to work in Myrtle beach or a beach area (great location) but with high propery values or in rural PA/WV (deemed poor locaion) with low property values and lower living cost .......what would you do?

Answer 1

I live well in a low cost area but it all depends on what you want and the job you have.

If you have a spouse and kids living in a low cost area means you have a big house with a yard. If your alone and want the life of a player sharing an apartment with 5 people might work for you.

My sister has lived in both and prefers the lower stress of working in a low cost area. My brother has a house on the beach in LA and never has any time but seems happy.

It all depends on you.

Answer 2

Florida is chasing people away nowadays because of the high cost of living. Currently I have a handful of friends that have been trying to sell their houses for the past year with no success.

The cost of property insurance is crazy and continuing to grow. We are currently looking at moving to Missouri as a result. I've had other friends that have already headed to Tennessee.

I say, if you're not already in it, to head to where its cheaper to live. This way you'll be able to enjoy the sunnier states because you have more money saved to do so.

Good luck!

Answer 3

Live poor where there are higher property values. You'll earn more money because the local wages will be higher to account for the higher cost of living.

Make your money where the cost of living is high, and save,save,save! Retire where the cost of living is lower, so you can spend the rest of your life in comfort.

Answer 4

What good does it do you if you live in a great area and can't afford to eat and live with the fear that you could loose your house with the first thing that went wrong. Surely there is some middle ground between the two extremes that you mentioned.

Answer 5

Live rich in a poor neighborhood sounds like what I want to do as a retiree, but when I am young and ambitious, I wanna work my way to the top.

Answer 6

I think I'd go with living poor in a great location.

Answer 7

High property values

Answer 8

depends on how poor or how rich, if by poor you mean living on welfare and if by rich by havening alot of money but not realy set for life than poor in a great location because i can get help, if by poor you mean homeless and by rich you mena wealthy than rich in a poor location because i can jus make it better by donating money

Answer 9

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Answer 10

I'd rather buy low to sell high and live and let live