Do you really think it would be better for the rest of America to become like Detroit? Too few have jobs, so housing craters?
The solution to housing affordability is to build more housing (or relocate jobs to where housing is more affordable), it's not to make the common people poor.
Except you are offshoring for less than the "Best and Brightest" that can be done in the US, especially at Amazon.
In fact, the most unqualified of the bottom of the barrel are being sought out because it is cheap. Not for actual skills and 'talent'.
> Because house prices are unaffordable. Should a simple house really be $2 million ?
Given that everyone believes that their house will keep going up leads me to think that thanks to AI, we are certainly going to have a 1929 style flash crash in house prices with less jobs when AI companies start declaring "AGI".
Thus, I rent an apartment, and I anticipate being a lifelong renter as long as I’m in the Bay Area. I also don’t anticipate being able to retire in the Bay Area, though that’s not for another 30 years. My long-term plan is to save a down payment for a vacation home somewhere affordable that I’ll use as my retirement home when the time comes.
