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Maxpowr9 t1_jadorde wrote

Reply to comment by downthewell62 in Just came back from FL and ... by kamikaze_girl

That's the kicker. In these low CoL areas, the minimum wage is likely still below $10/hr too.

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ashhole613 t1_jadpjzv wrote

$7.25/hr in my home state in the south. I looked at houses in my little college hometown and it's $200k-$300k for anything halfway decent. I sold my house there for $85k in late 2016 for perspective. Rents are more than double what they were. I realize even the new prices sound cheap as fuck, but there are very few jobs that pay that kind of money down there outside of O&G work, both of which are feast or famine.

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downthewell62 t1_jadqmcb wrote

I just genuinely don't know what most people are going to do. I just don't know. Everything is being built too slowly and being scooped up by rental conglomerates who can charge whatever they want because people NEED houses.

Last I checked, a record high of 50% of millennials are living with their parents.

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