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One reason is that the economy has done so well in states like California, vs. depressed, mismanaged poverty-stricken red states, that they can live much mroe cheaply. You could sell your $1.2m place in Cali and buy a much nicer place in Texas and have $700,000 left over. Of course, then you’d have to live in Texas. It’s not bad if you have AC, work remote and just never leave your house.
One reason is that the economy has done so well in states like California, vs. depressed, mismanaged poverty-stricken red states, that they can live much mroe cheaply. You could sell your $1.2m place in Cali and buy a much nicer place in Texas and have $700,000 left over. Of course, then you’d have to live in Texas. It’s not bad if you have AC, work remote and just never leave your house.