Read on Twitter
"And while its turnaround is just beginning... it's a much better bet at this point than chasing unproven second-tier markets that have lost much of their cost advantage to their high-cost peers."
Some thoughts in thread
https://www.bloomberg.com/opinion/articles/2021-02-03/cheap-rent-makes-new-york-a-better-deal-than-austin?sref=2o0rZsF1&utm_source=twitter&utm_campaign=socialflow-organic&cmpid%3D=socialflow-twitter-view&utm_medium=social&utm_content=view
Some thoughts in thread
https://www.bloomberg.com/opinion/articles/2021-02-03/cheap-rent-makes-new-york-a-better-deal-than-austin?sref=2o0rZsF1&utm_source=twitter&utm_campaign=socialflow-organic&cmpid%3D=socialflow-twitter-view&utm_medium=social&utm_content=view
It's true that major cities like NYC, Chicago, LA and even more have seen their costs of living dip over the past year. But even so, compare those costs to "second-tier markets" and it's still way more. Additionally, it's naive to think that people live in other markets simply...
...because of the lower cost. Believe it or not, there's culture, entertainment, unique experiences, and even amazing networking opportunities outside of NYC. That seems to be something that @conorsen is overlooking here, which is surprising as he's actually based in the South.
Thoughts? @middletechpod
