In general I just think it is a lot easier in, at least some, European countries to set yourself up for a good life. Day to day, year to year, to not endure a long commute or stressful work environment. Having time to spend with your kids while they are young, your parents before they get too old and your friends so you don't lose touch. Not having to worry about the future, managing your kids lives, the financial losses of getting sick or your career.
Once you start wanting to do things that aren't universal or the default in any country, and especially with other people in your life, you can end up paying a large premium to do so.
That's also common in the United States or at least in the Upper Midwest. Just here in Minnesota there are around 124,000 seasonal properties and the average household income for the owners of these properties is $58,000 which is not rich in the United States. It's also a similar story in Wisconsin next door and other Upper Midwest states like Michigan.
[1]: https://minnesota.cbslocal.com/2017/05/29/good-question-cabi...
Every SF salary range I see is significantly below what I made last year. I'm not even taking cost of living into consideration here. Just absolute terms. I interviewed at Amazon a few years ago when they were doing some game design stuff and didn't make the cut. I learned that I'm not ambitious enough to make less.
Because midwest tech, I have no debt. In fact, I can crunch for a month, take the money and go buy a few acres to shoot my .50 caliber anti material rifle. Few SF residents will know how expensive it is to buy match 750 grain ammo, or know the pain and suffering of putting a clean hole through an engine block you tore out of a mercury tracer from 1000m away on a tuesday at 11am. It's terrible.
The central limit theorem corroborates the fact that the 500,000 people in KC basically don't exist and it's just one big cornfield. The 800,000 people in San Francisco are burdened with the knowledge that everything east of them til' the coast is flyover country. I feel for them.
If you're in tech move west, definitely.
Making major capital investments in the property is actually something I would consider a reason to purchase rather than renting. Can you say more about your thought process there?
> If you're in tech move west, definitely.
...west? Did you mean east?
How does this encourage anything but complacency? Who wants to start anything when everything is a utopia with no consequences? I’m not even being facetious because that is basically what you’re describing. This is why Europe barely innovates: extreme comfort and security. These aren’t bad things. But it’s odd to me that people look for more complicated answers when this is plain as day.