Generally, the people working in those expensive places got compensated accordingly because it was so expensive to live in those places. So how can people who are not working in those expensive places afford to live in them?
It was always the dream. I have no regrets. Yes I could have retired to somewhere cheap but I'm only 34 and my skills are in high demand seeing salaries in the 200k+ range.
They are building housing here but so many people want to live here that no matter how much they build it will just all be absorbed immediately.
It made one thing perfectly clear to me though. Building wealth is more about investing than saving.
Their company had a simple CoL compensation adjustment that only accounts for zip code. Move to a more expensive zip code, get a raise.