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If it were only true!

Houses around here are under $1M, often half that amount. Big houses.

It's a University town as well. Smaller places are even cheaper.

This really means nothing without a reference to the prevailing local wages, though.

Is there such a thing as 'local wages' any more?

Of course. It's how much people who live there get paid.

Let me explain. That doesn't have much to do with a silicon valley remote employee's ability to buy a house here.