Yes I’m disturbed at the responses to this thread. A very leftist jealousy towards a young couple who worked hard through school in majors that allowed them to get good paying jobs.
These jobs in large extent do reside in NYC.
The they got it coming, if you don’t like it move or they don’t know how to budjet are pretty much the same responses you’d see if this was posted in a leftist rag.
While you can get banking jobs anywhere, their particular area of expertise will get a job in New York, Chicago, or maybe San Francisco. Note that all are expenses places to live.
This is market forces in action. Look at the Dakotas to see it happening now. They are having an oil boom and, gosh oh gee, housing costs have skyrocketed. What a surprise!
It will ALWAYS cost more to live where there are high paying jobs. Their problem is that taxes take a bigger bite the more you make (in general). Here in New Mexico if you make $100K a year you are doing pretty well AND you are keeping more of what you make. I was making $100K in South Florida and barely paying my bills. Here you can live as well on $50K, but of course the jobs that paid $100K in SoFla pay $50K here!
So why move to the lower price area? Income taxes are Federal, so your rate on $50K is less than your rate on $100K. You keep more, as a percentage, living in a lower cost of living area.
I was about to post the same as you, so I’ll just concur. They deprived themselves for advanced degrees, they did not work for years while in school, now they are in a high cost area. How can anyone think it is reasonable the govt. seize 40% of their labor?
Freepers are full of class envy too.