"And yes people tend to make less money in less expensive cities."
My friend Earl went from "living in a mansion on the hill, ...to a trailer house on a dirt road,
...not a blacktop road within miles", and he often poses the following question to people, ...
Q:
"Do you know the difference between a $4000 /mth house payment, vs a $400 /mth payment?"
Do you know what the answer is (which I tend to believe)? Well, according to Earl:
A:
"Nothing! There's NO difference at all between the two if you haven't got the $400"So an argument that people can move to less expensive areas despite the fact that they tend to make less is a ridiculous one imo. If the mortgage is breaking your back, ...how willing would you be to move your family to a less expensive place next to the neighborhood crack house? I think most would continue to bare the crushing load for as long as they could until they collapsed under the weight.
If you ever get a chance to sit down and talk with Earl in person, jump at it. This is a man with much life experience who's been kicked down, had the wind knocked out of him, and been pitched so many curve balls sooo many times, ...yet through everything, he just picks himself up, dusts himself off, and moves forward.
He's such an inspiration, ...and one-on-one, he'll make you wet your pants with laughter.
He's a unique combination of laser-like intensity & Jeff Foxworthy earthiness rolled into one.
You can hear him tell his story in his own words
here (It's the 6
th video down the right).
