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01/26/2015

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Given the various forms of assortative association we are witnessing, you should consider the possibility that someone would rather live in Massachusetts than Mississippi (or vice versa) for reasons purely of sociocultural fit.

In such cases, the economics of it all might well be entirely secondary.

Great observation, Tony! You got it in one, nailing a central underlying reality to every voluntary residential location choice.

When speaking to Bostonians lamenting the unbelievably high cost to live inside their city limits despite the relatively low pay differential (~117%) to offset the very high (~170%) COL differential at a typical income level, they all conceded they were a self-selecting population. They either were independently wealthy or "lived down" to stretch available dollars to permit living in Beantown. Otherwise, folks commuted from outside the Beltway where costs were lower to work in the good-paying City center.

Jim, very good and appropriate topic for items I am currently working on. Thanks for providing. From a personal perspective I have lived in Texas, the northeast (NY/CT, the mountain states and upper south or lower mid atlantic and have fould that there are many different trade offs with taxes on property (real estate)(personal possessions) and state and local taxes versus no state taxes. There is always an adjustment but things end up coming out closer than all the numbers say due to the choices made by the individual.....Trade-offs.......

Right, Mark... some people would think living in ski country is heavenly, while others would miss big city bustle, subways, Metropolitan Opera, etc.

One important tip: when doing labor relations for a public moving association, I learned that no relocation ever survives a bad move. If the family is upset by the relocation moving experience, they may stay in the new town, but the relocated employee almost always quits the responsible company within a year. A price gets paid, one way or another! The firm that subsidized the move gets the blame. Wonder if that has changed?

Ain't Momma happy... ain't nobody happy.

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