Indeed. So, speaking as someone who lives in the Greater Seattle area, enjoys the local restaurants, and would like their head chefs to remain here - it is a problem, and I would like to solve it. Even if it means that my home equity might not be as valuable on paper as it would otherwise be in 10 years.
Sure… but Seattle is valuable and desirable because it is Seattle. The only thing you could do to make it like you wish is to make Seattle undesirable.
Think about it like this. What do you think of when you think about Indianapolis, or Kansas City, or Charlotte, etc.? Do those cities seem very desirable to you? Places you want to go and uproot your life to move to?
Probably not. Flat. Boring. Dog shit weather. Car-only infrastructure. (I know I live in a similar city for family/friends reasons)
You can’t solve this problem with less home equity - that’s a contradiction. The great things you enjoy are tied 1-1 inseparably from your home equity. The only way for your home equity to not be as valuable in ten years as it otherwise would be is to get rid of the very things that you enjoy!
The only reason why none of these sound particularly desirable is the overall politics of their respective states. Otherwise, I wouldn't have a problem living in any of them now that remote work is reasonably well established. It wasn't back when I bought a house here - then it was all about the jobs.
I also have to note that "dog shit weather" is literally one of the things that define the Seattle experience. I don't actually mind personally, but a lot of people do.
> The only reason why none of these sound particularly desirable is the overall politics of their respective states.
That’s not the only reason and you know it. And even if it were the only reason for you it’s not the only reason broadly speaking. But the desirable political climate adds to the desirability of Seattle.
> I also have to note that "dog shit weather" is literally one of the things that define the Seattle experience. I don't actually mind personally, but a lot of people do.
Seattle has fewer homes with air conditioning than even San Francisco [1] at 33% (as of 2018). Kansas City is at 99%. It’s very moderate throughout the year. You don’t get crazy temperature variance. Seattle isn’t San Diego but it’s not Buffalo, Kansas City, or Mobile either.
