Sky-High Housing Costs Shut Out High Earners Too
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Despite having good jobs and incomes over $200K, some people still can't afford to buy homes in expensive markets like Los Angeles and have moved away.
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Others are stuck in rent-controlled apartments in LA, unable to move despite high rents because they can't afford anything else.
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One person moved from Seattle to Florida just to afford rent and have a better quality of life.
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A couple moved for a job and despite a $200K income, have struggled to buy a house, ending up in a small rental costing far more than their last home.
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One man sums up the feelings of frustration, saying they "did all the right things" to achieve the American Dream but affordable housing was "yanked out" from them.