How to purposely choose to live in an economically depressed area and thrive (CA

[chaboydatdude]

Quick and interesting read on reddit with a lot of parallels to MMM.

http://www.reddit.com/r/personalfinance/comments/23wggb/how_to_purposely_choose_to_live_in_an/

[Gerard]

I was gonna chime in and say, "What about the local schools?"
But then I read down the posts a ways and realized they're in Canada, where the difference in quality/outcomes between high-ranked and low-ranked schools is much lower than most people think (until you get into really messed-up isolated northern communities).
I wouldn't want to do it myself -- I like not needing a car-- but good for them!

[clarkfan1979]

I purposely moved to Florida during the housing bust for a job with a very low salary. I loved the fact that everyone thought I was crazy. Although my salary is low, my buying power was very high because of the housing bust. I'm currently applying for jobs that pay almost double. If I don't land anything next year, I will buy another foreclosure and rent out my current house. I will commit to another two years and then apply for higher paying jobs again. When I leave, I will have 1-2 income properties. Florida still has a back log of foreclosures. However, I think the only deals that are left are the ones that need major repair 15K-30K.