> It is about economics and expectations. No, it is because a $1000 apartment is apparently beneath you.
And yet, letting my apartment out for $1000 is apparently beneath my landlord (Look at how entitled he is, to be asking $2250! It's almost like that's the price the market is willing to bear!)
Yet, we only use this sort of judgmental language to express outrage at employees, unwilling to work at a price below what the market is willing to bear.
>> unwilling to work at a price below what the market is willing to bear.
You realize I'm agreeing with you right? You are looking at the Palo Alto market, or San Jose market. But an immigrant might be willing to live in inner Oakland or a place where the market IS willing to give you a home for $1000 a month it is just not what you come to expect as an American.
I'm Indian American. My father was willing to live in a roach infested inner city apartment and thus we managed to pay $400 rent. I grew up in the US and got a top-3 school CS degree. I'm unwilling to live like my father. Hence I dont compete with H1s on the "jobs going unfilled" because they dont meet my expectations. Luckily I (and probably you) have options. My father didnt. We're lucky and we can be picky with where we live.
And for the record, the market will absolutely give you a sub $1000 apartment if you commute far out enough and live in disgusting conditions. You and I are unwilling to do so. Others will.
The specific term for what you're talking about is arbitrage. You're making a high wage in the city, but choosing to live in a lower cost of living area and keeping the difference. As someone who commuted hours each way for years, this absolutely works and you don't even need to be a specific ethnicity. I've worked my way up from crappy jobs cleaning up sewer damage, to a call center, then an IT dept, and now into IT management. This is possible for anyone willing to put more work than average, and who is ready when opportunity/luck/karma comes knocking at your door.
And yet, letting my apartment out for $1000 is apparently beneath my landlord (Look at how entitled he is, to be asking $2250! It's almost like that's the price the market is willing to bear!)
Yet, we only use this sort of judgmental language to express outrage at employees, unwilling to work at a price below what the market is willing to bear.