If you live with Mommy and Daddy, you won't understand. But if you work from home making $70k a year, and Amazon wants you to relocate, you have a big problem....
If you live in a $200k home in Oklahoma, which you bought years ago with a 3% interest rate, you are looking at a $900 a month mortgage payment. That is roughly 15% of your monthly income. If you have to move to Seattle to work in an office, because your rich CEO thinks offices breed collaboration, you will have to buy an $800k house with a 7% interest rate. That is a $5,300 mortgage payment, only 90% of your monthly income and nearly a 500% increase in your housing cost! So you will have to quit, as only a fool would give up an affordable home for anyone in 2023. Do you understand the problem now?
