Perhaps the most out-of-touch video ever

[memphis]

It must be awful to barely get by in this luxury condo on Lakeshore Drive
http://www.realtor.com/realestateandhomes-detail/530-N-Lake-Shore-Dr-Apt-1801_Chicago_IL_60611_M76731-89019

[memphis]

Simfan is just determined to be penniless. He won't be the first.

[memphis]

What's especially bad about some of these types is that they've put most off their assets into the most inaccessible places possible. Housing can be extremely difficult to unload, and even if you can get a good price the cost of closing the deal and moving all your stuff can be shockingly high. To say nothing of the stress involved. And then a lot of working professionals, who really ought to know better, have what investments they do have inside of a tax sheltered account like a 401(k) that can't be touched before retirement age without extraordinary costs. My grandmother was an illegal immigrant who never finished the 9th grade, but she knew enough to save when possible and to watch her pennies. It's amazing how many people with advanced degrees from elite schools can't figure it out.

[memphis]

Yeah, Chicago isn't really all that pricey. Having an eternal supply of land for sprawl keeps things reasonable. Metro Houston, Phoenix, Detroit, Atlanta, etc work pretty much on the same principal. Makes me wonder what the priciest inland large metro area is.