Matt Yglesias has a post up noting an overlap between those cities with high numbers of job openings per capita, and those cities with high housing prices. Yglesias writes:
This means that it may be very difficult for the typical American to afford to relocate to the Bay Area or the DC-Baltimore area even though these are places where jobs are plentiful. Charlotte and Cleveland are both considerably smaller, so the high ratio of job opportunities to people represents a small total number of jobs, but moving to those cities is a much cheaper proposition.
But a Los Angeles Times story from yesterday suggests that even moving to Charlotte or Cleveland may be too expensive. The problem is not the prices of the homes where the jobs are, it’s the prices of the homes where the jobs aren’t:
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