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Welcome to the People’s Republic of California
Rising Star
I think y’all missed the point. C2 satire is 🔥
You know who’s oddly quiet? All the COL deniers who claim 6 figures is enough no matter what because their cousin’s dog’s sister’s imaginary friend is thriving in HCOL on $25 a day
Commuting cost (both direct and opportunity cost of time) as well as opportunity cost of networking ability outside of large cities, largely close this price gap and are the reason people pay for these cities
Maybe read the whole chart.
Co Gray's on identifying the top wage earning county in the while of the US.
Location matters. The dollar goes far in some places and not far enough in others.
Where does the low income person live in California? $38,400 buys you a room at moms house. In other countries they subsidize low income housing. They give incentives to like teachers and government workers of like 12k on a 130k house. If the contractor meets that upper limit they have a ton of buyers. Anyone can technically purchase the home. Lots of incentive for a low priced home. Instead we offer 3% interest on million dollar homes and watch the disaster unfold as rates increase.