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I agree, but I don't think you can get too specific with any metric without imposing your own value system on everyone. For example, some believe SF/SV is overp
by bkjelden 11y ago
I agree, but I don't think you can get too specific with any metric without imposing your own value system on everyone. For example, some believe SF/SV is overpriced, some view the cost of living as a luxury expense and think it's easily justified by the weather/culture/etc.
- rattray 11y agoAgreed - it's an unfortunate that such an objective measure doesn't exist. I like to think of the problem as SF (for example) not having its own currency when it does have its own economy. SF dollars are worth less than Kansas dollars, for example. If we had a way of breaking this down, it might be easier to see which parts of pricing differential are "luxury expense."