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But that higher median means that you get less variation in the kind of people around you. You only get the kind of people that could meet that price level. T

But that higher median means that you get less variation in the kind of people around you. You only get the kind of people that could meet that price level. Thanks to the 30 year mortgage, gentrification is slower than conventional economic theory would predict. The fact that the median is higher means that there's a smaller slice of society that can afford it.

pg 19y ago
But that higher median means that you get less variation in the kind of people around you. That is an illusion. To someone poor it might seem like everyone in Silicon Valley is "rich" and thus the same. But that's just an illusion caused by being an outsider, like the feeling children often have when they see people from some very unfamiliar society: how do they tell one another apart? You'd feel there was even less variation in the people around you if you moved to a city in China, because the people there would be way more like one another than they were like you.