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His point is that commentary on the cost of living tends to oversimplify. Different regions don't just have a linear multiplier that applies to all expenses, b
by T-hawk 10y ago
His point is that commentary on the cost of living tends to oversimplify. Different regions don't just have a linear multiplier that applies to all expenses, but that's what these surface-level shallow surveys tend to imply.
What escalates in expensive areas is really just housing and other costs related to physical space, like parking and transit. As he said, Amazon costs the same everywhere. So do your cell phone and computer. Utilities, food, gas, clothing, medical, all of those really don't vary all that much. They might swing by 50% between the cheapest and most expensive areas in the US, but that's nowhere near multipliers like 3x that people try to claim from just the housing data point.