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Yeah nah. I don't really follow this. Unless you consider terrible traffic and less than idea air quality luxuries. Having said that, I did live in Adelaide for
by r2pleasent 10y ago
Yeah nah. I don't really follow this. Unless you consider terrible traffic and less than idea air quality luxuries. Having said that, I did live in Adelaide for 13 years.
It's a fact, not a matter of opinion. People definitely do pay a premium for the luxury of living in LA/SF/NYC. Just look at the rents as you move further away from the center of the cities.
You and I may argue whether it's worth paying that premium, but that's a separate conversation. Location is the most important valuation metric in real estate. A one acre piece of land in rural America could be worth $5,000. An acre in Manhattan is worth $90M+.[1]
[1] http://cityroom.blogs.nytimes.com/2008/05/13/2100-a-square-foot-for-vacant-land/ http://cityroom.blogs.nytimes.com/2008/05/13/2100-a-square-f...
- TheSpiceIsLife 10y agoliving in LA/SF/NYC is a luxury Definitely an opinion. that people pay a premium for. That's a fact. People definitely pay a premium for living in or close to big cities. Whether it's a luxury is entirely a matter of opinion.
- acedinlowball 10y agoSo you don't agree that 6-bedroom mansions, expensive sports cars, and having a high-paying job are luxuries?
- TheSpiceIsLife 10y agoWell now the goal posts have moved. Is living in a big city a luxury? I'm doubtful. Is having those other things a luxury? Sure they sound luxurious until you realise you have to pay for them, which is why you'll need the high-paying job. I'm just saying that it is possible to be comfortable outside a huge city and not owning cars I'd be worried about scratching. People have different tastes.