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We can all stay on the same page by expressing the numbers as percentage-above-cost-of-living. Or, we just represent this dollar amount as X, where X is how muc
by kaycebasques 9y ago
We can all stay on the same page by expressing the numbers as percentage-above-cost-of-living. Or, we just represent this dollar amount as X, where X is how much money you need to live comfortably off passive income for any given region. In the case of SV, it’s $5-10M. In other places, it’s $1M.
- tux1968 9y agoI'm not sure it should be based on cost-of-living at all. If it is, then you're middle class while living in SV, but all of a sudden rich when you sell your home, collect the equity, and move to Montana. It should be enough to say, only rich (or soon to be rich) people can live in SV.
- Joeri 9y agoIt sounds like SV is becoming the monaco of the US; you need to be rich to just get by there.