3 ms·
> where their housing prices have remained below the national average But are they higher than they were before the population grew? That's the important metri
by dnadler 8y ago
> where their housing prices have remained below the national average
But are they higher than they were before the population grew? That's the important metric here, and would speak to whether home building kept up with the population growth.
Also, cost of living is not only about housing.
- zjaffee 8y agoExcept cost of living in major tech cities is usually skewed higher because of housing in particular, things like groceries are generally only a small impact. Net land values are absolutely higher than they once were, farm/ranching fields now have housing on them. And while prices are higher than before the population grew, the prices have remained affordable for those earning the median income the entire time since the agglomeration effects of this growth has caused wages to rise.