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Not really, there's cities all over the world with conditions that lead to crazy high real estate/housing costs. Most every metropolis ends up with a similar si
by AYBABTME 8y ago
Not really, there's cities all over the world with conditions that lead to crazy high real estate/housing costs. Most every metropolis ends up with a similar situation. Slightly different settings that all sum up to "high demand low supplies". NYC, London, Vancouver, Hong Kong, Tokyo, ...
- ben_w 8y agoSF is an outlier compared to London. From expatistan.com: Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area: SF: $3,663 (£2,789) London: £1,766 Difference: 58%
- foldr 8y agoWorth noting that the difference there is exaggerated somewhat by the unusually low value of the pound at the moment.
- onlyrealcuzzo 8y agoWorth noting that tech workers in London make about 1/2 to 1/3 of what they do in the Bay.
- foldr 8y agoIt might be worth noting in another context, but tech worker salaries don't determine London rents.
- ben_w 8y agoThe unusualness of the pound is about 10%, +/- the usual variations, isn’t it?
- foldr 8y agoDepends on what period you're considering: https://www.macrotrends.net/2549/pound-dollar-exchange-rate-historical-chart https://www.macrotrends.net/2549/pound-dollar-exchange-rate-... If you take 1.6 USD = 1GBP as typical of recent times, then it's more like 20%.