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But why do they have different living arrangements? Because SF/NYC is more expensive, i.e. the cost of living is higher. Perhaps you value other things like h
by cameldrv 6y ago
But why do they have different living arrangements? Because SF/NYC is more expensive, i.e. the cost of living is higher.
Perhaps you value other things like having access to cultural activities, etc, but if you want the same material standard of living, it's much more expensive in these cities.
- dionidium 6y agoOne does not have the "same material standard of living" in identical houses independent of where the houses are located. That's why the costs are different in the first place. You're imagining that the real estate can be valued in the abstract, independent of its location. But it can't. If you have two identical houses, one in Manhattan and one in suburban Arizona, the one in Manhattan represents a vastly higher material standard of living.