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Inflation measurements should be tied to location because housing costs vary dramatically and are a huge proportion of expenditure for most people.
by bufordtwain 6y ago
Inflation measurements should be tied to location because housing costs vary dramatically and are a huge proportion of expenditure for most people.
- whimsicalism 6y agoAt the same time, differing costs of living reflect differing values. The reason the Bay Area is so much more expensive than Tulsa, Oklahoma is because many people would much prefer to live in the Bay. Adjusting completely for COL ignores the reality that living in the Bay is, to some extent, a luxury.