3 ms·
Practically, what does this look like? There's $3M beautiful coastal homes in my area, and a few miles inland, you can get what might be called a 'starter home'
by 88913527 5y ago
Practically, what does this look like? There's $3M beautiful coastal homes in my area, and a few miles inland, you can get what might be called a 'starter home' for $900k. Is my wage going to be based on the extremely expensive coastal area, or the marked up, but still comparatively affordable inland area? It's all the same 'location' if we're talking at the county level.
- dsizzle 5y agoI would think they use a metro-area scheme similar to what the government uses for their employees https://www.federalpay.org/gs/locality https://www.federalpay.org/gs/locality Because, I mean, waterfront property has a premium everywhere, and even in the same exact "starter home" location I'm sure you could teardown and fit a $3M home. Those choices aren't determined by the metro area.