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Counter point: most people in America don't live in these HCOL cities.
by mcntsh 4y ago
Counter point: most people in America don't live in these HCOL cities.
- mint2 4y agoYes, but the ones that do are clearly forgoing tens or of thousands to do it so unquestionably it has value. That’s actually one way the results of the study can be interpreted, despite paying a cost of living difference of about $40k to live in NY vs Tennessee, smart people are choosing NY. That means the benefit they get by remaining in NY is greater than $40k… To a rough first order approximation. But it’s no rougher than completely neglecting value of location. On a side note, that’s a nice 2 story house on the beach, want to swap it for my two story house in the suburbs? It’s equivalent right!
- mcntsh 4y ago> Yes, but the ones that do are clearly forgoing tens or of thousands to do it so unquestionably it has value. ... that only means it has value for those people. If money wasn't an option, I still wouldn't move to San Francisco.
- mint2 4y agoIn that case it’s apparent we agree that cities are not interchangeable commodities and factors beyond COL cannot be ignored for actual practical decision making.
- mcntsh 4y agoNo there's no agreement, you're being overly pedantic. This analysis covers DOLLAR COST comparisons of the cities, it doesn't take into account anything outside of that. If it's not valuable to you then skip over it.
- mint2 4y agoUnfortunately while I won’t be persuaded by a list that is mostly useless, others will make decisions on it without realizing how misleading it is. That is why I object.