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This doesn't account for the fact that cost of living doesn't rise at the same rate everywhere. You can't just use national statistics for this. It's entirely p
by consteval 2y ago
This doesn't account for the fact that cost of living doesn't rise at the same rate everywhere. You can't just use national statistics for this. It's entirely possible that in NYC the cost of living went up more than 2x since the 2000s.
- marinmania 2y agofwiw the housing price index in New York has actually seen lower increase since 2000 than the rest of the country https://fred.stlouisfed.org/series/NYXRSA https://fred.stlouisfed.org/series/NYXRSA https://fred.stlouisfed.org/series/CSUSHPINSA https://fred.stlouisfed.org/series/CSUSHPINSA The same is also true if you use 2005 or 2009 as your start date. I agree there is variance in theory, but in practice it has been about the same as the national.
- whywhywhywhy 2y agoIt's remote work though, why would they live in NYC.