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Because a lot of that media consumption is done on the go. So I would rather sit in a nice restaurant eating a good meal while surfing the Internet than I would in a cow pasture. But that’s just me. If you like small town living, who cares. I just find it strange that so many think it’s so virtuous to do so. If you don’t live in city why do you care? Could it be that city dwellers tend not to vote how you think they should? Maybe if everything wasn’t viewed through a political lens, you all could feel better about it.
A lot of people who live in the inner core live there so they can brag about living there. (No, not all)
Yep. There are nutty people who live near Princeton, NJ that pay EXTRA to have a Princeton mailing address just for the optics of it. There are fake people everywhere, just peruse FB and other social media to see their pretend life in action.
I think it is very interesting how people pay 10 times the price for a home in San Francisco than Wichita when a vast majority of people's lives is consuming nearly universally available media and sleeping.
When ever I am in a big city, I wonder where the excitement is as a vast majority of people are staring at a device most of the time.
Interesting the premium pay to be on the internet in Culver City or Newport Beach as opposed to Wichita or Grand Forks.
Opportunity, politics, weather, diversity are main reasons to live in SF over Wichita. Sorry.
Opportunity, politics, weather, diversity are main reasons to live in SF over Wichita. Sorry.
There's no real opportunity there for the regular person unless you want to work at starbucks or some other MW wage job. Look at all the homeless there, where are their opportunities? The weather is ok, not the best though. San Diego is better. As far as politics and diversity goes, That's why SF is a Lefty magnet, they thrive on hive mindedness and separated communities.
Because a lot of that media consumption is done on the go. So I would rather sit in a nice restaurant eating a good meal while surfing the Internet than I would in a cow pasture. But that’s just me. If you like small town living, who cares. I just find it strange that so many think it’s so virtuous to do so. If you don’t live in city why do you care? Could it be that city dwellers tend not to vote how you think they should? Maybe if everything wasn’t viewed through a political lens, you all could feel better about it.
FWIW you are the first person to take this in a political direction.
Well, at least in my case, the best jobs in my field tend to be located in or around population centers. Sure it costs 30% more to live there, but the jobs pay 30% more as well and there are more of them. As long as you are in a field that is competitively paid, it is always better to make more money in a high cost of living area than it is to make less money in a low cost of living area, because COL can be largely offset by things such as online shopping where you get prices that are competing against all areas.
So, for professional well compensated jobs, in a high COL area, you pay more for housing taxes etc... but you can pay roughly the same as low COL areas for much of the rest of the products you need, leading to a net increase. Not only that, you can build up retirement savings/investments based on the higher pay and then eventually take that larger amount to a low COL area when you are ready to call it quits.
If you plan on working at McDonalds then yes, it is a pretty terrible idea to try to move to some crazy high COL city...
In math terms you are better off making 150,000 and paying 70% of it on COL needs in a high COL area than you are making 100,000 and paying 70% of it in a low COL area, the raw amount left over is higher (45000 vs 30000), the eventual home resale value is higher, leaving you with more leverage and wealth in the long term especially if later in life you retire to a lower COL area.
The most important factor is actually the ratio of COL vs increases in pay scales. Looking at COL alone is only getting half the picture.
Last edited by zzzSnorlax; 10-20-2017 at 08:33 AM..
Yep. There are nutty people who live near Princeton, NJ that pay EXTRA to have a Princeton mailing address just for the optics of it. There are fake people everywhere, just peruse FB and other social media to see their pretend life in action.
I tried to find, but failed, a video of an old SNL skit where there was a zipcode change in Beverly Hills and some people would no longer be 90210. It was pretty damn funny and somewhat on point. But, I couldn't find a video of it.
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