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I'm not sure if its better that the range between average price and the upper tier is smaller like #1 SJ or if the range is extreme like #2 Miami.
From the individual's point of view, the higher spread is better since I have the choice to live somewhere cheaper in exchange for being further away from the beach, as is typically the case in South Florida. But from an overall society's point of view, it's probably better to have all homes be similarly priced. Having rich and poor people living close together (such as in the same metro area) causes more social problems than having them separate. I hate that it works that way, but for reasons I don't have the education to dissect, that's how it is.
A more telling thing would be seeing what kind of home $1 million gets you in each city/metro. $1 million will get you W-A-Y more home in Nashville and Charlotte than in The Bay Area or NYC.
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