ST Alpha - "I get it. The point is that it's difficult to compare people from the two markets as the same." (Reading a Post)

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In response to "With cost of living, the wages are much higher, and the cost of everything is higher." by Inigo

I get it. The point is that it's difficult to compare people from the two markets as the same.

Posted by volnelk Dec 18 '17, 05:25

To say that someone that lives in Ohio and makes 45k a year and someone that lives in LA and makes 145k are in the same group is difficult.

I get that relative to their surroundings, it's similar, but it still isn't the same, because they aren't always in their surroundings.

For example, each of those people could price out a $1000 vacation, and to one, it's very reasonable and to the other, it represents a significant cost. The vacation costs the same for both, even though their rent/mortgages will be different.

Responses:

Which with your example inside that might make the one Ohio person lower middle class while the LA person might be upper middle. -- (edited) - Inigo Dec 18, 05:29
they may or may not. In my Halifax/Vancouver comparison, we'd be spending most of our available income on housing with no room for vacations - Reagen Dec 18, 05:28
Thank you for explaining this better than I am. -- nm - Strongbad Dec 18, 05:26 1
- Even if I do accept your premise (which I do not - two can play at this game, wheeee!) - Reagen Dec 18, 05:30

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I get it. The point is that it's difficult to compare people from the two markets as the same.

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