View Single Post
      12-04-2019, 01:58 PM   #173
FuriouslyFast
Banned
United_States
809
Rep
378
Posts

Drives: Miss Daisy
Join Date: Jul 2019
Location: PA

iTrader: (0)

Garage List
Quote:
Originally Posted by Run Silent View Post
You quoted a 'VICE' article. Not exactly honest reporting, good grief.

It is a well documented fact by all financial metrics that it costs less to live in the USA today than ever in history. This is the USA as a whole, not specific pockets.

Is San Fran more expensive today than before? Yes - but even then, when you back out modern conveniences that are now considered mandatory - it isn't nearly as dramatic as one thinks it is. For places like SF, the only CPI item that really increased substantially was housing costs.

I am a licensed CPA and have spent many years calculating PPI, CPI and other metrics when dealing with M&A - I can categorically tell you that prices have not outpaced wages in America as a whole and have actually dropped when accounting for increases in lifestyle.
Really? Then why has rent cost now skyrocketed?