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Originally Posted by FuriouslyFast
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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.