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      12-03-2019, 06:36 PM   #167

Drives: Like a bat out of hell.
Join Date: Apr 2019
Location: here and there

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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.
You are absolutely right. Living in the US offers the best bang for the buck right now. I have relatives living overseas and their house starts at a $1.5Mil to $2.5 Mil. They have 200% import taxes on their cars yet they manage to drive Bentleys and Porsches somehow. Paid cash for them too. My cousin drives a Porsche Panamara S -- $120K add 200% tax = $360K
Did I mention she paid cash for the thing?

I'm only a bit jealous.