>> Nominal GDP per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore using a basis of GDP per capita at purchasing power parity (PPP) is arguably more useful when comparing differences in living standards between different nations. If you live in a roach infested box in California you need to be putting dollars in the bank and have an exit plan to…
You do realize that most of California is not the Bay Area, right? Also you sound pretty bitter. I never saw a roach when I lived in Mountain View, though my apartment was pretty small.
At the time of my comment, very early in the submission, all of the other comments were drawing false conclusions about what is being presented. GDP comparisons tell you nothing about the lives of the people living in those two areas being compared. My original comment was meant to point that out to an audience that may not have spent much time studying economics.