Earlier quoted context omitted.
If you want your comparison to be equally valid wherever you make it, you have to use the same basket of goods everywhere you go. Otherwise, I can't tell whether you are comparing apples to oranges or pears to grapefruit. When I look at the numbers for that basket of goods that I currently consume, and price it out for San Francisco, I find that it is completely unattainable for anything less than 3 times what I curr…
I agree that there's a big transparency benefit to using the same basket everywhere, but I don't think that actually gives the most realistic answer. Imagine that every day, for every meal, you eat spaghetti carbonara. You'd be almost as happy eating linguine with pesto, but you happen to have a slight preference for spaghetti carbonara. Now you move somewhere else where, for whatever reason, spaghetti is 100x the pr…
You obviously didn't own a house in the US about 5-6 years ago...