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Originally Posted by Obadno
You are strawmanning his argument.
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No, that's his entire argument. Incomes are magically higher if you house is worth less.
Quote:
Originally Posted by Obadno
I would need to make more than double what I earn in Arizona to live a compartive lifestyle in most of California.
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But that makes no sense. Arizona is much less desirable than California, so obviously you pay less for housing in less desirable areas. That doesn't mean you're poorer. You have no ocean, no gorgeous coast, no nice climate, no progressive culture, no well funded schools, much worse job market, etc. so obviously you pay less.
You would need to make more than double what you earn in Glendale to live a comparative lifestyle in Scottsdale. That doesn't mean you're richer in Glendale. You need to make double to live in the exact same house in Corona del Mar as opposed to Irvine. That doesn't mean Irvine is richer; it just means CDM is more desirable.