For first time since 1880s, more young Americans live with parents than partner

Re:For first time since 1880s, more young Americans live wit... by refurb on Tuesday May 24, 2016 @07:40PM (#11766510)

That's what blows me away about San Francisco. Not only are you paying 10x ($1.5M) what most people in the US pay for a house ($150K), you're getting a lot less house at the same time.

We're talking going from ~2000 sq. ft. to ~1100 sq. ft., old construction, no insulation, etc.

If you really wanted to make a comparison between equal houses, the difference is more like 20x ($3M for a similar house in the Bay Area).

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Re:For first time since 1880s, more young Americans live wit... by dionidium on Wednesday May 25, 2016 @02:39AM (#11768043)

This is exactly right and it works both ways.

If you're comparing NYC to St. Louis and desire a 60th floor apartment in a high rise, then the COL difference is infinity or mu or NAN or something. You simply can't make the comparison.

The same is true when comparing the average detached home in the Midwest to San Francisco. For most people, the answer to, "how much more would I have to make to buy the same house out there?" is "it doesn't matter, because you'll never make that much."

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