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A comment on How People Get Rich Now. Parent comment

Re:How People Get Rich Now by bufordtwain on Monday April 12, 2021 @01:03PM (#26781936)
Inflation measurements should be tied to location because housing costs vary dramatically and are a huge proportion of expenditure for most people.
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Re:How People Get Rich Now by whimsicalism on Monday April 12, 2021 @01:49PM (#26782611)
At the same time, differing costs of living reflect differing values.

The reason the Bay Area is so much more expensive than Tulsa, Oklahoma is because many people would much prefer to live in the Bay. Adjusting completely for COL ignores the reality that living in the Bay is, to some extent, a luxury.

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