But that is blatantly not wealth? For a topic so humorously numerical, this entire comment is decided not.
> You want actual property, with some setbacking from your neigbors
First, not everyone wants these things, and even quality-of-life is not one size fits all. Second, this is also not what wealth is.
> You could have an indoor pool in a detached building. You could keep horses. You could have a 6 car garage. All the upgrades from the builder too. All for a song in comparison to a home a fraction of all that in the bay.
Uh, duh the midwest is cheaper than the most economically productive region in human history. Thanks for explaining.
As an ex-Cleveland resident who now lives in San Francisco, I can confidently say that these trappings are not available to most midwesterners nor Californians; neither tradesmen not high skill workers; and its also still not wealth, although it is certainly more closely correlated.
Anecdotally, you couldn't pay me to own a horse, nor do I even have use for my single car - owning 6 seems like a waste when on-demand self-driving vehicles will shuttle me effortlessly around San Francisco.
> I don't think "the data" you might cite are considering all of these factors of the lived experience
Because that's not what the words in this conversation mean.
> Maybe one or two economic indicators
That's what these it means. And they're not in the favor of a tradesman in the midwest.
> not how life actually plays out with even the half dozen or so things I've laid out above.
But what you laid out (quite condescendingly btw) is farcically not the meaning of wealth, and not the indicators of a good quality of life. I can name a long list of things that the midwest can't provide to the wealthy that are readily available to working class people in California (eg. an extra 100 days of sunlight a year). But I won't because it's obvious and not the definition of wealth.
You could have an indoor pool in a detached building. You could keep horses. You could have a 6 car garage. All the upgrades from the builder too. All for a song in comparison to a home a fraction of all that in the bay. I mean just start looking on zillow between these sorts of homes in say indiana or ohio and it is absurd the difference in cost of living. How much you'd have to pay to rent a tiny old boat on lake tahoe for the day vs buying a boat outright and even paying to winterize and store it in a yacht club on a great lake. SF country club fees vs midwest, literally exclusive fuck you old money rates vs only a couple thousand initiation fee for the same sort of course conditions and probably a nicer appointed newer constructed clubhouse in the midwest. Same is true for the private schools too, the nicest ones nationally recognized in the area can only charge so much because there's just so many people with kids and wealth in the private school market so they aren't absolutely stupid like in the bay. Even the public schools go up to bat with those in some districts.
I don't think "the data" you might cite are considering all of these factors of the lived experience. Maybe one or two economic indicators but not how life actually plays out with even the half dozen or so things I've laid out above.