It’s not all gloom and doom. “Silly” Valley values booming

[bearishgurl]

[quote=AN]Why don’t you try to compare apple to apple. EVERYTHING that you can put inside a custom home, you can put in a tract home. EVERYTHING you can do to the exterior of a custom home, you can you to a tract home. What make you think tract home only use the cheap stuff? You can’t say it cost 2-5 time more to build a custom home vs a tract home, then go on and list the finishes and upgrades that make it more expensive. By that same logic, a tract home that use higher interior/exterior finishes will cost 2-5 more than a custom home. In essence, what you’re saying is, a house that have higher end materials will cost more to build. That has nothing to do with custom vs tract but higher end taste vs lower end taste.[/quote]

AN, you also need to factor in the cost of a possible architect, design work and engineering work. Once a spec builder or developer has adopted a particular floor plan for use and built ONE of a model, the other homes of the same plan can be built identical or facing the opposite direction and/or tweaked for different lots/elevations. MANY custom homes and complete remodels were designed by architects as a one-of-a-kind property. These “design & engineering” costs can add about $25K to $200K more to the cost of construction. High-end construction details such as cantilevers and high quality wood vaulted ceilings cost an extra $75K and up. No developer would use this level of finishes in a tract.

I saw the photos of Sky Ranch Crestview and they are very handsome inside. It seems the developer tried to replicate high-end custom finishes and did a very good job, especially for the price. But these finishes are actually of a lower-quality wood, the drywall finishes are sprayed on and some design elements are fake. Still, they “look” good.

Why don’t you call a drywaller and ask him how much it costs to do a hand-troweled “mission texture” on drywall or plaster walls in a 2500 sf house. Then ask him how much “mud” it will take to do this. Then you will know why developers take the “easy way out.” :=]

AN, a prudent owner wouldn’t install EVERYTHING they actually wanted in their home unless their lot, block and tract (if applicable) was WORTH it. If they AREN’T “worth it,” an owner would be wasting their money on all these “goodies.”

[an]

BG, how do you know the stuff inside the Crestview homes are fake or of low quality from just the pictures? BTW, I think “mission texture” is ugly as sin. I wouldn’t do it even if it’s free.

Let me repeat again, why don’t you compare apple to apple with regards to similar quality. Not all custom homes have top of the line everything and not all tract homes have cheap materials. You fail to account for the fact that with tract home, home builders will want a cut of the sell of the house as well. So, although you as a buyer of a tract home don’t have to pay for “design & engineering” cost like a custom home, you have to pay the builder for the profit they want to get from each house. A buyer of such custom home don’t have to pay that cost.

Let me be clear, I know and agree that the cost of building a custom home is MORE than a tract home. However, what I’m saying is, it’s not 2-5X more than a tract home. A 7000 sq-ft single story house custom built on a 4 acre lot in the covenant of RSF cost about 3.5M-4M depending on materials. I know this because I know someone who recently built such house on such lot in the covenant of RSF. If it’s a 5X more to build such a house than comparable tract house, then you’re saying a 7000 sq-ft tract house on 4 acre would only cost $700k-$800k? I call BS on that. Even a 4000 sq-ft Stonebridge with only 1/2 – 3/4 acre goes for over $800k.

It’s probably closer to 1.5-2X the cost depending on materials used, not 2-5X the cost. If it’s 5X the cost, then a comparable custom built house to a Stonebridge house (4000-4500 sq-ft on 1/2 acre) would cost $1.7M-4.2M to build. That’s where I call BS.

[an]

BG, how do you know the stuff inside the Crestview homes are fake or of low quality from just the pictures? BTW, I think “mission texture” is ugly as sin. I wouldn’t do it even if it’s free.

Let me repeat again, why don’t you compare apple to apple with regards to similar quality. Not all custom homes have top of the line everything and not all tract homes have cheap materials. You fail to account for the fact that with tract home, home builders will want a cut of the sell of the house as well. So, although you as a buyer of a tract home don’t have to pay for “design & engineering” cost like a custom home, you have to pay the builder for the profit they want to get from each house. A buyer of such custom home don’t have to pay that cost.

Let me be clear, I know and agree that the cost of building a custom home is MORE than a tract home. However, what I’m saying is, it’s not 2-5X more than a tract home. A 7000 sq-ft single story house custom built on a 4 acre lot in the covenant of RSF cost about 3.5M-4M depending on materials. I know this because I know someone who recently built such house on such lot in the covenant of RSF. If it’s a 5X more to build such a house than comparable tract house, then you’re saying a 7000 sq-ft tract house on 4 acre would only cost $700k-$800k? I call BS on that. Even a 4000 sq-ft Stonebridge with only 1/2 – 3/4 acre goes for over $800k.

It’s probably closer to 1.5-2X the cost depending on materials used, not 2-5X the cost. If it’s 5X the cost, then a comparable custom built house to a Stonebridge house (4000-4500 sq-ft on 1/2 acre) would cost $1.7M-4.2M to build. That’s where I call BS.

[an]

BG, how do you know the stuff inside the Crestview homes are fake or of low quality from just the pictures? BTW, I think “mission texture” is ugly as sin. I wouldn’t do it even if it’s free.

Let me repeat again, why don’t you compare apple to apple with regards to similar quality. Not all custom homes have top of the line everything and not all tract homes have cheap materials. You fail to account for the fact that with tract home, home builders will want a cut of the sell of the house as well. So, although you as a buyer of a tract home don’t have to pay for “design & engineering” cost like a custom home, you have to pay the builder for the profit they want to get from each house. A buyer of such custom home don’t have to pay that cost.

Let me be clear, I know and agree that the cost of building a custom home is MORE than a tract home. However, what I’m saying is, it’s not 2-5X more than a tract home. A 7000 sq-ft single story house custom built on a 4 acre lot in the covenant of RSF cost about 3.5M-4M depending on materials. I know this because I know someone who recently built such house on such lot in the covenant of RSF. If it’s a 5X more to build such a house than comparable tract house, then you’re saying a 7000 sq-ft tract house on 4 acre would only cost $700k-$800k? I call BS on that. Even a 4000 sq-ft Stonebridge with only 1/2 – 3/4 acre goes for over $800k.

It’s probably closer to 1.5-2X the cost depending on materials used, not 2-5X the cost. If it’s 5X the cost, then a comparable custom built house to a Stonebridge house (4000-4500 sq-ft on 1/2 acre) would cost $1.7M-4.2M to build. That’s where I call BS.

[an]

BG, how do you know the stuff inside the Crestview homes are fake or of low quality from just the pictures? BTW, I think “mission texture” is ugly as sin. I wouldn’t do it even if it’s free.

Let me repeat again, why don’t you compare apple to apple with regards to similar quality. Not all custom homes have top of the line everything and not all tract homes have cheap materials. You fail to account for the fact that with tract home, home builders will want a cut of the sell of the house as well. So, although you as a buyer of a tract home don’t have to pay for “design & engineering” cost like a custom home, you have to pay the builder for the profit they want to get from each house. A buyer of such custom home don’t have to pay that cost.

Let me be clear, I know and agree that the cost of building a custom home is MORE than a tract home. However, what I’m saying is, it’s not 2-5X more than a tract home. A 7000 sq-ft single story house custom built on a 4 acre lot in the covenant of RSF cost about 3.5M-4M depending on materials. I know this because I know someone who recently built such house on such lot in the covenant of RSF. If it’s a 5X more to build such a house than comparable tract house, then you’re saying a 7000 sq-ft tract house on 4 acre would only cost $700k-$800k? I call BS on that. Even a 4000 sq-ft Stonebridge with only 1/2 – 3/4 acre goes for over $800k.

It’s probably closer to 1.5-2X the cost depending on materials used, not 2-5X the cost. If it’s 5X the cost, then a comparable custom built house to a Stonebridge house (4000-4500 sq-ft on 1/2 acre) would cost $1.7M-4.2M to build. That’s where I call BS.

[an]

BG, how do you know the stuff inside the Crestview homes are fake or of low quality from just the pictures? BTW, I think “mission texture” is ugly as sin. I wouldn’t do it even if it’s free.

Let me repeat again, why don’t you compare apple to apple with regards to similar quality. Not all custom homes have top of the line everything and not all tract homes have cheap materials. You fail to account for the fact that with tract home, home builders will want a cut of the sell of the house as well. So, although you as a buyer of a tract home don’t have to pay for “design & engineering” cost like a custom home, you have to pay the builder for the profit they want to get from each house. A buyer of such custom home don’t have to pay that cost.

Let me be clear, I know and agree that the cost of building a custom home is MORE than a tract home. However, what I’m saying is, it’s not 2-5X more than a tract home. A 7000 sq-ft single story house custom built on a 4 acre lot in the covenant of RSF cost about 3.5M-4M depending on materials. I know this because I know someone who recently built such house on such lot in the covenant of RSF. If it’s a 5X more to build such a house than comparable tract house, then you’re saying a 7000 sq-ft tract house on 4 acre would only cost $700k-$800k? I call BS on that. Even a 4000 sq-ft Stonebridge with only 1/2 – 3/4 acre goes for over $800k.

It’s probably closer to 1.5-2X the cost depending on materials used, not 2-5X the cost. If it’s 5X the cost, then a comparable custom built house to a Stonebridge house (4000-4500 sq-ft on 1/2 acre) would cost $1.7M-4.2M to build. That’s where I call BS.

[bearishgurl]

[quote=AN][quote=Nor-LA-SD-GUY2]Hmm, really not prepared to price it out for you, but Please try to buy a mountain top, haul utilities 500 yards or more, then blast the solid rock top off the mountain, and create a 1 acre pad, then get all the permits and after all that find a contractor (looking probably at 300 to 400K just to get that far, then find someone to build you a just plain home for less than 200 sqf.

Anyway goof luck.[/quote]
Does all custom homes require an undeveloped mountain top that require you to haul utilities up it and blasting solid rock top off the mountain? BTW, in this extreme scenario, I agree that it would cost you a lot to do that.

Since there’s no undeveloped mountain top in San Diego, if you want to do such thing, you’ll probably have to go east. There’s a development in Sky Ranch in Santee that basically have the same type of location you’re talking about, but the lot are around 1/4-1/2 acre, not 1 acre. It’s CrestView development sells their 2400 sq-ft plan for ~$500k. So, assuming it cost a little less than $300k for a smaller pad + $200/sq-ft for a 2400 sq-ft house, the max cost for such custom home would be no more than $780k for similar quality. 60% more that comparable tract home, but it’s a far cry from 2-5 times more.

Here’s another new tract w/ similar spec you stated” http://www.theranchatvistagrande.com/home.php. On a hill (not quite mountain), 1+ acre lot, 3700 sq-ft in El Cajon. They’re asking for mid $700k to start. Assuming $400k to develop the land and add utility + $200 sq-ft for to build such house, we’re talking about $1.1M. That’s ~50% higher than comparable tract home, but it’s a far cry from a 2-5 times more.

BTW, $200/sq-ft to build a full house give you a pretty nice house. I recently just got a quote to do a bathroom + bedroom addition and the contractor estimate ~$150/sq-ft (because of the bathroom). If there’s no bathroom and just a big bedroom (same sq-ft), the estimate would be $100 sq-ft. Since the majority of a house is the bedroom/living room, the cost of those should be closer to $100 sq-ft than $150 sq-ft.[/quote]

AN, that’s a very nice one-story tract in El Cajon 92019, situated in a very good area with GREAT schools!

Yes, developers haul in utilities ONCE for a tract and then pipe from there. A individual who is building a custom home in a semi-rural/rural area would have to haul them in for the same price for ONE unit as it costs the developer for dozens of units, so the developer benefits from “economies of scale.” In addition, you forgot to add in the extortion fee of about $7K per SFR from the MWD (Metropolitan Water District) just to bring water to the curb and “set” a meter. This fee applies to builders and individual landowners alike.

AN, if you don’t mind my asking, if you decide to add a bed/bath addition to your home, can you recover this cost upon sale?

[bearishgurl]

[quote=AN][quote=Nor-LA-SD-GUY2]Hmm, really not prepared to price it out for you, but Please try to buy a mountain top, haul utilities 500 yards or more, then blast the solid rock top off the mountain, and create a 1 acre pad, then get all the permits and after all that find a contractor (looking probably at 300 to 400K just to get that far, then find someone to build you a just plain home for less than 200 sqf.

Anyway goof luck.[/quote]
Does all custom homes require an undeveloped mountain top that require you to haul utilities up it and blasting solid rock top off the mountain? BTW, in this extreme scenario, I agree that it would cost you a lot to do that.

Since there’s no undeveloped mountain top in San Diego, if you want to do such thing, you’ll probably have to go east. There’s a development in Sky Ranch in Santee that basically have the same type of location you’re talking about, but the lot are around 1/4-1/2 acre, not 1 acre. It’s CrestView development sells their 2400 sq-ft plan for ~$500k. So, assuming it cost a little less than $300k for a smaller pad + $200/sq-ft for a 2400 sq-ft house, the max cost for such custom home would be no more than $780k for similar quality. 60% more that comparable tract home, but it’s a far cry from 2-5 times more.

Here’s another new tract w/ similar spec you stated” http://www.theranchatvistagrande.com/home.php. On a hill (not quite mountain), 1+ acre lot, 3700 sq-ft in El Cajon. They’re asking for mid $700k to start. Assuming $400k to develop the land and add utility + $200 sq-ft for to build such house, we’re talking about $1.1M. That’s ~50% higher than comparable tract home, but it’s a far cry from a 2-5 times more.

BTW, $200/sq-ft to build a full house give you a pretty nice house. I recently just got a quote to do a bathroom + bedroom addition and the contractor estimate ~$150/sq-ft (because of the bathroom). If there’s no bathroom and just a big bedroom (same sq-ft), the estimate would be $100 sq-ft. Since the majority of a house is the bedroom/living room, the cost of those should be closer to $100 sq-ft than $150 sq-ft.[/quote]

AN, that’s a very nice one-story tract in El Cajon 92019, situated in a very good area with GREAT schools!

Yes, developers haul in utilities ONCE for a tract and then pipe from there. A individual who is building a custom home in a semi-rural/rural area would have to haul them in for the same price for ONE unit as it costs the developer for dozens of units, so the developer benefits from “economies of scale.” In addition, you forgot to add in the extortion fee of about $7K per SFR from the MWD (Metropolitan Water District) just to bring water to the curb and “set” a meter. This fee applies to builders and individual landowners alike.

AN, if you don’t mind my asking, if you decide to add a bed/bath addition to your home, can you recover this cost upon sale?

[bearishgurl]

[quote=AN][quote=Nor-LA-SD-GUY2]Hmm, really not prepared to price it out for you, but Please try to buy a mountain top, haul utilities 500 yards or more, then blast the solid rock top off the mountain, and create a 1 acre pad, then get all the permits and after all that find a contractor (looking probably at 300 to 400K just to get that far, then find someone to build you a just plain home for less than 200 sqf.

Anyway goof luck.[/quote]
Does all custom homes require an undeveloped mountain top that require you to haul utilities up it and blasting solid rock top off the mountain? BTW, in this extreme scenario, I agree that it would cost you a lot to do that.

Since there’s no undeveloped mountain top in San Diego, if you want to do such thing, you’ll probably have to go east. There’s a development in Sky Ranch in Santee that basically have the same type of location you’re talking about, but the lot are around 1/4-1/2 acre, not 1 acre. It’s CrestView development sells their 2400 sq-ft plan for ~$500k. So, assuming it cost a little less than $300k for a smaller pad + $200/sq-ft for a 2400 sq-ft house, the max cost for such custom home would be no more than $780k for similar quality. 60% more that comparable tract home, but it’s a far cry from 2-5 times more.

Here’s another new tract w/ similar spec you stated” http://www.theranchatvistagrande.com/home.php. On a hill (not quite mountain), 1+ acre lot, 3700 sq-ft in El Cajon. They’re asking for mid $700k to start. Assuming $400k to develop the land and add utility + $200 sq-ft for to build such house, we’re talking about $1.1M. That’s ~50% higher than comparable tract home, but it’s a far cry from a 2-5 times more.

BTW, $200/sq-ft to build a full house give you a pretty nice house. I recently just got a quote to do a bathroom + bedroom addition and the contractor estimate ~$150/sq-ft (because of the bathroom). If there’s no bathroom and just a big bedroom (same sq-ft), the estimate would be $100 sq-ft. Since the majority of a house is the bedroom/living room, the cost of those should be closer to $100 sq-ft than $150 sq-ft.[/quote]

AN, that’s a very nice one-story tract in El Cajon 92019, situated in a very good area with GREAT schools!

Yes, developers haul in utilities ONCE for a tract and then pipe from there. A individual who is building a custom home in a semi-rural/rural area would have to haul them in for the same price for ONE unit as it costs the developer for dozens of units, so the developer benefits from “economies of scale.” In addition, you forgot to add in the extortion fee of about $7K per SFR from the MWD (Metropolitan Water District) just to bring water to the curb and “set” a meter. This fee applies to builders and individual landowners alike.

AN, if you don’t mind my asking, if you decide to add a bed/bath addition to your home, can you recover this cost upon sale?

[bearishgurl]

[quote=AN][quote=Nor-LA-SD-GUY2]Hmm, really not prepared to price it out for you, but Please try to buy a mountain top, haul utilities 500 yards or more, then blast the solid rock top off the mountain, and create a 1 acre pad, then get all the permits and after all that find a contractor (looking probably at 300 to 400K just to get that far, then find someone to build you a just plain home for less than 200 sqf.

Anyway goof luck.[/quote]
Does all custom homes require an undeveloped mountain top that require you to haul utilities up it and blasting solid rock top off the mountain? BTW, in this extreme scenario, I agree that it would cost you a lot to do that.

Since there’s no undeveloped mountain top in San Diego, if you want to do such thing, you’ll probably have to go east. There’s a development in Sky Ranch in Santee that basically have the same type of location you’re talking about, but the lot are around 1/4-1/2 acre, not 1 acre. It’s CrestView development sells their 2400 sq-ft plan for ~$500k. So, assuming it cost a little less than $300k for a smaller pad + $200/sq-ft for a 2400 sq-ft house, the max cost for such custom home would be no more than $780k for similar quality. 60% more that comparable tract home, but it’s a far cry from 2-5 times more.

Here’s another new tract w/ similar spec you stated” http://www.theranchatvistagrande.com/home.php. On a hill (not quite mountain), 1+ acre lot, 3700 sq-ft in El Cajon. They’re asking for mid $700k to start. Assuming $400k to develop the land and add utility + $200 sq-ft for to build such house, we’re talking about $1.1M. That’s ~50% higher than comparable tract home, but it’s a far cry from a 2-5 times more.

BTW, $200/sq-ft to build a full house give you a pretty nice house. I recently just got a quote to do a bathroom + bedroom addition and the contractor estimate ~$150/sq-ft (because of the bathroom). If there’s no bathroom and just a big bedroom (same sq-ft), the estimate would be $100 sq-ft. Since the majority of a house is the bedroom/living room, the cost of those should be closer to $100 sq-ft than $150 sq-ft.[/quote]

AN, that’s a very nice one-story tract in El Cajon 92019, situated in a very good area with GREAT schools!

Yes, developers haul in utilities ONCE for a tract and then pipe from there. A individual who is building a custom home in a semi-rural/rural area would have to haul them in for the same price for ONE unit as it costs the developer for dozens of units, so the developer benefits from “economies of scale.” In addition, you forgot to add in the extortion fee of about $7K per SFR from the MWD (Metropolitan Water District) just to bring water to the curb and “set” a meter. This fee applies to builders and individual landowners alike.

AN, if you don’t mind my asking, if you decide to add a bed/bath addition to your home, can you recover this cost upon sale?

[bearishgurl]

[quote=AN][quote=Nor-LA-SD-GUY2]Hmm, really not prepared to price it out for you, but Please try to buy a mountain top, haul utilities 500 yards or more, then blast the solid rock top off the mountain, and create a 1 acre pad, then get all the permits and after all that find a contractor (looking probably at 300 to 400K just to get that far, then find someone to build you a just plain home for less than 200 sqf.

Anyway goof luck.[/quote]
Does all custom homes require an undeveloped mountain top that require you to haul utilities up it and blasting solid rock top off the mountain? BTW, in this extreme scenario, I agree that it would cost you a lot to do that.

Since there’s no undeveloped mountain top in San Diego, if you want to do such thing, you’ll probably have to go east. There’s a development in Sky Ranch in Santee that basically have the same type of location you’re talking about, but the lot are around 1/4-1/2 acre, not 1 acre. It’s CrestView development sells their 2400 sq-ft plan for ~$500k. So, assuming it cost a little less than $300k for a smaller pad + $200/sq-ft for a 2400 sq-ft house, the max cost for such custom home would be no more than $780k for similar quality. 60% more that comparable tract home, but it’s a far cry from 2-5 times more.

Here’s another new tract w/ similar spec you stated” http://www.theranchatvistagrande.com/home.php. On a hill (not quite mountain), 1+ acre lot, 3700 sq-ft in El Cajon. They’re asking for mid $700k to start. Assuming $400k to develop the land and add utility + $200 sq-ft for to build such house, we’re talking about $1.1M. That’s ~50% higher than comparable tract home, but it’s a far cry from a 2-5 times more.

BTW, $200/sq-ft to build a full house give you a pretty nice house. I recently just got a quote to do a bathroom + bedroom addition and the contractor estimate ~$150/sq-ft (because of the bathroom). If there’s no bathroom and just a big bedroom (same sq-ft), the estimate would be $100 sq-ft. Since the majority of a house is the bedroom/living room, the cost of those should be closer to $100 sq-ft than $150 sq-ft.[/quote]

AN, that’s a very nice one-story tract in El Cajon 92019, situated in a very good area with GREAT schools!

Yes, developers haul in utilities ONCE for a tract and then pipe from there. A individual who is building a custom home in a semi-rural/rural area would have to haul them in for the same price for ONE unit as it costs the developer for dozens of units, so the developer benefits from “economies of scale.” In addition, you forgot to add in the extortion fee of about $7K per SFR from the MWD (Metropolitan Water District) just to bring water to the curb and “set” a meter. This fee applies to builders and individual landowners alike.

AN, if you don’t mind my asking, if you decide to add a bed/bath addition to your home, can you recover this cost upon sale?

[briansd1]

[quote=bearishgurl]
brian, consider that your “means” in Silly Valley may very well be much higher than SD. Therefore, it’s all relative, except for the “worker worth” factor. If you’re paid 20-50% higher than SD area for the same job in Silly Valley and later decide to accept a job in NC’s “research triangle,” (east coast) your “worth” is equal to what you are currently being paid (+ a possible percentage over that). That’s what they’ll have to pay to have you grace their presence. It is what it is.

Think about it.[/quote]

True, that only works for a minority. For the majority, in high cost areas, they have to contend with a lower standard of living.

I have a friend in NYC who got a PhD from NYU. His requirements for a job was in NYC, Los Angeles or SF. He would not live anywhere else, so he accepted a job at a small university in NYC. His means are definitely not higher in NYC.

[briansd1]

[quote=bearishgurl]
brian, consider that your “means” in Silly Valley may very well be much higher than SD. Therefore, it’s all relative, except for the “worker worth” factor. If you’re paid 20-50% higher than SD area for the same job in Silly Valley and later decide to accept a job in NC’s “research triangle,” (east coast) your “worth” is equal to what you are currently being paid (+ a possible percentage over that). That’s what they’ll have to pay to have you grace their presence. It is what it is.

Think about it.[/quote]

True, that only works for a minority. For the majority, in high cost areas, they have to contend with a lower standard of living.

I have a friend in NYC who got a PhD from NYU. His requirements for a job was in NYC, Los Angeles or SF. He would not live anywhere else, so he accepted a job at a small university in NYC. His means are definitely not higher in NYC.

[briansd1]

[quote=bearishgurl]
brian, consider that your “means” in Silly Valley may very well be much higher than SD. Therefore, it’s all relative, except for the “worker worth” factor. If you’re paid 20-50% higher than SD area for the same job in Silly Valley and later decide to accept a job in NC’s “research triangle,” (east coast) your “worth” is equal to what you are currently being paid (+ a possible percentage over that). That’s what they’ll have to pay to have you grace their presence. It is what it is.

Think about it.[/quote]

True, that only works for a minority. For the majority, in high cost areas, they have to contend with a lower standard of living.

I have a friend in NYC who got a PhD from NYU. His requirements for a job was in NYC, Los Angeles or SF. He would not live anywhere else, so he accepted a job at a small university in NYC. His means are definitely not higher in NYC.

[briansd1]

[quote=bearishgurl]
brian, consider that your “means” in Silly Valley may very well be much higher than SD. Therefore, it’s all relative, except for the “worker worth” factor. If you’re paid 20-50% higher than SD area for the same job in Silly Valley and later decide to accept a job in NC’s “research triangle,” (east coast) your “worth” is equal to what you are currently being paid (+ a possible percentage over that). That’s what they’ll have to pay to have you grace their presence. It is what it is.

Think about it.[/quote]

True, that only works for a minority. For the majority, in high cost areas, they have to contend with a lower standard of living.

I have a friend in NYC who got a PhD from NYU. His requirements for a job was in NYC, Los Angeles or SF. He would not live anywhere else, so he accepted a job at a small university in NYC. His means are definitely not higher in NYC.

[Author]

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