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Originally posted by KDAngel
Okay, so while we continue to stay off topic  - is there a greater earning potential there or what? Or more poverty? Like I get cost of living differs in places, but is the average yearly salary that much greater there that the homes and cost of living is kind of in direct relation to it or is it really just that much more?
Because I can get a lot here in say, NC for $250. By no means everything, but I'd be living nicely to put it simply.
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There's no land to build on. The city and county of San Francisco is on a peninsula, and I'd say up to 1/3 or the city is parks. The building is worth something, but the land is worth more. There's also the issue of units available to rent, and there aren't many. Luckily there is excellent public transportation to the East & South Bay, and north to Marin and Sonoma counties, so people buy homes where there is room to build and commute.