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On Thu, 3 Nov 2005, Michael wrote:
As long as you add the different variables in dollars and not in
indivual comparisons it shouldn't matter what portion of your expenses
each is. If it takes $2000 a month to live in Missouri and $6000 in
California it really doesn't matter what percentage of that is food so
much as the total needed.
If you are a renter, not a home owner, that's probably correct.
For home owners it becomes much more complicated. The bulk of "cost" of
living is in home ownership, but what is the "cost" there? Should it be
mortgage payments? Only the interest part of mortgage payments?
Interest minus the average annual increase in equity? I think they
probably compute based on interest payments, but I'm not sure.
Mike
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