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Comment by dashboardfront

Housing might very well be 2-3x (or more) expensive, but not all goods have gone up 2-3x more. This allows for an adjustment of your consumption bundle; your housing is not going to be as large, but you might have access to a greater amount of other goods. Of course, you can choose to easily make it 2-3x more expensive if you desire. Family makes this difficult because your personal indifference curve places higher utility towards space, but the parent was discussing intern salaries, who generally don't have to support families.

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