Compare the housing costs of London to the housing costs of San Francisco and then swap out those Bay Area salaries with your “slightly above Mississippi” wages and you’ll see why London looks so broken to people used to LA/SF/NY.
San Francisco is much much more expensive, I'm not sure why that means London is "broken". It's just got a different economic dynamic.
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Compare the housing costs of London to the housing costs of San Francisco and then swap out those Bay Area salaries with your “slightly above Mississippi” wages and you’ll see why London looks so broken to people used to LA/SF/NY.