Quote:
Originally Posted by Supz
I posted direct links to shitty houses in both areas for the same prices. Please remember, 79k pounds is 79k dollars when you are buying a house in your own respective country. Someone who makes 100k a year here and 100k there can afford the same level of things, because of the prices are not different. a 1 dollar soda here is 1 pound there.
|
No, nope. Not at all. That's like saying a soda is 1 peso in Mexico. Look at the Big Mac index for example:
http://www.economist.com/content/big-mac-index it's $4.37 in America and 2.69 pounds in the UK. Someone on 100k in the UK is substantially richer and able to purchase more in their own country than someone on 100k in the US. 37,174 Big Macs for instance instead of only 22,883 in America, making the guy on 100k in the UK about 62% richer in his own country. A 79k pounds sterling house in the UK is the equivalent of a 128k USD house in America.