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If you know something about SF, I'm curious - on a typical assessment of that sort of house, how much of that is attributed to land, and how much to the house (2br 1300 sq ft, the sort that would sell for <$180K in a normal city in a wealthy coastal state)

Also, when people talk about the price of living in Manhattan, the obvious response is - so don't live in Manhattan. Can't you work in the Bay Area without living in SF proper?

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Almost all of the value is the land.

RE: Cost of living, I dunno, part of the reason the cost of living in SF / Manhattan is so high is that lots and lots of people make enough to be able to afford it.

About land value, of course that is what one would assume, and what is often claimed.

I thought the cost of living in Manhattan or other similar places was so high because people do other things than live there that are highly valuable. Which might be nature's way of telling you "don't live there".

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