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by dashboardfront 4221 days ago
The idea of a consumption bundle is a microeconomic theory that has a lot of evidence behind it and is generally accepted in the community. It's not really my idea.

There is no certain minimum size that you need; you simply place a lot of utility of living space as opposed to other goods up to a certain point, at which diminishing returns kick in. The amount of utility you place clearly increases as you have more family members to take care of. In the case of an intern, this is generally not an issue.

There are also other purchases besides food and transportation that do not increase; the cost of travel and vacationing, for instance. Technology generally remains the same cost throughout the US. Clothing, I'd imagine, doesn't increase too much.

> I was mainly replying to your assertion that it isn't 2-3X more expensive to live in the Bay Area than the Midwest. I'm sorry to tell you that it is.

It can be. It depends on the utility you place on sq ft as opposed to all other goods. However, it is not an axiom that one needs 3x the money to live in the Bay in order to remain at the same indifference curve level as they previously did in the Midwest.