There are also certain limits required by law (e.g., the implied warranty of habitability) or by market conditions (e.g., even if you were willing to live in $100/mo housing, no one may be interested in selling it in your area). I think that’s something the purchasing power parity calculations can miss in this context.
There are also certain limits required by law (e.g., the implied warranty of habitability) or by market conditions (e.g., even if you were willing to live in $100/mo housing, no one may be interested in selling it in your area). I think that’s something the purchasing power parity calculations can miss in this context.