That’s likely the case for people who are renting and having to take out enormous mortgages so is draining all their income.
But, for someone who got a home fully paid from decades back, so all they have is general expenses they would be comfortable. Which is the case for anywhere even if things are more expensive then other places.
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120k in silion valley in particular is barely a livable wage. CoL is incredibly high there.
He probably owns his property already, so that’s a huge chunk, but the point still stands.
That’s likely the case for people who are renting and having to take out enormous mortgages so is draining all their income.
But, for someone who got a home fully paid from decades back, so all they have is general expenses they would be comfortable. Which is the case for anywhere even if things are more expensive then other places.