Nyc Price Proposal: Fill & Download for Free

As of today, it is almost certainly not viable. The primary roadblock is the NYS Assembly, which declined to even vote on a much less radical congestion pricing proposal in 2008.http://cityroom.blogs.nytimes.com/2008/04/07/congestion-pricing-plan-is-dead-assembly-speaker-says/http://en.wikipedia.org/wiki/New_York_congestion_pricing#Bloomberg.27s_2008_proposal

People complain that tech is ruining the Bay Area by driving up housing prices, but it's local NIMBYism that's really the problem.New York City is 58% more dense than SF.[1][1][1][1] Yet the median price of a house in NYC is $386,000 while in SF it's $815,000 - more than twice as expensive.[2][2][2][2] This tells you that San Francisco isn't using its land very efficiently.The reason is a combination of a bureaucratic permitting nightmare[3][3][3][3] and explicit density limitations.[4][4][4][4] For example, in many places buildings are limited to the height of existing structures, which is often only two stories. It's not rocket science: try to fit more people into the same number of houses and the price will go up.I guess you could argue that people shouldn't be allowed to move to SF. But that's a recipe for destroying the economy and nobody has proposed it.Footnotes[1] List of United States cities by population density - Wikipedia[1] List of United States cities by population density - Wikipedia[1] List of United States cities by population density - Wikipedia[1] List of United States cities by population density - Wikipedia[2] The 15 most expensive places to buy a home in the US[2] The 15 most expensive places to buy a home in the US[2] The 15 most expensive places to buy a home in the US[2] The 15 most expensive places to buy a home in the US[3] https://www.bizjournals.com/sanfrancisco/news/2018/01/24/sf-construction-costs-2nd-highest-housing-crisis.html[3] https://www.bizjournals.com/sanfrancisco/news/2018/01/24/sf-construction-costs-2nd-highest-housing-crisis.html[3] https://www.bizjournals.com/sanfrancisco/news/2018/01/24/sf-construction-costs-2nd-highest-housing-crisis.html[3] https://www.bizjournals.com/sanfrancisco/news/2018/01/24/sf-construction-costs-2nd-highest-housing-crisis.html[4] San Francisco Is Great-They Should Make More of It[4] San Francisco Is Great-They Should Make More of It[4] San Francisco Is Great-They Should Make More of It[4] San Francisco Is Great-They Should Make More of It

How is the “salary abroad higher than in India”?If you take into account just the numerical salaries in the local currencies, Indian salaries are higher than the ones in developed countries.A person might be earning 10,00,000 (₹) in India, but “only” 70,000 ($), or 60,000 (€) in US or UK.“But you can’t just compare two financial values in different currencies”, you say?“Fair enough!”“But how do you convert them to make them comparative?”“It’s easy silly - just use the current exchange rate. $1 = ₹67, and €1 = ₹80; and hence, the person is earning ₹10,00,000 in India, ₹46,90,000 in US, and ₹48,00,000. Hence the question!”This is the normal way people (especially in India) convert foreign salaries. This is also one of the favorite pieces used by Indian engineering colleges and B-schools, and the media to come up with sensationalized headlines like “21 year old graduate from IIT-B bags INR 2 Crore salary.”However, everyone forgets, either due to ignorance or intentionally that when you are abroad and earning in the local economy, you are also spending in the local economy.And $1 in US will not fetch you the same set of products or services as ₹67 will in India. For such purposes, it is better to use, instead of the currency exchange rate, a more appropriate index called the PPP (Purchasing Power Parity). PPP measures the amount of currency in one country that will fetch the same amount of resources in another.There is no single measure here, but a set of various indices proposed, the most popular being The Big Mac index . McDonald’s sources raw material locally and produces their macs and other items locally and sells them locally. It is a very lean organization with highly standardized processes.Currently the Indian Rupee is “under-valued” as compared to the US Dollar by about 50%. That means that $1 is not worth ₹67, but closer to 33–34.However, the Big Mac index too is quite simplistic and only considers a single item and its price for comparison. That item too being something that is subject to corporate pricing policy.A more inclusive index is maintained by the OECD and considers a “basket of goods” that is representative of the overall economy in terms of purchases, taxes etc. According to the same, the USDINR exchange rate (in PPP terms) as of 2018 is closer to 18.So that $70,000 salary is more like ₹13,50,000.P.S. Even PPP indices are aggregate for countries and fail to address the wide disparity within nations.For example, in US, the cost of living in Texas is going to be substantially lower than that in NYC. In India, Mumbai is 3-4x costlier than other metros in terms of property prices and rentals. As such, a salary of 10lpa in Mumbai will be similar to 6–7lpa in another big city like Pune.