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RomeoStevens comments on Open thread, 21-27 April 2014 - Less Wrong Discussion
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Cost of living is an overblown statistic because dumb people spend their money poorly. You can live in expensive areas on the cheap without that much effort. This isn't to say that living in the bay area isn't more expensive than many other areas, but it certainly isn't as expensive as the cost of living calculations would make it seem.
Yes, provided you're young, healthy, and childless.
What makes youth a necessary condition independent of overall health?
Mostly risk and stress tolerance.
...but also less established social ties. And less settled long-term investments (though this correlates with with risk part).