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77bagels77 t1_is15pgd wrote

>When I lived in San Francisco I was chatting with a venture capitalist who invested in consumer brands. I mentioned that Peloton had set up a display in an upscale mall in suburban Cincinnati, where I grew up. He was shocked, and said “Wow — that shows you how hard growth is to come by these days, that they are trying to sell Pelotons in a place like Cincinnati.”

This kind of thinking always blows my mind.

I've been to NYC a few times, and I cannot understand the appeal at all. Expensive, cramped, dirty housing. Garbage everywhere. Horrible traffic, and grimy subways. Really expensive cocktails.

You can find a decent bar in any city in the world. I don't get the appeal of New York.

I mean, it's okay to visit there occasionally and see a show or something, but I'd never, ever want to actually live there.

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azucarleta t1_is1kfnd wrote

I don't understand what your comment has to do with the quote. Disposable income is across the board lower in communities with lower costs of living. People who live in higher cost of living communities have more disposible income overall, whether or not it is more or less income relative to cost of living.

Going to Disneyland or buying a Peloton is essentially cheaper for an average New Yorker (where even restaurant servers may earn $75/k per year) than Cincinattian.

I grew up in low wage middle America. As long as we lived, worked and played in our low cost community, we were well off. But take our puny wage into the global market and we were very poor.

Therefore, I think you and the author misunderstand the point about "growth" this coasty elite is making.

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waitingforgoodoh OP t1_is1wi1k wrote

I live in New York now and love it! There are wonderful things to do all the time and all kinds of interesting people to meet.

But, there are neighborhoods in Cincinnati and many other cities that feel similar, and there are sophisticated and wealthy consumers all over america.

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