But if you plan to vacation, buy a car, a TV or whatever, leave the money alone!  

I work with Merchants Bank (Rosemount or Apple Valley).

Turn on the TV and it's there.

I’m sure the fixed cost of running an apartment in NYC is high, you have a moratorium on evictions, a governor threatening civil war in a state telling citizens not to pay rent, and talking for 2 hours a day on national tv about how to make pasta.

@Brittany Minger technology exists that allow people to stream and view from a tablet or cellphone onto a tv .

So that's an apples to oranges comparison.

You could put 200k in a high yield savings account (saw something yesterday on TV that was FDIC insured with 2.5% - 3% annual return) and basically end up in the same place with cash return.

For some, it's worth it (maybe you would otherwise be watching TV or feeling un-productive).

We have already seen companies like Apple and Amazon open campuses in other cities to attract talent and reduce expenses.Of course there are other reasons people choose to live where they live such as weather, cultural, family and friends, etc.

That way you have an apples to apples comparison of the prices and you are getting everything done that you wanted done.