I don't know what you are smoking but that thing must be pretty strong.
Hangzhou is horrible place to live, if you check the PM2.5 of Jan and Feb 2025, a total of 5 days had PM2.5 readings below 75. That causes China to have the highest rate of lung cancer in the entire world. Interestingly, this is suddenly not even considered as "QoL".
Your entire argument that people on wages 10x to 20x times of the local average are still being priced out of the city should just buy into places further 400km out is the exact proof that there is no QoL whatsoever. Why should any "AI leader" be forced to buy in a city 400km away from his workplace if the whole propaganda is about QoL.
Smoking less good stuff than you - there's countries with way higher per capita lung cancer rates. PRC ASR higher than US, but skewed only because men smoke like chimney. Female lung cancer ASR is same as US. Not to mention life expectancy recently passed US... interestingly, this suddently not even considered as indicator for "QoL" blah blah.
Hangzhous a great place to live. Most PRC T1 cities are (well BJ boring)... if you have money. AQI is fine, it's like ~100 average... which is moderate, aka barely perceptible vs 20 years ago when urban AQI was like 200-500, i.e. actual struggle to breathe tier bad. ~100 is like bad day in Toronto, AKA it's fucking nothing.
Who gives a shit about locals average. Let's not pretend average bay area tech workers can afford nice local property. This thread is on elite earners, i.e. >2M RMB / ~300k USD per year . Of course they can afford obscene T1 property if they want to grind. But they have many great options if they chose not to. I'm merely illustrating high earners have obscenely high QoL urban easy mode if they wanted it. Like you're not going to find many countries in this world where 400k USD buys you a nice 150sqm / 3br / 2bath apartment in a nice district of a ~10m+ large modern city with world class infra and stupid cheap daily costs that one can likely retire after a few years. Oh while being surrounded in home cultural and not be treated as 2nd class citizen (if anything treated as elite).
Family friend at has this setup working at one of the giants, had nice housing allowance as part of total compensation (~3000 usd per month) where he lived downtown in nice T1 city for free, bought a sweet villa in a T2 city with ~2 years of savings (got a few million RMB of interest free housing loan from company)... it's what he chose instead of the T1 RE, which was attainable but a grind. In the meantime he's basically living for free. Like what's his comparable option in the states? Spend $6000 USD per month on rent around SF and then fuck off to pittsburgh, cleveland, buffalo, kansas etc with their 300k homes, and 2 million population that's worse than a T3 city where he's treated like a foreigner and have to deal with shit tier urban decay on the regular. Maybe if he likes SUVs and big yards. Austin also nice too.
TLDR it's batshit insane to think a high earner don't have a lot of very nice options in PRC especially once you throw in cost of living where that 300k stretches to 600-900k depending on where you go.
Hangzhou is horrible place to live, if you check the PM2.5 of Jan and Feb 2025, a total of 5 days had PM2.5 readings below 75. That causes China to have the highest rate of lung cancer in the entire world. Interestingly, this is suddenly not even considered as "QoL".
Your entire argument that people on wages 10x to 20x times of the local average are still being priced out of the city should just buy into places further 400km out is the exact proof that there is no QoL whatsoever. Why should any "AI leader" be forced to buy in a city 400km away from his workplace if the whole propaganda is about QoL.