Based on comparisons to London, Paris, Hong Kong, Tokyo and Singapore, we can rule out (market) wages and density. @MarketUrbanism suggests exceedingly unprodu

Based on comparisons to London, Paris, Hong Kong, Tokyo and Singapore, we can rule out (market) wages and density. @MarketUrbanism suggests exceedingly unproductive construction techniques requiring 4x the amount of workers in the rest of the world (caused by union capture of local politics) play a role. https://twitter.com/MarketUrbanism/status/639445006084886529 https://twitter.com/MarketUrbanism/status/639445006084886529 https://twitter.com/MarketUrbanism/status/639445006084886529 https://twitter.com/MarketUrbanism/status/639445006084886529 https://twitter.com/MarketUrbanism/status/639265131885686784 https://twitter.com/MarketUrbanism/status/639265131885686784 http://www.jacobssf.com/images/uploads/09_Thapa_Caldecott_RETC.pdf http://www.jacobssf.com/images/uploads/09_Thapa_Caldecott_RE... Apparently the MTA also spends money to avoid having to cooperate with NJ: https://twitter.com/MarketUrbanism/status/638356461538684928 https://twitter.com/MarketUrbanism/status/638356461538684928