1: Necessary service industries like healthcare and higher education cannot be easily replaced with alternatives for the same price point. There's a reason few

1: Necessary service industries like healthcare and higher education cannot be easily replaced with alternatives for the same price point. There's a reason few people choose to go to SUNY Binghamton while many others fight tooth-and-nail to get into Cornell. Likewise, if you need a medical procedure done and are in pain/discomfort, are you really gonna go for the cheaper option? 2: Real estate is a highly regulated industry and the costs of which are baked into nearly every facet of every local economy. It affects the price of food, haircuts, tax consulting, name it, when those businesses are affected by the rents, which are largely affected by property taxes, which are affected by the local economy...it's a tough cycle, one that cannot be "innovated" or "disrupted" by some new app or device, no matter how revolutionary. Self-driving cars and 3D printers don't change the fact that everybody has to live somewhere and work somewhere.