> The UK has a disproportionate share of the world's expensive cities, despite being a relatively middle-income country. How is that a counter example? > Seco

> The UK has a disproportionate share of the world's expensive cities, despite being a relatively middle-income country. How is that a counter example? > Second, there are examples of large cities that don't have these issues. Berlin is probably one of the most well-known examples, > and guess what...rents are going up It seems you are contradicting yourself, or it is not clear what you wanted to say. > part of the problem is local policy causing a problem in aggregate Definitely a problem. But I would say there's not many cities that can escape it. As for NYC, which you mentioned, in the last 10 years the average price nearly doubled [1]. While salaries didn't grow that fast. [1] https://www.zillow.com/new-york-ny/home-values/ https://www.zillow.com/new-york-ny/home-values/