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It's almost as if $7,500/month for a 2BR apartment is ridiculous, no matter where it is.
by bonestormii_ 6y ago
It's almost as if $7,500/month for a 2BR apartment is ridiculous, no matter where it is.
- pb7 6y agoIt costs what it costs because of supply and demand. If you paid for people’s housing no matter where they wanted to live, everyone would move to highly desirable areas and $7,500 would look like pocket change because the demand would greatly exceed the supply.
- gremlinsinc 6y agoMaybe the government should instead invest in lowering demand by creating decent homes for < $1000 in a skyscraper or something in NY. Seems to me the problem is a supply issue, and we just need a bigger supply. That's an easy solve.