If that were broadly true, then highly urbanized, dense cities would be cheaper. But we see the opposite. Manhattan has some of the highest rents and most expen

If that were broadly true, then highly urbanized, dense cities would be cheaper. But we see the opposite. Manhattan has some of the highest rents and most expensive real estate in the nation. People want to live near their jobs, their schools, shops, doctors, all the things they need, and where that kind of density exists, they're willing to pay for it. The demand is there.