I don't know the US situation, but in my city in Europe, there is a factor 2 to 3 for flats in fashionable location compared to my location. I have the same tra

I don't know the US situation, but in my city in Europe, there is a factor 2 to 3 for flats in fashionable location compared to my location. I have the same traveling distance to the city center, but my location has less public transport options. Schools are ok, it's even better than in the fashionable district, and I have less criminality. I've spoken to a few colleagues who just arrived in the city from another region, and they all went into the fashionable district without considering any other locations, because someone from that district told them any other district is bad. The fact is that if you bought your flat in this fashionable district, it doubled in value over 7 years, whereas in my district, prices went up 50% at most. For me it is the same as the stock market, people follow the trend and smart folk get out before it goes downhill.