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NYC and HK are perfect examples where adding supply did not solve the problem of high cost of living. That's the risk in Santa Cruz - that we lose the unique t
by hrkfmud50k 3y ago
NYC and HK are perfect examples where adding supply did not solve the problem of high cost of living. That's the risk in Santa Cruz - that we lose the unique the character and it remains expensive.
- bluGill 3y agoNYC has much lower costs of living than Santa Cruz. Not cheap, but still cheaper. They also have better ability to get out a little and get a lot cheaper places to live. Hong Kong is politically constrained. That said, high rise is enough more expensive that I wouldn't expect cheap units to be in those buildings in general (unless the penthouse is valuable enough to subside lower levels). The mid rise (~5 floors) is a much better deal for most people.