4 ms·

NYC has the highest pop density of just about any city in the world. It has extremely high demand, due to its celebrity status making it a magnet for the whole

by sukilot 11y ago

NYC has the highest pop density of just about any city in the world. It has extremely high demand, due to its celebrity status making it a magnet for the whole world.

LordKano 11y ago
That high demand coupled with artificially low supply has led to exorbitant pricing in the NYC housing market. Just because we can explain why it happens doesn't make those prices any less exorbitant. Pricing is exorbitant in other facets of life in NYC as well but that is a separate discussion.