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

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.