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Some answers can be found here. Crime rate certainly isn't one of them. I lived in Chicago for years, and never knew anyone impacted by crime. The COL in NYC has been higher, way before Chicago had it's recent problem with crime. I suppose some will dismiss this article, but the answers are better than the others, so far.
There is a thread somewhere here on CD about the increasing cost of housing in some parts of the United States. People brought up a number of ideas such as over regulation or zoning but ultimately I think the main reason is population growth and the effects of supply and demand.
For instance, California had a population of 23 million in 1980 and today roughly 40 million. That is an increase of 17+ million people in less than 40 years. Since California has not added any new land, it is understandable that the cost of land and housing will go up where the areas of growth are most occurring.
San Francisco and Boston are physically tiny cities that have priced out poverty. DC is right behind them. NYC is NYC. The housing in all of these cities is also inflated by foreign investment.
Philly and Chicago are much larger cities than Boston/SF/DC and have much more poverty.
Philadelphia, is the "city of homes"-with a multitude of affordable rowhomes. This helps to keep prices stable on every level.
Some answers can be found here. Crime rate certainly isn't one of them. I lived in Chicago for years, and never knew anyone impacted by crime. The COL in NYC has been higher, way before Chicago had it's recent problem with crime. I suppose some will dismiss this article, but the answers are better than the others, so far.
so your personally experience is more informative than official statistics?
I am not saying Chicago is a bad place to live but to deny its crimes is ridiculous.
Of course it's ridiculous. It also doesn't impact most who live in the city. If you haven't taken the time to notice, it's not usually random, and it's usually in parts of the city, where one knows not to go. My personal experience means a lot, as I know many who live there, and have not been impacted. The statistics are terrible, but if you look at them, it's seldom random crime. Random is on par with a lot of cities.
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