Quote:
Originally Posted by Slunk
San Fran is pricey because of overpaid tech workers not because it is actually appealing.
NYC is expensive because of its status as a financial hub - the overpaid finance people raise the real estate and restaurant prices here. It appeals to tourists because of media hype.
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And they’re both expensive because of strict zoning brought about by NIMBYism. Strict zoning limits new housing in places that desperately need more housing so demand always outpaces supply leading to higher prices.
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