Quote:
Originally Posted by Policy Wonk
And the least affordable place on earth to exist, living costs extra still.
How is that sustainable?
|
In what way? The cost of housing by itself? Or average wages compared to the combined costs of housing and transportation? Or percentage of household income spent on necessities such as housing, transportation, health care and education? Or should we look at the human development index compared to GDP? You need to be clear about what you mean the cost of living. It is much more than how much your house costs.
And if it is the least affordable place on earth to exist, why do millions of people live there? If it is not sustainable, how has it managed to be one of the top, if not the top, places for business in the world for the last 100 years or so? They must be doing something wrong, generating so much economic activity, while keeping energy consumption so low. Tokyo and Hong Kong too, what terribly unsuccessful cities. I'm not sure if you know this, but a high cost of living is a market indication that people want to live there.
Should I also mention that Brooklyn, Queens and the Bronx are also low on energy consumption? Those places are much more affordable.