A well-researched video that explains why some dense urban areas are quite expensive.
TL;DW: Despite a substantial historic housing stock, our most expensive cities have built very little housing in recent years, leading to very low vacancy rates and high prices. Ramping up housing construction will be a necessary part of solving the affordability crisis.
Did you watch it? I don’t know if it’s just awkward phrasing but your comment makes it seem like you didn’t. If so, I think your concerns and questions will be best answered by watching.
There is a lot of delving into housing data in the video, which I found relevant and convincing but feel free to form your own opinions or post a more substantial critique if you wish to.
@LibertyLizard I did watch it. Like most videos of its type, it throws up a bunch of relevant-seeming statistics uncritically. You cannot make a bare comparison of rents between cities with wildly differing income structures and land values.
Did the author not wonder why Philadelphia and Pittsburgh are so low on the list, despite being highly desireable places to live?