Yes, I could get a much larger house for what I'd pay to own an apartment here. BUT...there are certain amenities that come with living in the city that I think are well worth the sticker price. Plus, incomes are higher than they are in other areas--so it works out for the most part. It might be too expensive for you, but those who can manage are doing just fine.
You seriously cannot expect those whose jobs and families are tied to those areas to move.
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