Because of rising real estate rates in New York, people are renting apartments instead of buying them. The low inventory of homes or the apartments available for rent and economic activity are the main reasons for the dramatic increase in prices. While the city always seems to be growing and expanding, experts say it's not fast enough to meet demand. Zoning restrictions, the cost of construction and the ability of politicians to find a solution are some of the obstacles to increasing the supply of housing.
Breaking news, sports, entertainment, television, technology. It's expensive to live, work and visit New York, and here are the top 20 reasons. When you live here, you don't need a car because you can just walk or take public transport to get everything you need. While the costs of public transportation will eventually add up, they won't be as high as owning a car.
With public transportation, you'll normally have a reliable way to get from point A to point B on time. For those who don't have their own means of transportation, living in the city and using public transport is an excellent option. There's no shortage of entertainment in New York. This type of access to entertainment is very valuable to people.
Nor is it necessary to be in New York City to have access to entertainment. Unfortunately, these high-paying jobs can sometimes be a bad cycle. Well-paying jobs make the city so popular that other people want to move there to get these jobs. People want to stay ahead of the curve and be leaders in a strong economy.
