alt Hacker News> No, it's not good. It leads to nothing but urban decay.
This is subjective and loaded. I don't see any concrete point you are making.
>Except that they don't even decrease. If your population is growing, so is your rent. And it doesn't matter how much you build (for large enough cities).
They did temporarily in Austin - 19% after accounting for inflation.
Overall, making a city like NYC is preferred for any country. Even if the prices are really high, it reflects the economic activity of that city. Why would a house cost ~$800k if the person living there won't make multiples of it with their wages?
> This is subjective and loaded. I don't see any concrete point you are making.
Forced (by economy) in-migration into cities is a net negative for the country with stable or shrinking populations. It leads to objectively worse quality of life for people (less living area per person and more financial stress).
> Overall, making a city like NYC is preferred for any country.
Nope. Making a city like NYC is a recipe for disaster. Europe and the US are living through it right now. How do you think we got that kind of polarization?
When it's a zero-sum (since population is stable/declining) game, the losers are not going to take it lightly. They become an easy target for all kinds of populists.