Why New York Is Becoming a “Millionaire-Only” City

In future the rich will have to do their own cooking, cleaning and garbage. Very character building and a positive development...

Laughs in Hong Kong

It seems like no one can afford to live anywhere these days. Your grave might be the only place your body will stay for free as an adult.

My one-bedroom apartment in southwest Missouri costs less now than I paid to sleep on a guy's living room floor in Manhattan in 1986. No lie. $400 in 2024 vs. $500 in 1986. (The average cost for a one-bedroom apartment in my town is about $850. I've got a great deal in a very old building.)

your channel is the definition of Quality over Quantity , keep up the good work !

This fucking disgusts me. It's now known as some "rich playground" despite it having a HUGE history of WORKING/LOW CLASS immigrants and populous, but then things happened and here we are. Our most culturally diverse and amazing and convenient city ruined by (from what I've heard) rich people doing fishy shit, landlords getting greedy, bad city management from the council itself, and everybody deciding to flea back into the city from their suburbs because it's now "trendy." Ruining the culture slowly, day by day.

The Middle Class didn't disappear......It was pushed out

One other major factor that is affecting the whole of the US, Canada, & even Europe is the change in housing size demand. The demand for 4-5 Bedroom units from the Millennial/Gen Z pop is much lower while 1-2 Beds have a substantially higher demand. We dont just need to build more, but reshape the existing. Families have less people than before and many housing units were built decades ago for larger families

The cost of living totally doesn't have anything to do with the politicians and political leaders in the city.

This is the best video I have come across about NY demographics. New subscriber!

Lived in Brooklyn in the 90s. If I were to do it all over again, I would choose Chicago at this point.

Incentive to only build luxury housing instead of affordable housing.

Great video!

The goal of capitalism is to concentrate as much wealth as possible for as few people as possible, so I'd expect that especially Americans would see this situation as something positive rather than negative?

Who knew that not building housing to meet demand where people want to live woumd cause prices to rise. Specifically state constructed affordable housing to keep housing prices in check in meaningful quantities is the big problem due to not being built in sufficient numbers to meet demand.

Guess philadelphia, Detroit, Cleveland, Buffalo, Pittsburgh, Rochester etc are what's affordable

I went to NYC in 2022 and it was a great but i was curious on rent prices and man my pockets hurt looking at those average places for absurb amounts of money. Im from the midwest and I think I will stay put 😂

I’ve actually seen this firsthand from PA. It seems like mad New Yorkers r leaving for here and Jersey anymore

If you can't afford New York, India welcomes you! We speak English here.

this is now becoming the city of broke And no longer dreams 🥺