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Comment by ramesh31
NYC does not suffer this problem for some reason. Yes, of course there are prohibitively expensive neighborhoods in the trendiest areas. But if your goal is to live and work in the city, or to have a reasonable commute in, it is extremely doable on just about any salary, and you can actually reasonably expect to be able to afford a home in the suburbs some day. A one hour drive out of the city is considered “upstate boondocks” and you can still buy a 300k home. Whereas that is barely into the middle suburbs for SF, where houses still start at $800k+.