In NYC year after year why do the prices preserve on going up..?
and higher & high
Answers:
Over the course of the finishing couple of years, a number of things hold contributed to the increase in prices:
1) NYC is much safer and cleaner city than it used to be. More society now want to move surrounded by and live in the city dispite the cost.
2) Financial firms. Over the course of the concluding 5 years, we've had a great discount. Financial firms have be making bank on this. The average net for investment bankers are in the 300K list with bonuses of 150K-1+M. This make everything more expensive for everyone else (supply/demand)
Also add that severely rich and powerful people live within NYC. Where else besides LA do movie,tv and music stars live? Also allot of foreigners who make a correct living in in that home country have taken supremacy of the weak US dollar and enjoy purchase real estate. Even Brooklyn,NY and Long Island,NY enjoy become a place for the rich and famous.
The law of supply and demand.
Economics. The laws of supply and constraint really are hard at work here.
Because they can. And it is amazing to me how much money some people own.
Inflation
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