The unfortunate reality is that NYC was not as expensive until fairly recently, ... | Hacker News

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		allworknoplay on May 12, 2015 \| parent \| context \| favorite \| on: Why Billionaires Don't Pay Property Taxes in New Y... The unfortunate reality is that NYC was not as expensive until fairly recently, and lots of long-time residents have been utterly priced out of their long-time home.

CPLX on May 12, 2015 [–]

When I moved to NYC sixteen years ago I heard people say that same exact thing a lot.

I am pretty sure sixteen years before that people were also saying it.

wwweston on May 13, 2015 | [–]

And it may well have been true at each point; wage stagnation goes back 50 years...

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