We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
First, I think she is mainly talking about Manhattan real estate. There is a lot of NYC outside of Manhattan, and the prime fashionable neighborhoods of Manhattan (and Brooklyn) will never be "affordable" to the middle class because, given the barriers to new construction, demand will always outstrip supply. Even so, there are reasonable neighborhoods in places like Inwood, Harlem, Washington Heights, Spanish Harlem, Little Italy.
Second, there are few free markets in housing in NYC except at the higher end (ie condos in the 2+ million range). Even there, it's not really a free market because the barriers to entry for builders are so high (legal, regulatory, community review, architectural boards, time, political dealings, etc). Donald Trump, with his huge legal teams and political connections, can get that sort of thing done, but there are few of him and, even so, supply will never catch up to demand.
Third, NYC's approach to "affordable" housing since WW2 has been housing projects for the poor and rent control and/or entire rent-controlled developments (eg Stuyvesant Town or Tudor City) for the middle class. The former destroyed neighborhoods and was a catastrophe, and the latter (ST as an example) is bankrupt. Furthermore, rent control, instituted temporarily as a post-war adjustment, now has a huge and vociferous constituency (of course). The more recent efforts are to require some time-limited below-market rentals in new construction.
Altogether, many things conspire to keep rental and condo prices high, even out in the boroughs. Since massive deregulation will never happen in NYC, supply will never catch up with demand because NYC is a world-wide magnet for the energetic, the prosperous, the young, and for those who just want a toe-hold in the greatest and most interesting city in the world. (And if supply ever did catch up with demand, a lot of people would lose a lot of money.)
Government helped create the problem - if it is a problem. The Dems want to fix their problem with even more controls and takings. Typical.
My final thought is this: High prices mean high demand. That's a problem few city centers have these days. It's a good kind of problem to have. It's like when I hear people complain about parking in my village, and feel I need to remind them that there are tons of towns where you can park anywhere downtown - but would you want to live where nobody wants to go?
The fall-out from NYC's rent control policies on the housing market in that city foreshadows what ObamaCare will do to healthcare in this country. Never admitting a policy failure, it's what Lefties do. Monumental dorks.
Start by focusing on the furniture. It looks small and cramped then. Reminds me of the upstairs hall of my house when I lived in the San Fernando valley in the early '70s, except I didn't have a picture window at the end.
As someone who grew up in Brooklyn Heights, if I was to ever leave Maine for Brooklyn (perish the thought) I would look at the Ditmas Park/Beverly Road area. Huge Victorian homes on tree-lined streets. Actual garages! In NYC, yet! Prices are still relatively reasonable because many of those white elephants need updating. A real find though.
It's not that places with insufficient parking are popular places to live and places with a surplus are unpopular (by virtue of being dull or unpleasant). What has instead happened is that the brain trusts who insist that there must be no development unless it fits in with their precious plans have failed to deliver on the implied promise of their demand for control (that implied promise being that they not foul things up).
I have a 2300 sq ft house in Oregon and a 1700 sq ft house in Maui. Both cost me less than $700,000 together and I'm talking in the last ten years. Why in hell would anyone pay 1,8 million for that?
I can do all I need from where I'm at. I do not need to be in NYC nor do I want to be.
I lucked out when I lived in New York. For most the time I lived in Brooklyn just North of Park Slope between 3rd and 4th Avenue, not far from the 4th Avenue / 9th Street F Train stop. The D,N,R (IIRC) trains ran through that F stop as well.
I worked on 5th Avenue a few blocks south of the Empire State Building. Most of the trains that ran through the local F stop would get you to the 34th Street station in Manhattan, where I would de-train. Usually made it to work in under 40 minutes.
My apartment was on the second floor of a brick, three-story 1870's walk-up; a two-bedroom apartment for which I paid $900.00 a month. This was just when folks had started moving to Williamsburg & the near-Manhattan Brooklyn neighborhoods looking for cheaper rent.
$900.00 for that apartment was cheap even by cheaper Brooklyn standards. Lucked out because I was the only tenant in the building the landlord trusted to have any practical sense (he was right). I sort of became the de facto Super.
After I found a suitable roommate to split the rent, $900.00 was peanuts.
What's better, I had a car and I could park it free on the street. Never took it to go to work, but in the evening after rush hour I could zip over the Brooklyn Bridge into lower Manhattan & get there in ten minutes. I did that a lot; parking in Manhattan is much much easier after business hours. My Manhattan friends were always astonished to discover I had a car.
Good times. Spent every dime I made while I lived there. But really that was the point. I got a job in New York City to fund having a good time in New York City. Knew I wouldn't stay; when I finished I bolted.