According to a report by Henley & Partners, New York City has been ranked the second most expensive city in the world for housing, with prices soaring to $27,500 per square meter. The city's significant population of millionaires contributes to its high living expenses. While the city outpaces others like Hong Kong and London, the reasons for its high demand remain unclear. Citizens express frustration regarding affordability amid the ongoing challenges of late-stage capitalism, emphasizing the need for greater awareness of the struggles faced by regular residents.
Not a day goes by when we don't think about how expensive it is to live in New York City, and these head-numbing tariffs are unlikely to relieve us from the burdens of late-stage capitalism.
New York City is now ranked second as one of the most expensive places to live globally, with average apartment prices reaching $27,500 per square meter.
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