It's not really a good thing, actually. Sure you love it if you LIVE there but from the standpoint of attracting new college grads who will help the city remain competitive for years to come it really stinks to have ridiculously high housing prices. also, depending on where the high prices are, it contributes to sprawl and traffic congestion... If the only remotely affordable areas are in distant suburbs the city is going to sprawl. Deflated prices are also very bad, a sign that nobody is buying or wants to.
A forum community dedicated to skyscrapers, towers, highrises, construction, and city planning enthusiasts. Come join the discussion about structures, styles, reviews, scale, transportation, skylines, architecture, and more!