New York is a service-based economy, and anytime you have a system like that, cost of living becomes an issue. While the finance bros working 80-hour weeks might be able to afford NYC prices, there's a three-headed dragon wreaking havoc on everyone else...real estate. Full Newsletter: https://mailchi.mp/zeihan/real-estate-the-three-headed-dragon-plaguing-nyc
The Peter Zeihan Podcast Series