Why are New York City neighborhoods/suburbs so expensive?

[Suburbia]

The New York City neighborhoods have been changing since the 1990s due to younger whites "gentrifying" and changing neighborhoods, etc.

Places like middle class Glendale and Maspeth in Queens have homes selling for $1 million.

Why?

https://nycfuture.org/pdf/Reviving_the_Middle_Class_Dream_in_NYC.pdf

https://nypost.com/2019/03/20/more-than-a-third-of-new-yorkers-say-they-cant-afford-to-live-here/

https://www.zillow.com/homes/Middle-Village,-New-York,-NY_rb/

[Donerail]

Because a lot of people want to live there and are willing to pay a lot to do it

[falling apart like the ashes of American flags]

Supply and demand. NYC is pretty much as developed as is possible but because it's such a desirable place to live demand outstrips housing supply.

[Suburbia]

Can anyone here afford to make a FHA downpayment on a home in a place like Douglaston, Little Neck, Williamsburg, etc?

https://www.zillow.com/homes/Douglaston.dash.Little-Neck,-New-York,-NY_rb/

https://www.zillow.com/homes/Midwood,-New-York,-NY_rb/


Even middle class Staten Island is expensive!!!

https://www.zillow.com/homedetails/256-Connecticut-St-Staten-Island-NY-10307/32376687_zpid/

[Starry Eyed Jagaloon]

NYC is pretty much as developed as is possible.

That's what the NIMBYs want you to think.

[インターネット掲示板ユーザー Punxsutawney Phil]

NYC is pretty much as developed as is possible.

That's what the NIMBYs want you to think.

Parts of NY could definitely become considerably denser, but its true that there are parts (like Upper East Side) have become as dense as is tenable.