Can a thriving city get cheaper? New York's about to find out.

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New York City Mayor Zohran Mamdani's central promise has been to bring down his city's cost of living . But New York's affordability problems are a result of its own success: Despite slowing population growth , the city's housing stock and services are still in high demand, pushing prices up. Cities typically get cheaper when people don't want to live in them anymore — think of Detroit, after its downfall — and not when they're in high demand and growing. So the question becomes not whether

Can a thriving city get cheaper? New York's about to find out. https://www.businessinsider.com - 08.05.2026 12:17

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Can a thriving city get cheaper? New York's about to find out. https://www.businessinsider.com - 08.05.2026 12:17