Millions of people can live in Los Angeles, they can’t afford it.
Tens of millions live in Lagos and Jakarta and Kinshasa but they CANT afford it. Affordability is not about how many people live in an area. Infact more people in a smaller area = less affordable unless you increase your housing supply. Which is why people leave places like LA to go to “boring” places like Phoenix. You can’t just leave Singapore though. Or Hong Kong or Macau or any of these other micro states with the highest housing affordability issues of any nations on earth.
If I don't pay my mortgage, my home gets foreclosed. If you don't pay the rent, you get evicted. By definition, how are people living a place they cannot afford?
Is the cost of living so high it probably sucks ass to live there? Certainly. You can find plenty of people living in closets in NYC for ridiculous prices. Looks like a shitty living situation to me, but they appear to afford it.
Excellent rebuttal. Come back to me when you have the cognitive capacity to formulate an argument.
We can argue semantics indefinitely. When something is “unaffordable,” the price is too high for you to purchase. Millions are paying for housing in Singapore. It probably sucks, but if they couldn’t “afford” it, they’d be kicked out and unable to live there.
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