Facts, but it gets more complicated for out of towners who not trying to live away from the nice areas and people with kids. If you have debt added to those expenses as well. People want to ball til they fall while in NYC but you just can't make your money spread here as well as you can other places.
Very true. And if people are running around with large amounts of debt, then they need to move accordingly. And living by yourself in any major city wouldn't be the best of moves.