So how do explain people coming in and building giant expensive buildings in the city? The number of condos going up in my hood is insane. I guess they didn't the memo about rent control stopping them from making a decent profit. Only like 2% percent of the apartments are rent controlled.
Have you even looked for a decent apartment in the city? Because usually people that say " only way you can get a decent apartment is practically if someone dies." mostly know the city from watching Seinfeld episodes.
I will admit I have not. Of course, that's because no one would be willing to pay me what I'd require to work in "the city" let alone live there. I'd prefer to live in the part of the US which respects all my Rights and not just the ones they feel like respecting today.
An admittedly quick bit of research indicates that for more than it costs to buy a house with an acre of land where I live you can get yourself a 1 bedroom 1 bath cracker box in various parts of "the city". I'd rather not pay more and get one quarter the space.
Also, when you say "the city" as if it is the only city in the world it sounds all kinds of pretentious and self-important.