[Demoneeri]

Not every city has delusional real estate price. The point I made in another comment is that the "choice" of going into the suburb has a price put on everybody else. Urban sprawl has a real price (Highways, interchange, pollution, etc.). Here in Montreal you can have a decent townhouse for 500K to 800KCAD.

[cfmcdonald]

That's nice, but the article is about NYC, not Montreal. For $500K CAD (i.e. 400K USD) you could maybe get a 1 bedroom in one of the more remote parts of Manhattan or the nearer parts of Brooklyn/Queens.