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Basic commodities also take a toll, as living expenses have skyrocketed in recent years. Reports indicate that essential items like milk and eggs have risen by nearly 25%, further straining budgets that are already tight. Grocery prices in the city make it challenging for an average family to maintain a balanced diet, forcing many to cut down on healthy food options.
Conclusion: The Kicking Can Down the Road
The culmination of these factors paints a harrowing image for the state of housing in New York City. Low availability of affordable housing, skyrocketing rents, stagnant wages, and exorbitant living costs create a perfect storm that threatens the city's vibrancy and diversity.