No, we need to ask is Manhattan affordable? Are Manhattan prices dropping? Did they ever?
A 10%-20% price difference is irrelevant and will just disappear in just a few years anyway.
A 10%-20% price difference is irrelevant and will just disappear in just a few years anyway.
At some point prices will make employing people there impracticable due to wages and commercial rental. In the current system, that is the price point the market will reach no mater how many units are built.
If anything SF has become more centralized and companies keep paying high salaries and other perks playing in to the whole thing.