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But youll also see a rising number of once-affordable cities, such as Fresno, California, and Pittsburgh.
Theres no mystery as to why affordable cities become more expensive.
It usually boils down to the normal rules ofsupply and demand.
When cities attract more residents, it creates a snowball effect that impacts everything from housing to consumer goods.
This usually results in higher home prices and rents.
Here are four signs thatan affordable city is becoming more expensive to live in.
The result is heated competition for available homes, leading to higher prices.
The citys current population is more than 126,000, he explained.
Thats up from about 117,500 in 2020 and around 82,000 in 2000.
There is nowhere to build anymore because there is no land left in the prime areas, he said.
New construction only occurs by knocking down and building up.
Higher Taxes
Not all citiestake the indirect route.
In other cases, such as in Chicago, residents face high taxes because of high municipal debt.
Those extra taxes make it much more expensive to live in the city, Lichtenstein said.
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