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Paul Krugman: The high cost of housing slows the recovery of blue cities

NIMBYism leaves a city unusually vulnerable to economic disruption.

(Karsten Moran | The New York Times) A person enters a subway station in New York on May 17, 2021. New York is a great place to live — if you can afford the cost of housing. That last point, however, is a problem, and it lies behind the city’s lagging economic recovery, Paul Krugman writes.