Yes, lot of people would not reject idea of having it, but at the same time actual demand (i.e. actual number of people who would think price is worth it, is quite lower compared to spagetti which is much cheaper but has many more buyers)

All in all. high price does not necessarily mean huge demand.

And billions of redevelopment investment? GDP and employment!

But it's less obvious what tradeoffs people make in general to the degree that employment isn't part of the equation. I certainly never lived in a city when my company was located well outside.

But the whole reason we’re even having the discussion is because of the evidence that more people are remote working. So I’m assuming we’re talking about people who might have to go to their office at max two or three days a week in the extreme cases? Not sure how that will create enough of a market drain to make NYC, Boston, or San Fran living affordable?

I think the suggestion to reclaim business districts is the only rational way forward with any kind of chance of lowering prices. There just don’t seem to be enough people willing to live outside the city to bring down prices. If anything, everything points to market demand increasing pricewise.

These are fairly car centric definitions. But considering the car enabled the suburb in the first place, I don't think it's necessarily wrong to use it as the metric.

The first suburbs were a result of trains.

    Suburban is where it’s _reasonable_ to walk to school, the doctor or a convenience store.

Or are you scoffing at US suburbs?

Some people like crowds. Crowds are fun. Parties are fun. Food is fun. Community is fun. Or not. It’s great we have freedom to choose.

Decreasing demand for an asset that has a fixed cost to the supplier (mortgage payments) pushes up prices just as much as increasing demand.

Is an American city for you? Are you a( indigent; b( a literal aristocrat or rich enough to be one; or c( a "financial domination" enjoyer who desires to give everything they earn to some combination of landlords and governments when you are not giving all your time to your boss? If you answered yes to any of the above, an American city is for you. If you are a working stiff, the city doesn't want you anyway.