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cost of living

The entrance of the carpark in the Upton residential building in Hong Kong.

Someone Paid $664,000 for a Parking Spot in Hong Kong

It is now the most expensive parking spot in the world.
By Diana Bruk
Basement. (Hernán Piñera/flickr)

Going Underground: As Land Prices Rise, New York Institutions Seek Subterranean Space

What does it mean that more and more public institutions and beloved icons are literally moving below-grade?
By Kim Velsey
A gentrified Chelsea. Kevin Gong/flick.

Gentrification May Be Complicated, But It’s Not a Myth and Neither Is Displacement

Gentrification does lead to displacement, and over time, a vastly different neighborhood composition, as demographic change in several New York neighborhoods illustrates.
By Kim Velsey
Sing-a-rich. (Image: Economist Intelligence Unit)

Stop Complaining: New York City Is Cheaper Than Singapore

By Billy Richling

Other Things UBS Could Have Done With $2.3 Billion If a Rogue Trader Hadn’t Gambled It Away

By Patrick Clark
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