A strong economy causes an increase in the demand for housing; the increased demand for housing drives real-estate prices and rentals through the roof. And then affordable housing becomes completely inaccessible.
“When I was older and I first started working, I was obsessed with buying my first Chanel jacket. I saved up my hard-earned money, went to Barneys, and bought a little black Chanel jacket. It saw many, many job interviews and many, many events. I'm not fitting into it lately, but I still have it.”