You haven't been paying attention to late stage capitalism so far. The landlords simply pull enough housing off the market that the prices for the remainders continue to rise. They'll let entire buildings rot if it ensures the prices for other buildings remain high.

Late stage capitalism doesn't lower prices

Like the others mentioned to you:
You need to read more theory.

TFW people realize Squid Game and Parasite are social commentary and not just fun meme shows

Is it The Fuck What? I have no clue. I'm old enough to remember that ROFL was a thing, gramps ain't keeping up.

Exactly, and my country now has some of the largest populations of expat Koreans, because to them it's cheaper living here and they get to learn English faster.

I don't think they are misrepresenting it. Between the NY State Lotto, Powerball and Mega Millions, the state lotto has the lowest estimated cash payout post-tax, and it's still $1.6 million prize. You might be priced out of Chelsea and Soho, but there are plenty of decent enough neighborhoods in the outer boroughs where you can find an apartment for $750,000. The Powerball is the next smallest pot, with an estimated lump sum payment of $29.4 million, which would certainly let you buy an apartment just about anywhere in NYC you wanted, and still have plenty left over for living expenses to not have to work again.

Even then, the NY State Lotto has a smaller jackpot than typical at the moment, considering the average jackpot is $10.26 million, according to the state's website. So, at least in this case, the NY State Lotto still offers one a feasible, if not reasonable, path to homeownership, while the Korean Lotto doesn't offer that with its average jackpot for those who live in Seoul.

Depends on what part of the city, but Bronx/Queens is about half that. Manhattan is double tho

Yes, because it's totally normal for apartments to cost over $1 million/1.5b won.

I mean, I buy up to a dozen lottery tickets a year next door in Japan. Paying off the house would be first and, were I not already a homeowner, buying one would certainly top the list. Those lottery tickets amount to something like 3600 JPY a year which is probably like 20 USD or so. It's not a financial plan, but I wouldn't complain if I won. I used to spend more than that at starbucks in a month.

Hey, it worked. Sort of.

I thought most US lottery winnings were like $10

Well, $1.4M is less than $40M. So not sure what you're trying to say.