But the one overriding point is that cities, at least in the developed world, are expensive places to live. Some things cost pretty much the same in every country: food, electricity, telecommunications, national taxes, etc. But others, notably housing, are invariably more expensive in cities, sometimes massively so. Yet people move to citiesIn the developed world about three-quarters of the population live in cities or large towns, and the proportion is rising rapidly in the emerging countries.
Source: Financial Digest (financialdigest.net)
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